{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-272881","form_type":"8-K","ticker":"YUM","cik":"0001041061","company_name":"YUM BRANDS INC","filed_at":"2026-06-16T21:16:02+00:00","discovered_at":"2026-06-16T21:18:00.343041+00:00","generated_at":"2026-06-16T21:18:33.508383+00:00","sec_items":["1.01","8.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Yum! Brands sells global Pizza Hut business for $2.688B in cash; adds $4B buyback","bullets":["Sale of global Pizza Hut (ex-China) to Toppings TopCo for $1.488B cash + up to $75M earn-out.","PRC Pizza Hut business sold to Yum China for $1.2B cash; amended KFC/Taco Bell license with Yum China.","Board approves new $4.0B share repurchase authorization through June 2028, supplementing $400M remaining.","Transactions expected to close by Sept 2026 (global) and Nov 2026 (China), subject to customary conditions.","Net after-tax proceeds to be used for investing in business and returning excess capital to shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-272881","json":"https://secwatch.observer/filing/0001193125-26-272881.json","markdown":"https://secwatch.observer/filing/0001193125-26-272881.md","text":"https://secwatch.observer/filing/0001193125-26-272881.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041061/000119312526272881/0001193125-26-272881-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041061/000119312526272881/d47355d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T21:18:33.508383+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"}