McDonald's discloses CFO Ian Borden's compensation adjustments: salary $900k, higher bonus target

MCDONALDS CORP

Base salary increased 7.3% to $900,000 effective September 1, 2022.
Target annual bonus opportunity raised from 110% to 120% of base salary.
Relocation benefits provided for move from UK to US under company program.

item 5.02

Executive movements

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Role change

Ian Borden

Executive Vice President and Chief Financial Officer

MCD · MCDONALDS CORP

Effective: 2022-09-01
Filed: July 29, 2022, 7:59 PM ET

This is an amendment to Item 5.02(c) of the Form 8-K that was filed by McDonald’s Corporation (the “Company”) on June 27, 2022, which reported that on the same day, the Company announced that Ian Borden was promoted to Executive Vice President and Chief Financial Officer, effective September 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ian Borden changed role as Executive Vice President and Chief Financial Officer at MCDONALDS CORP.

Action: promoted
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

This is an amendment to Item 5.02(c) of the Form 8-K that was filed by McDonald’s Corporation (the “Company”) on June 27, 2022, which reported that on the same day, the Company announced that Ian Borden was promoted to Executive Vice President and Chief Financial Officer, effective September 1, 2022.

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MCDONALDS CORP filing history →

Source: SEC EDGAR

accession 0000063908-22-000039

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