SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 10, 1998
McDONALD'S CORPORATION
(Exact name of Registrant as specified in its Charter)
Delaware 1-5231 36-2361282
(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
One McDonald's Plaza
Oak Brook, Illinois 60523
(630) 623-3000
(Address and Phone Number of Principal Executive Offices)
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(c) Exhibits
(99) Press Release dated February 10, 1998 -- McDonald's To
Acquire Minority Interest In Chipotle Mexican Grill
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
McDONALD'S CORPORATION
(Registrant)
By: /s/ Gloria Santona
--------------------------------------
Gloria Santona
Vice President, Deputy General Counsel
and Secretary
EXHIBIT 99
FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT:
2/10/98 Media: Chuck Ebeling, 630-623-6150
Investors: Mary Healy, 630-623-6429
McDONALD'S TO ACQUIRE MINORITY INTEREST IN
CHIPOTLE MEXICAN GRILL
OAK BROOK, IL -- McDonald's Corporation has reached an agreement in
principle to acquire a minority interest in World Foods, operator of
Chipotle Mexican Grill, a chain of 14 fresh Mexican food restaurants
currently serving customers in the Denver, CO, market. Terms of the
investment were not disclosed. The transaction is expected to close soon.
The balance of the company will be owned by Steven Ells, founder,
president and chief executive officer of Chipotle Mexican Grill, and
others.
"This investment will mean no change in McDonald's USA strategy of growing
our hamburger restaurant business. McDonald's is making an
opportunistically-driven minority investment in a small restaurant concept
that has a strong customer following and an excellent performance record,"
commented Patrick Flynn, executive vice president of McDonald's USA, and
relationship partner to Chipotle Mexican Grill.
"McDonald's grew to what it is today by testing new ways to meet our goal
of satisfying customer's appetite for great food, served well, at a good
value. By testing new ideas and evaluating results, we expand our body of
knowledge about the foodservice business. Chipotle Mexican Grill is
another opportunity to gain such learnings," Flynn continued.
(more)
"If after a period of development and evaluation, the business
demonstrates sufficient growth potential and appeal, it would be our
strategy to create additional franchising opportunities for McDonald's
franchisees within the concept." Flynn concluded.
# # #
