{"schema_version":"secwatch.filing_event.v1","accession":"0001041061-25-000002","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2025-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.773298+00:00","generated_at":"2026-05-28T06:12:05.904571+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Yum! terminates Turkey franchise agreements; 537 restaurants closing; expects ~$60M charge","bullets":["Terminated franchise agreements with IS Gida A.S. in Turkey; 283 KFC and 254 Pizza Hut restaurants expected to close.","Re-acquired master franchise rights in Germany for KFC and Pizza Hut in December 2024.","Anticipates pre-tax special charge of ~$60M in Q4 2024 (Germany acquisition + Turkey termination costs).","Loss of royalties from Turkey closures will have no material impact on core operating profit in 2025+.","Unit count reduction reflected at end of Q1 2025; company reaffirms global unit growth trajectory."],"urls":{"canonical":"https://secwatch.observer/filing/0001041061-25-000002","json":"https://secwatch.observer/filing/0001041061-25-000002.json","markdown":"https://secwatch.observer/filing/0001041061-25-000002.md","text":"https://secwatch.observer/filing/0001041061-25-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000104106125000002/0001041061-25-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000104106125000002/yum-20250108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T06:12:05.904571+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}