secwatch / observer

Restaurant Brands International Inc. — fact timeline

Source-grounded facts extracted from Restaurant Brands International Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

QSR Restaurant Brands International Inc. JSON
Shareholder Votes

Restaurant Brands International Inc. shareholders approved Proposal 3: Appointment of KPMG LLP as the Company's auditors to serve until the close of the 2027 Annual Meeting of Shareholders and authorization of the Company's directors to fix the auditors' remuneration at the 2026-06-03 meeting.

“Proposal 3: Appointment of KPMG LLP as the Company’s auditors to serve until the close of the 2027 Annual Meeting of Shareholders and authorization of the Company’s directors to fix the auditors’ remuneration: Number of Votes For Number of Votes Withheld Broker Non-Votes 390,184,325 12,993,883 4”
Shareholder Votes

Restaurant Brands International Inc. shareholders approved Proposal 2: Approval, on a non-binding advisory basis, of the compensation paid by the Company to its named executive officers at the 2026-06-03 meeting.

“Proposal 2: Approval, on a non-binding advisory basis, of the compensation paid by the Company to its named executive officers: Number of Votes For Number of Votes Against Number of Votes Withheld Broker Non-Votes 387,547,825 9,993,041 104,276 5,533,070”
Shareholder Votes

Restaurant Brands International Inc. shareholders approved Proposal 1: Election of the ten (10) directors specifically named in the Proxy Statement, each to serve until the close of the 2027 Annual Meeting of Shareholders or until his or her successor is elected or appointed at the 2026-06-03 meeting.

“Proposal 1: Election of the ten (10) directors specifically named in the Proxy Statement, each to serve until the close of the 2027 Annual Meeting of Shareholders or until his or her successor is elected or appointed: Nominee Number of Votes For Number of Votes Against Number of Votes Abstain Broker Non-Votes Alexandre Behring 386,544,846 10,905,772 194,526 5,533,068 Maximilien de Limburg Stirum 396,984,644 616,474 44,024 5,533,070 J. Patrick Doyle 393,548,187 4,058,404 38,556 5,533,065 Cristina Farjallat 396,848,192 759,417 37,537 5,533,066 Ali Hedayat 393,457,494 4,142,830 44,820 5,533,068 Marc Lemann 391,720,662 5,882,501 41,983 5,533,066 Jason Melbourne 396,839,982 763,563 41,600 5,533,067 Daniel S. Schwartz 396,469,148 1,131,612 44,385 5,533,067 Marcia Smith 397,229,186 376,898 39,064 5,533,064 Thecla Sweeney 394,889,035 2,671,526 84,583 5,533,068”
Earnings Releases

Restaurant Brands International Inc. reported financial results for first quarter ended March 31, 2026.

“On May 6, 2026, Restaurant Brands International Inc. (the “Company”) issued a press release and supplemental financial and operational information regarding results for the three months ended March 31, 2026.”
Restructurings & Charges

Restaurant Brands International Inc. announced a impairment with charges of approximately $150 million affecting Burger King China.

“the Company has determined that it will be required under generally accepted accounting principles to take a non-cash charge of approximately $150 million on its Burger King China holdings.”
Debt Financings

Restaurant Brands International Inc. incurred term loan of $5,162 million outstanding to a $5,912 million term loan B facility with the Lenders.

“The 2024 Amendment increases the existing term loan B facility with $5,162 million outstanding to a $5,912 million term loan B facility (the “Term Loan B Facility”) on the same terms as the existing term loan B facility.”
Material Agreements

Restaurant Brands International Inc. amended 2024 Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $750 million increase (effective 2024-05-16).

“9 (the “2024 Amendment”) to the Credit Agreement, dated as of October 27, 2014, as previously amended (as amended, the “Credit Agreement”), by and among the Borrowers, Holdings, the guarantors party thereto, the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent.”
Earnings Releases

Restaurant Brands International Inc. reported first quarter ended March 31, 2024 results: net income Net Income of $328 million, EPS Diluted EPS was $0.72.

“Restaurant Brands International Inc. Reports First Quarter 2024 Results”

Matthew Dunnigan departed as Chief Financial Officer at Restaurant Brands International Inc..

“Mr. Dunnigan will separate from the company and will be eligible for severance benefits upon termination of employment”

Sami Siddiqui was appointed as Chief Financial Officer at Restaurant Brands International Inc..

“On March 14, 2024, Restaurant Brands International Inc. (“ RBI ” or the “ Company ”) announced that the Board has appointed Sami Siddiqui to succeed Matthew Dunnigan as Chief Financial Officer of the Company.”

Matthew Dunnigan departed as Chief Financial Officer at Restaurant Brands International Inc..

“The final terms of Mr. Dunnigan’s separation from the Company and termination of his employment are in the process of being finalized as of the date of this current report on Form 8-K.”

Thiago Santelmo was appointed as President - International at Restaurant Brands International Inc..

“has appointed Thiago Santelmo to succeed David Shear as President - International, of the Company”

Sami Siddiqui was appointed as Chief Financial Officer at Restaurant Brands International Inc..

“the Board has appointed Sami Siddiqui to succeed Matthew Dunnigan as Chief Financial Officer of the Company”
Earnings Releases

Restaurant Brands International Inc. reported financial results for full year and fourth quarter ended December 31, 2023.

“Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2023 Results”
Material Agreements

Restaurant Brands International Inc. entered into Supplemental Indentures with Wilmington Trust, National Association, as trustee and collateral agent valued at entered into supplemental indentures to join New Holdings, Intermediate Holdings and Existing Holdin (effective 2023-12-28).

“Also on December 28, 2023, the Parent Borrower, New Red, New Holdings, Intermediate Holdings, Existing Holdings, and Wilmington Trust, National Association, as trustee and collateral agent, entered into supplemental indentures (the “Supplemental Indentures”) in order to join New Holdings, Intermediate Holdings and Existing Holdings as guarantors under each of the Applicable Indentures (as defined below) and to designate New Holdings as the “issuer” solely for all purposes of the covenants under Sections 3.2 through 3.8, 3.19 and 3.20 of each of the Applicable Indentures.”
Material Agreements

Restaurant Brands International Inc. entered into Amendment No. 8 to the Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at entered into Amendment No. 8 to the Credit Agreement, dated as of October 27, 2014, as previously am (effective 2023-12-28).

“On December 28, 2023, 1011778 B.C. Unlimited Liability Company, an unlimited liability company organized under the laws of British Columbia (the “Parent Borrower”), 1013421 B.C. unlimited Liability Company (“Existing Holdings”), Restaurant Brands International Limited Partnership, a limited partnership organized under the laws of British Columbia (“New Holdings”) and 1013414 B.C. Unlimited Liability Company, an unlimited liability company organized under the laws of British Columbia (“Intermediate Holdings”) each a subsidiary of Restaurant Brands International Inc., a corporation organized under the laws of Canada (the “Company”), entered into Amendment No. 8 (the “Eighth Amendment”) to the Credit Agreement, dated as of October 27, 2014, as previously amended, (as amended, the “Credit Agreement”), by and among Borrowers, and New Red Finance, Inc., a Delaware corporation and a direct wholly owned subsidiary of the Parent Borrower (the “New Red” and, together with the Parent Borrower, th”
Earnings Releases

Restaurant Brands International Inc. reported the third quarter ended September 30, 2023 results: revenue $1,837, net income $364 million, EPS $0.79 per diluted share.

“comparable sales calculation. 2 Consolidated Financial Highlights Three Months Ended September 30, (in US$ millions, except per share data) 2023 2022 (Unaudited) Total Revenues $ 1,837 $ 1,726 Net Income $ 364 $ 530 Diluted Earnings per Share $ 0.79 $ 1.17 TH Adjusted EBITDA (1) $ 311 $ 305 BK Adjusted EBITDA (1) $ 298 $ 262 PLK Adjusted EBITDA (1) $ 75 $ 62 FHS”
Debt Financings

Restaurant Brands International Inc. amended term loan of increases the $5,163 million term loan B facility to a $5,175 million term loan B facility with JPMorgan Chase Bank, N.A. at SOFR plus 225 basis points maturing extends the maturity date from November 19, 2026 to September 21, 2030.

