Highest-materiality recent filing
McDonald's USA President Joe Erlinger departs; Skye Anderson appointed as successor
Joseph Erlinger leaves role as President of McDonald's USA effective Aug 4, 2026; will serve as advisor until early 2027.
McDonald's Q2 2026: Global comp sales +1.3%, EPS $3.32; Skye Anderson named US President
Global comparable sales +1.3%; U.S. +0.8%, Int'l Operated Markets +1.5%, Int'l Developmental Licensed +1.9%.
All 12 director nominees elected; Christopher Kempczinski received 465.3M votes for, 38.8M against (highest against count).
McDonald's Q1 comparable sales +3.8%; EPS $2.78, up 7%; revenues $6.52B, +9%
Global comparable sales +3.8%; U.S. +3.9%, Int'l Operated Markets +3.9%, Int'l Developmental Licensed +3.4%.
McDonald's appoints Director Farley to Audit & Finance and Corporate Responsibility Committees
James D. Farley, Jr. appointed to Audit & Finance Committee and Corporate Responsibility Committee, effective March 30, 2026.
McDonald's Q4 global comp sales +5.7%, raises dividend 5% to $1.86/share
Global comparable sales +5.7% in Q4; U.S. +6.8%, Int'l Operated Markets +5.2%, IDL +4.5%.
McDonald's elects Ford CEO James D. Farley Jr. to board, effective Feb 4, 2026
Board size increased to 12 directors with Farley's election, effective February 4, 2026.
McDonald's Q3 2025: global comp sales +3.6%, EPS $3.18 (+2% YoY), all segments positive
Global comparable sales +3.6% (U.S. +2.4%, IOM +4.3%, IDL +4.7%).
McDonald's issues $1.3B of medium-term notes in two tranches
Issued $550M of 4.400% notes due 2031 and $750M of 5.000% notes due 2036.
McDonald's Q2 2025: global comps +3.8%, EPS $3.14 (+12% YoY), revenue $6.84B
Global comparable sales +3.8%; U.S. +2.5%, IOM +4.0%, IDL +5.6%.
All 11 director nominees re-elected; CEO Kempczinski received 457.3M votes for, 48.6M against.
McDonald's Q1 global comparable sales fall 1.0%, U.S. down 3.6%; EPS $2.60
Global comparable sales -1.0% (ex-Leap Day essentially flat); U.S. -3.6% on negative guest counts.
Jill McDonald appointed EVP – Global Chief Restaurant Experience Officer; will separate from President, IOM role on May 1, 2025.
McDonald's issues $1.5B in notes: $600M at 4.600% due 2030, $900M at 4.950% due 2035
Issued $600M of 4.600% Medium-Term Notes due 2030 and $900M of 4.950% Notes due 2035 on March 3, 2025.
Approved 2025 TIP awards: CEO Kempczinski target 200% of base salary, CFO Borden 130%, others 90-120%.
McDonald's Q4 global comparable sales +0.4%; U.S. down 1.4%; EPS flat
Q4 consolidated revenues $6.39B flat YoY; diluted EPS $2.80 flat (GAAP), adjusted $2.83 (-4% YoY).
Director John J. Mulligan to retire from McDonald's Board at 2025 Annual Meeting
John J. Mulligan notified McDonald's on January 13, 2025 of his retirement.
McDonald's Q3: global comps -1.5%, adj. EPS $3.23 (+1%), revenue $6.87B, dividend up 6%
Global comparable sales down 1.5%: US +0.3%, IOM -2.1%, IDL -3.5%.
McDonald's Q2 comp sales -1%; EPS $2.80, down 11% YoY
Global comparable sales fell 1.0% with negative results in all segments (U.S. -0.7%, IOM -1.1%, IDL -1.3%).
McDonald's appoints Lauren Elting as principal accounting officer effective Oct 1, 2024
Elting joins July 30 as VP; succeeds Catherine Hoovel who retires Oct 1 as previously announced.
McDonald's shareholders elect board, approve exec pay and charter changes; reject all proposals
All 12 directors elected; say-on-pay approved with 92.8% support (461.9M for, 33.7M against).
