Yum! Brands Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$YUM
Restaurants
Consumer Discretionary
| UNITED STATES | ||
| 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
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Commission file number 1-13163
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. | ||||
The following is a brief description of each matter voted upon at the YUM! Brands, Inc. (the “Company”) Annual Meeting of Shareholders held on May 16, 2024, as well as the number of votes cast for or against each matter and the number of abstentions and broker non-votes with respect to each matter.
1.The election of the following directors, who will serve until their respective successors are elected and qualified or until their earlier death or resignation:
| Director | For | Against | Abstain | Broker non-votes | |||||||||||||||||||||||||
| Paget L. Alves | 220,238,574 | 2,412,707 | 294,441 | 25,613,206 | |||||||||||||||||||||||||
| Keith Barr | 220,754,622 | 1,880,442 | 310,658 | 25,613,206 | |||||||||||||||||||||||||
| M. Brett Biggs | 221,801,877 | 834,992 | 308,853 | 25,613,206 | |||||||||||||||||||||||||
| Christopher M. Connor | 216,498,268 | 6,140,476 | 306,978 | 25,613,206 | |||||||||||||||||||||||||
| Brian C. Cornell | 211,735,511 | 10,263,527 | 946,684 | 25,613,206 | |||||||||||||||||||||||||
| Tanya L. Domier | 221,698,988 | 961,962 | 284,772 | 25,613,206 | |||||||||||||||||||||||||
| Susan Doniz | 207,523,836 | 15,128,061 | 293,825 | 25,613,206 | |||||||||||||||||||||||||
| David W. Gibbs | 221,565,275 | 1,070,626 | 309,821 | 25,613,206 | |||||||||||||||||||||||||
| Mirian M. Graddick-Weir | 214,491,434 | 8,156,188 | 298,100 | 25,613,206 | |||||||||||||||||||||||||
| Thomas C. Nelson | 214,392,595 | 8,245,380 | 307,747 | 25,613,206 | |||||||||||||||||||||||||
| P. Justin Skala | 219,697,570 | 2,933,561 | 314,591 | 25,613,206 | |||||||||||||||||||||||||
| Annie Young-Scrivner | 221,652,492 | 993,501 | 299,729 | 25,613,206 | |||||||||||||||||||||||||
2.The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2024 was approved based upon the following votes:
| Votes for approval | 237,610,113 | |||||||
| Votes against | 10,533,631 | |||||||
| Abstentions | 415,184 | |||||||
| There were no broker non-votes for this item. | ||||||||
3.The proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers was approved based upon the following votes:
| Votes for approval | 206,166,886 | |||||||
| Votes against | 14,769,307 | |||||||
| Abstentions | 2,009,529 | |||||||
| Broker non-votes | 25,613,206 | |||||||
4.The shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals was not approved based upon the following votes:
| Votes for approval | 26,223,263 | |||||||
| Votes against | 195,424,175 | |||||||
| Abstentions | 1,298,284 | |||||||
| Broker non-votes | 25,613,206 | |||||||
5.The shareholder proposal regarding consideration of proposed capital transactions was not approved based upon the following votes:
| Votes for approval | 1,743,493 | |||||||
| Votes against | 219,817,996 | |||||||
| Abstentions | 1,384,233 | |||||||
| Broker non-votes | 25,613,206 | |||||||
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.
| YUM! BRANDS, INC. | ||||||||||||||
| (Registrant) | ||||||||||||||
| Date: | May 21, 2024 | /s/ Erika Burkhardt | ||||||||||||
| Vice President and Associate General Counsel | ||||||||||||||