“The 2023 Amendment (1) increases the availability under the senior secured revolving credit facility (the "Revolving Credit Facility") from $1,000 million to $1,250 million and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR , (2) increases the existing $ 1,234 million term loan A facility to a $1,275 million term loan A facility (the "Term Loan A Facility") and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR, (3) increases the $5,163 million term loan B facility to a $5,175 million term loan B facility (the "Term Loan B Facility"), increases the interest rate on the Term Loan B Facility to SOFR plus 225 basis points, and extends the maturity date from November 19, 2026 to September 21, 2030”
Debt Financings

Restaurant Brands International Inc. amended term loan of increases the existing $1,234 million term loan A facility to a $1,275 million term loan A facility with JPMorgan Chase Bank, N.A. at leverage-based spread to adjusted SOFR (unchanged) maturing extends the maturity date from December 7, 2026 to September 21, 2028.

“The 2023 Amendment (1) increases the availability under the senior secured revolving credit facility (the "Revolving Credit Facility") from $1,000 million to $1,250 million and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR , (2) increases the existing $ 1,234 million term loan A facility to a $1,275 million term loan A facility (the "Term Loan A Facility") and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR, (3) increases the $5,163 million term loan B facility to a $5,175 million term loan B facility (the "Term Loan B Facility"), increases the interest rate on the Term Loan B Facility to SOFR plus 225 basis points, and extends the maturity date from November 19, 2026 to September 21, 2030”
Debt Financings

Restaurant Brands International Inc. amended credit facility of increases the availability under the senior secured revolving credit facility from $1,000 million to $1,250 million with JPMorgan Chase Bank, N.A. at leverage-based spread to adjusted SOFR (unchanged) maturing extends the maturity date from December 7, 2026 to September 21, 2028.

“The 2023 Amendment (1) increases the availability under the senior secured revolving credit facility (the "Revolving Credit Facility") from $1,000 million to $1,250 million and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR , (2) increases the existing $ 1,234 million term loan A facility to a $1,275 million term loan A facility (the "Term Loan A Facility") and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR, (3) increases the $5,163 million term loan B facility to a $5,175 million term loan B facility (the "Term Loan B Facility"), increases the interest rate on the Term Loan B Facility to SOFR plus 225 basis points, and extends the maturity date from November 19, 2026 to September 21, 2030”
Material Agreements

Restaurant Brands International Inc. amended Amendment No. 7 with lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-09-21).

“On September 21, 2023, 1011778 B.C. Unlimited Liability Company, an unlimited liability company organized under the laws of British Columbia (the “Parent Borrower”), and New Red Finance, Inc., a Delaware corporation and a direct wholly owned subsidiary of the Issuer (the “Subsidiary Borrower” and, together with the Parent Borrower, the “Borrowers”), each a subsidiary of Restaurant Brands International Inc., a corporation organized under the laws of Canada (the “Company”), entered into Amendment No. 7 (the “2023 Amendment”) to the Credit Agreement, dated as of October 27, 2014, as previously amended, (as amended, the “Credit Agreement”), by and among Borrowers, 1013421 B.C. Unlimited Liability Company, as holdings, the guarantors party thereto, the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent.”
Material Agreements

Restaurant Brands International Inc. entered into Forward Sale Agreement with HL1 17 LP valued at up to an aggregate of 7,136,149 Common Shares (effective 2023-08-16).

“the Selling Shareholder entered into a forward sale agreement (the “Forward Sale Agreement”) with the Forward Counterparty with respect to up to an aggregate of 7,136,149 Common Shares (the “Forward Shares”)”
Material Agreements

Restaurant Brands International Inc. entered into Underwriting Agreement with BofA Securities, Inc. valued at $68.75 per Common Share (effective 2023-08-16).

“On August 16, 2023, Restaurant Brands International Inc. (“RBI” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. as the underwriter (the “Underwriter”), HL1 17 LP (the “Selling Shareholder”), an affiliate of 3G Capital Partners Ltd. (“3G Capital”), as the selling shareholder, and BofA Securities, Inc. as the forward seller and forward purchaser”
Earnings Releases

Restaurant Brands International Inc. reported the second quarter ended June 30, 2023 results: net income $351 million, EPS $0.77.