McDonald's issues $1B in medium-term notes: $500M 5.00% due 2029 and $500M 5.20% due 2034
Issued $500M of 5.000% Medium-Term Notes due 2029 and $500M of 5.200% Medium-Term Notes due 2034.
McDonald's Q1: Global comps +1.9%, EPS $2.66, revenue $6.17B (+5%)
Global comparable sales +1.9% (13th consecutive positive quarter); U.S. +2.5%, Int'l Operated Markets +2.7%, Int'l Dev Licensed Markets -0.2% (hit by Middle East war).
McDonald's announces board changes: CEO to chair, Hernandez retires, Hsu nominated
Enrique Hernandez Jr. retires as non-executive Chairman after 28 years, effective 2024 Annual Shareholders Meeting.
McDonald's Corporate Controller Catherine Hoovel to retire Oct 1, 2024
Catherine A. Hoovel, SVP – Corporate Controller and Principal Accounting Officer, notified retirement effective Oct 1, 2024.
Kempczinski (CEO, 200%), Borden (CFO, 130%), Erlinger (USA Pres, 120%), Ralls-Morrison (GC, 100%), Rice (CIO, 90%) target TIP as % of base.
McDonald's Q4 global comps +3.4%, FY +9%; adjusted EPS $2.95 / $11.94
Q4 global comparable sales +3.4% (U.S. +4.3%, IOM +4.4%, IDL +0.7% impacted by Middle East war).
McDonald's targets 50,000 restaurants by 2027, 250M loyalty members, Google Cloud partnership
Target 50,000 restaurants by 2027, fastest period of growth in brand history.
McDonald's Q3 global comparable sales +8.8%; EPS $3.17 (+18%); dividend raised 10% to $1.67
Global comparable sales +8.8%: U.S. +8.1%, International Operated +8.3%, International Developmental Licensed +10.5%.
McDonald's director Richard Lenny to retire from board effective Oct 31, 2023
Director Richard H. Lenny notified retirement from McDonald's Board, effective October 31, 2023.
McDonald's issues $2.0B in medium-term notes across three tranches
$600M of 4.800% notes due 2028, $600M of 4.950% notes due 2033, and $800M of 5.450% notes due 2053.
McDonald's Q2 2023: Global comparable sales +11.7%, adjusted EPS $3.17 beats $2.55 YoY
Global comparable sales increased 11.7% with double-digit growth across all segments: U.S. +10.3%, International Operated +11.9%, Developmental Licensed +14.0%.
McDonald's 2023 annual meeting: shareholders pass lobbying report proposal, all directors elected
All 13 director nominees elected; highest against votes for Enrique Hernandez Jr. (64.7M) and Richard Lenny (45.1M).
McDonald's Q1 2023: Global comp sales +12.6%, adjusted EPS $2.63
Global comparable sales +12.6% across all segments; U.S. comp sales +12.6% with positive guest count growth.
McDonald's directors Eckert and Rogers to retire after 20 years; board reduced to 13
Robert A. Eckert and John W. Rogers, Jr. retiring from Board effective 2023 Annual Meeting.
McDonald's sets 2023 TIP awards; adds new restaurant openings metric
CEO Kempczinski target TIP at 200% of base salary; CFO Borden 125%, others 100-120%.
McDonald's Q4 global comparable sales +12.6%, EPS $2.59 (+19% YoY)
Global comparable sales +12.6% in Q4, with double-digit growth across all segments.
McDonald's amends by-laws to comply with SEC universal proxy rules and other updates
Board amended and restated by-laws effective January 18, 2023, primarily to reflect Rule 14a-19 (universal proxy).
CEO Chris Kempczinski announces "Accelerating the Arches 2.0" growth strategy, adding a fourth "D" (Restaurant Development) to existing M-C-D pillars.
McDonald's assigns committee seats to three newly elected directors
Anthony G. Capuano appointed to Compensation and Public Policy & Strategy Committees, effective Dec 1, 2022.
McDonald's appoints Kareem Daniel to Compensation and Sustainability committees
Kareem Daniel appointed to Compensation Committee and Sustainability & Corporate Responsibility Committee effective Dec 1, 2022.
McDonald's Q3 comp sales +9.5%; dividend raised 10% to $1.52
Global comparable sales up 9.5%; U.S. +6.1% (9th consecutive quarter of growth).
