secwatch.observer — SEC 8-K summary
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Issuer:     Yum China Holdings, Inc. (YUMC)
CIK:        0001673358
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0000950170-22-019469
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yum China shareholders approve 2022 LTIP and HKEX primary conversion; effective Oct 24
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- Special meeting on Oct 11 approved issuance authority up to 20% of outstanding shares and repurchase authority up to 10%.
- 2022 Long Term Incentive Plan approved, replacing 2016 LTIP; authorized up to 31M shares or 10% of outstanding.
- Primary conversion of HKEX listing from secondary to primary expected effective Oct 24, 2022.
- 2022 LTIP uses fungible share counting: Full Value Awards count 2:1, stock options/SARs 1:1 against reserve.
- Votes: 2022 LTIP received 292.8M for, 20.7M against; repurchase authority 312.0M for, 1.5M against.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673358/000095017022019469/0000950170-22-019469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673358/000095017022019469/yumc-20221011.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019469

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