“Net Income of $351 million versus $346 million in prior year”
Shareholder Votes

Restaurant Brands International Inc. shareholders rejected Consider a shareholder proposal to report on the Company's reduction of plastics use at the 2023-05-23 meeting.

“Proposal 8: Consider a shareholder proposal to report on the Company's reduction of plastics use: Number of Votes For Number of Votes Against Number of Votes Withheld Broker Non-Votes 141,863,130 243,149,518 3,664,655 6,330,227”
Shareholder Votes

Restaurant Brands International Inc. shareholders rejected Consider a shareholder proposal to report on the Company's business strategy in the face of labour market pressure at the 2023-05-23 meeting.

“Proposal 7: Consider a shareholder proposal to report on the Company's business strategy in the face of labour market pressure: Number of Votes For Number of Votes Against Number of Votes Withheld Broker Non-Votes 61,190,962 323,487,294 3,999,043 6,330,231”
Shareholder Votes

Restaurant Brands International Inc. shareholders rejected Consider a shareholder proposal regarding the Company's report on lobbying activities and expenditures at the 2023-05-23 meeting.

“Proposal 6: Consider a shareholder proposal regarding the Company's report on lobbying activities and expenditures: Number of Votes For Number of Votes Against Number of Votes Withheld Broker Non-Votes 95,061,901 289,985,711 3,629,689 6,330,229”
Shareholder Votes

Restaurant Brands International Inc. shareholders approved Approval of the 2023 Omnibus Incentive Plan at the 2023-05-23 meeting.

“Proposal 4: Approval of the 2023 Omnibus Incentive Plan: Number of Votes For Number of Votes Against Number of Votes Withheld Broker Non-Votes 362,771,736 25,758,905 146,669 6,330,220”
Shareholder Votes

Restaurant Brands International Inc. shareholders approved Appointment of KPMG LLP as the Company's auditors to serve until the close of the 2024 Annual Meeting of Shareholders and authorization of the Company's directors to fix the auditors' remuneration at the 2023-05-23 meeting.

“Proposal 3: Appointment of KPMG LLP as the Company's auditors to serve until the close of the 2024 Annual Meeting of Shareholders and authorization of the Company's directors to fix the auditors' remuneration: Number of Votes For Number of Votes Withheld Broker Non-Votes 375,987,782 19,019,747 1”
Shareholder Votes

Restaurant Brands International Inc. shareholders approved Approval, on a non-binding advisory basis, of the compensation paid by the Company to its named executive officers at the 2023-05-23 meeting.

“Proposal 2: Approval, on a non-binding advisory basis, of the compensation paid by the Company to its named executive officers: Number of Votes For Number of Votes Against Number of Votes Withheld Broker Non-Votes 289,628,220 98,927,166 121,918 6,330,226”
Shareholder Votes

Restaurant Brands International Inc. shareholders approved Election of the ten directors specifically named in the Proxy Statement, each to serve until the close of the 2024 Annual Meeting of Shareholders or until his or her successor is elected or appointed at the 2023-05-23 meeting.

“The voting results for each proposal are as follows: Proposal 1: Election of the ten (10) directors specifically named in the Proxy Statement, each to serve until the close of the 2024 Annual Meeting of Shareholders or until his or her successor is elected or appointed: Nominee Number of Votes For Number of Votes Against Number of Votes Abstain Broker Non-Votes Alexandre Behring 347,230,379 40,972,013 474,920 6,330,218 Maximilien de Limburg Stirum 387,134,845 1,377,607 164,857 6,330,221 J. Patrick Doyle 383,126,156 5,489,485 61,674 6,330,215 Cristina Farjallat 382,110,204 6,506,472 60,637 6,330,217 Jordana Fribourg 359,240,989 29,061,333 374,986 6,330,222 Ali Hedayat 367,434,373 20,763,016 479,919 6,330,222 Marc Lemann 359,883,054 28,316,775 477,479 6,330,222 Jason Melbourne 379,363,666 9,148,536 165,112 6,330,216 Daniel S. Schwartz 386,405,131 2,105,362 166,824 6,330,213 Thecla Sweeney 387,671,634 836,724 168,953 6,330,219”
Earnings Releases

Restaurant Brands International Inc. reported first quarter ended March 31, 2023 results: revenue $1,590, net income $277 million, EPS $0.61.