Kareem Daniel, Disney Media Chairman, Elected to McDonald's Board of Directors
Board expanded to 15 members; Kareem Daniel elected independent director effective Oct 1, 2022.
McDonald's issues $1.5B in medium-term notes: $750M 4.600% due 2032 and $750M 5.150% due 2052
Issued $750M of 4.600% notes due 2032 and $750M of 5.150% notes due 2052.
McDonald's announces three new directors; Penrose retiring after 15+ years
Sheila A. Penrose to retire from board effective Sept 30, 2022, after 15+ years of service.
McDonald's discloses CFO Ian Borden's compensation adjustments: salary $900k, higher bonus target
Base salary increased 7.3% to $900,000 effective September 1, 2022.
McDonald's Q2 2022: Global comps +9.7%, adj. EPS $2.55 (+8%), Russia exit weighs on GAAP
Global comparable sales increased 9.7%; U.S. +3.7%, Int'l Operated +13.0%, Int'l Developmental Licensed +16.0%.
McDonald's appoints Ian Borden CFO, Ozan to strategic initiatives, Gross to supply chain
Ian Borden, previously President-International, promoted to EVP and CFO effective Sept 1, 2022; he joined McDonald's Canada in 1994.
McDonald's shareholders re-elect all 12 directors, approve civil rights audit proposal
All 12 board nominees re-elected with 430M-490M votes each; Icahn nominees received <10M.
McDonald's to exit Russia, expects $1.2-1.4B charge to write off investment
Initiated process to sell entire Russian portfolio to local buyer; restaurants will be 'de-Arched' and no longer use McDonald's branding.
The Board appointed Manuel JM Steijaert, currently the Company’s Executive Vice President – Global Chief Customer Officer, to replace Ms. McDonald as Executive Vice President – President, IOM, on or about May 1, 2025.
the appointment of Gillian (Jill) McDonald as Executive Vice President – Global Chief Restaurant Experience Officer.
On January 13, 2025, Director John J. Mulligan notified McDonald’s Corporation (the “Company”) of his decision to retire from the Company’s Board of Directors, effective as of the date of the Company’s 2025 Annual Shareholders’ Meeting.
Ms. Hoovel will continue to serve as the Company’s principal accounting officer until her retirement, at which time Ms. Elting will assume the role of Vice President – Corporate Controller.
On March 8, 2024, Catherine A. Hoovel notified McDonald’s Corporation (the “Company”) of her intention to retire from the Company as Senior Vice President – Corporate Controller, the Company’s Principal Accounting Officer, effective October 1, 2024.
On August 21, 2023, Richard H. Lenny notified McDonald’s Corporation (the “Company”) of his retirement from the Company’s Board of Directors and all Committees thereof, effective as of October 31, 2023.
On March 27, 2023, Robert A. Eckert and John W. Rogers, Jr. notified McDonald’s Corporation (the “Company”) of their respective retirements from the Company’s Board of Directors (the “Board”) and all Committees thereof, each effective as of the date of the Company’s 2023 Annual Shareholders’ Meeting.
On March 27, 2023, Robert A. Eckert and John W. Rogers, Jr. notified McDonald’s Corporation (the “Company”) of their respective retirements from the Company’s Board of Directors (the “Board”) and all Committees thereof, each effective as of the date of the Company’s 2023 Annual Shareholders’ Meeting.
On the same date, the Board elected Anthony G. Capuano, Jennifer L. Taubert and Amy E. Weaver as Directors (the “New Directors”), effective October 1, 2022.
On the same date, the Board elected Anthony G. Capuano, Jennifer L. Taubert and Amy E. Weaver as Directors (the “New Directors”), effective October 1, 2022.
On August 17, 2022, Sheila A. Penrose notified McDonald’s Corporation (the “Company”) of her resignation from the Company’s Board of Directors (the “Board”) and all Board Committees, effective September 30, 2022.
On the same date, the Board elected Anthony G. Capuano, Jennifer L. Taubert and Amy E. Weaver as Directors (the “New Directors”), effective October 1, 2022.
Max materiality 0.80 · Median 0.50 · Most common event earnings