{"schema_version":"secwatch.filing_event.v1","accession":"0001041061-25-000041","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.268096+00:00","generated_at":"2026-05-19T04:06:02.259926+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Yum! Brands names Chris Turner as CEO effective Oct 1, 2025; David Gibbs becomes adviser","bullets":["Chris Turner, current CFO and Chief Franchise Officer, elected CEO, succeeding David Gibbs.","David Gibbs, CEO since Jan 2020, will serve as non-executive adviser through end of 2026.","Turner's compensation: $1.1M base salary, 200% target bonus, $1.5M initial equity award for 2025.","Turner previously led PepsiCo's Walmart business and was a McKinsey & Co. partner.","Under Gibbs, digital sales surpassed $30B in 2024; net new unit development tripled to ~61,000 restaurants."],"urls":{"canonical":"https://secwatch.observer/filing/0001041061-25-000041","json":"https://secwatch.observer/filing/0001041061-25-000041.json","markdown":"https://secwatch.observer/filing/0001041061-25-000041.md","text":"https://secwatch.observer/filing/0001041061-25-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000104106125000041/0001041061-25-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000104106125000041/yum-20250613.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T04:06:02.259926+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":[{"claim_id":"543a2a20ca","claim":"Christopher Turner was elected as Chief Executive Officer at YUM BRANDS INC.","evidence_excerpt":"elected Christopher Turner, currently Chief Financial and Franchise Officer of the Company, as Chief Executive Officer of the Company, effective October 1, 2025","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041061/000104106125000041/0001041061-25-000041-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"6a30fe228a","claim":"David Gibbs departed as Chief Executive Officer at YUM BRANDS INC.","evidence_excerpt":"David Gibbs, who, in March 2025, informed the Board of Directors of his intention to retire in the next year after 37 years with the Company and a successful tenure as CEO.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041061/000104106125000041/0001041061-25-000041-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}