secwatch.observer — SEC 8-K summary
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Issuer:     Yum China Holdings, Inc. (YUMC)
CIK:        0001673358
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0000950170-23-024621
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Yum China shareholders approve all proposals at 2023 annual meeting; say-on-pay passes with 67% support
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- All nine director nominees elected; highest opposition was Ruby Lu with 38.3M against (11.5% of votes cast).
- Say-on-pay approved: 223.4M for, 109.0M against (~67% support); advisory frequency set at every year.
- Share issuance authorization up to 20% of outstanding shares approved (314.9M for, 18.9M against).
- Share repurchase authorization up to 10% of outstanding shares approved (332.9M for, 0.9M against).
- Ratification of KPMG as auditors passed with 356.7M for (99.7% of votes cast).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673358/000095017023024621/0000950170-23-024621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673358/000095017023024621/yumc-20230525.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-024621

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer