{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-067752","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2025-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.774284+00:00","generated_at":"2026-05-24T01:25:21.317875+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"David Gibbs to retire as Yum! Brands CEO in Q1 2026; board starts succession search","bullets":["Gibbs informed board on March 26, 2025 of retirement plan; will continue as CEO until Q1 2026.","Board formed succession planning committee; no successor named yet.","Under Gibbs, digital sales exceeded $30B in 2024 with >50% digital channel sales.","Annual net new unit development tripled during tenure to over 61,000 units globally.","Gibbs was CEO since Jan 2020; led company through COVID-19 and digital transformation."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-067752","json":"https://secwatch.observer/filing/0001193125-25-067752.json","markdown":"https://secwatch.observer/filing/0001193125-25-067752.md","text":"https://secwatch.observer/filing/0001193125-25-067752.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000119312525067752/0001193125-25-067752-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000119312525067752/d848930d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T01:25:21.317875+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":"069dc210fd","claim":"David Gibbs departed as Chief Executive Officer at YUM BRANDS INC.","evidence_excerpt":"On March 26, 2025, David Gibbs, the Company’s Chief Executive Officer, informed the Board of Directors of his intention to retire in 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041061/000119312525067752/0001193125-25-067752-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"}