8-K
filed May 24, 2023, 7:59 PM ET
ticker YUM
CIK 0001041061
other
confidence high
sentiment neutral
materiality 0.15
Yum! Brands annual meeting results: all board nominees elected, say-on-pay passes, shareholder proposals defeated
YUM BRANDS INC
- All 10 director nominees elected with majorities; each received over 208 million votes for.
- Ratification of KPMG as independent auditor for 2023 approved with 231.0M for, 8.7M against.
- Advisory say-on-pay approved with 184.5M for (84.3% of votes cast); company adopts annual frequency policy.
- Shareholder proposals on plastics report, lobbying report, and paid sick leave each defeated by wide margins.
- One proposal on civil rights audit not presented (proponent absent); share retention proposal withdrawn.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
YUM BRANDS INC shareholders rejected Shareholder proposal regarding issuance of a report on paid sick leave at the 2023-05-18 meeting.
- Outcome
- failed
- Meeting
- 2023-05-18
Exact text from the filing
9. The shareholder proposal regarding issuance of a report on paid sick leave was not approved based upon the following votes: Votes for approval 42,870,349 Votes against 166,289,559 Abstentions 2,603,980 Broker non-votes 28,262,539
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
YUM BRANDS INC shareholders approved Hold non-binding advisory votes on executive compensation every year at the 2023-05-18 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
The proposal to hold non-binding advisory votes on executive compensation every year was approved, it having received the greatest number of votes cast for one of the three options based upon the following votes: One year 208,467,822 Two years 363,145 Three years 2,455,185 Abstentions 477,736 There were no broker non-votes for this item.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
YUM BRANDS INC shareholders approved Election of directors at the 2023-05-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
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 208,191,299 3,221,531 351,058 28,262,539 Keith Barr 208,889,754 2,543,508 330,626 28,262,539 Christopher M. Connor 204,963,425 6,451,295 349,168 28,262,539 Brian C. Cornell 198,757,041 12,681,991 324,856 28,262,539 Tanya L. Domier 209,095,262 2,363,372 305,254 28,262,539 David W. Gibbs 209,147,083 2,102,645 514,160 28,262,539 Mirian M. Graddick-Weir 186,774,697 24,621,508 367,683 28,262,539 Thomas C. Nelson 202,849,228 8,583,525 331,135 28,262,539 P. Justin Skala 209,016,102 2,407,904 339,882 28,262,539 Annie Young-Scrivner 209,057,893 2,397,479 308,516 28,262,539
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
YUM BRANDS INC shareholders rejected Shareholder proposal regarding issuance of an annual report on lobbying at the 2023-05-18 meeting.
- Outcome
- failed
- Meeting
- 2023-05-18
Exact text from the filing
6. The shareholder proposal regarding issuance of an annual report on lobbying was not approved based upon the following votes: Votes for approval 87,724,549 Votes against 121,680,687 Abstentions 2,358,652 Broker non-votes 28,262,539
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
YUM BRANDS INC shareholders rejected Shareholder proposal regarding issuance of a report on efforts to reduce plastics use at the 2023-05-18 meeting.
- Outcome
- failed
- Meeting
- 2023-05-18
Exact text from the filing
5. The shareholder proposal regarding issuance of a report on efforts to reduce plastics use was not approved based upon the following votes: Votes for approval 77,184,024 Votes against 132,157,592 Abstentions 2,422,272 Broker non-votes 28,262,539
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
YUM BRANDS INC shareholders approved Ratify appointment of KPMG LLP as independent auditor for 2023 at the 2023-05-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
2. The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2023 was approved based upon the following votes: Votes for approval 230,968,595 Votes against 8,668,165 Abstentions 389,667 There were no broker non-votes for this item.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
YUM BRANDS INC shareholders approved Approve, by non-binding advisory vote, the executive compensation of the named executive officers at the 2023-05-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
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 184,470,528 Votes against 25,271,984 Abstentions 2,021,376 Broker non-votes 28,262,539
View on SEC.gov
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