“Consolidated Financial Highlights Three Months Ended March 31, (in US$ millions, except per share data) 2023 2022 (Unaudited) Total Revenues $ 1,590 $ 1,451 Net Income $ 277 $ 270 Diluted Earnings per Share $ 0.61 $ 0.59”
Material Agreements

Restaurant Brands International Inc. entered into Underwriting Agreement with BofA Securities, Inc. (underwriter), HL1 17 LP (selling shareholder), BofA Securities, Inc. (forward seller/purchaser) (effective 2023-02-27).

“On February 27, 2023, Restaurant Brands International Inc. (“RBI” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. as the underwriter (the “Underwriter”), HL1 17 LP (the “Selling Shareholder”), an affiliate of 3G Capital Partners LP (“3G Capital”), as the selling shareholder, and BofA Securities, Inc. as the forward seller and forward purchaser (in both roles, the “Forward Counterparty”) relating to the sale of 2,213,851 common shares (the “Shares”) of RBI, no par value (the “Common Shares”) to the Underwriter (the “Offering”).”
Earnings Releases

Restaurant Brands International Inc. reported three and twelve months ended December 31, 2022 results: net income $1,482 million, EPS $3.25.

“Restaurant Brands International Inc. (“RBI”) (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the full year and fourth quarter ended December 31, 2022.”

Cristina Farjallat was appointed as Director at Restaurant Brands International Inc..

“appointed J. Patrick Doyle and Cristina Farjallat to the Board to fill the vacancies created by the resignations of Messrs. Golden and Prato”

J. Patrick Doyle was appointed as Executive Chair of the Board at Restaurant Brands International Inc..

“appointed J. Patrick Doyle and Cristina Farjallat to the Board to fill the vacancies created by the resignations of Messrs. Golden and Prato, and appointed Mr. Doyle as Executive Chair of the Board.”

John Prato resigned as Director at Restaurant Brands International Inc..

“was notified by each of Neil Golden and John Prato that each had decided to resign from the Board of Directors (the "Board") of RBI effective December 31, 2022.”

Neil Golden resigned as Director at Restaurant Brands International Inc..

“was notified by each of Neil Golden and John Prato that each had decided to resign from the Board of Directors (the "Board") of RBI effective December 31, 2022.”
Material Agreements

Restaurant Brands International Inc. entered into stock purchase agreement with Lodgepole 231 LLC valued at 500,000 common shares (effective 2022-11-15).

“On November 15, 2022, Restaurant Brands International Inc. (“RBI”) and Lodgepole 231 LLC, a Delaware limited liability company of which J. Patrick Doyle is the sole member, entered into a stock purchase agreement for the purchase of 500,000 common shares of RBI in a private placement at a price per share equal to the average closing price on the New York Stock Exchange for the five trading days preceding the agreement.”

J. Patrick Doyle was appointed as Executive Chairman at Restaurant Brands International Inc..

“On November 16, 2022, RBI announced that the Board of Directors of RBI appointed J. Patrick Doyle to become Executive Chairman of RBI.”
Earnings Releases

Restaurant Brands International Inc. reported three months ended September 30, 2022 results: revenue $1,726, net income $530, EPS $1.17.

“Consolidated Financial Highlights Three Months Ended September 30, (in US$ millions, except per share data) 2022 2021 (Unaudited) Total Revenues $ 1,726 $ 1,495 Net Income $ 530 $ 329 Diluted Earnings per Share $ 1.17 $ 0.70”

Thecla Sweeney was appointed as Director at Restaurant Brands International Inc..

“appointed Thecla Sweeney to the Board to fill the vacancy created by Mr. Sicupira’s resignation, effective January 1, 2022.”

Carlos Sicupira resigned as Director at Restaurant Brands International Inc..

“was notified by Carlos Sicupira on December 13, 2021 that he had decided to resign from the Board of Directors (the “Board”) of RBI effective December 31, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.