---
schema_version: "secwatch.filing_event.v1"
accession: "0000063908-23-000008"
form_type: "8-K"
ticker: "MCD"
cik: "0000063908"
company_name: "MCDONALDS CORP"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:26:54.196548+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# McDonald's sets 2023 TIP awards; adds new restaurant openings metric

## Summary
- CEO Kempczinski target TIP at 200% of base salary; CFO Borden 125%, others 100-120%.
- Payout metrics: operating income (40%), Systemwide sales (30%), human capital (15%), new openings (15%).
- New metric: number of restaurant openings, reflecting Accelerating the Arches growth strategy.
- Erlinger (USA president) gets a modifier for franchisee diversity that can adjust TIP by ±15 points.

## SEC filing metadata
- accession: 0000063908-23-000008
- form_type: 8-K
- ticker: MCD
- cik: 0000063908
- company_name: MCDONALDS CORP
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63908/000006390823000008/0000063908-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63908/000006390823000008/mcd-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000063908-23-000008
- JSON: https://secwatch.observer/filing/0000063908-23-000008.json
- Plain text: https://secwatch.observer/filing/0000063908-23-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.