secwatch / observer

Restaurant Brands International Limited Partnership — fact timeline

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

RSTRF Restaurant Brands International Limited Partnership JSON
Shareholder Votes

Restaurant Brands International Limited Partnership shareholders approved 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 Limited Partnership shareholders approved 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 Limited Partnership shareholders approved Election of ten directors named in the Proxy Statement at the 2026-06-03 meeting.

“On June 3, 2026, Restaurant Brands International Inc. (the “ Company ”) held its 2026 Annual Meeting of Shareholders (the “ Meeting ”). At the Meeting, the Company’s shareholders: (i) elected the ten (10) directors specifically named in the Company’s management information circular and proxy statement (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”
Earnings Releases

Restaurant Brands International Limited Partnership reported first quarter ended March 31, 2026 results: revenue $2,264, net income $445, EPS $0.97. Guidance reaffirmed.

“Sales (a) $ 11,510 $ 10,496 Comparable Sales 3.2 % 0.1 % Net Restaurant Growth 2.6 % 3.3 % System Restaurant Count at Period End 32,985 32,149 GAAP Financials Total Revenues $ 2,264 $ 2,109 Income from Operations $ 606 $ 435 Income from Operations Growth 39.3 % (20.0) % Net Income from Continuing Operations $ 445 $ 223 Diluted Earnings per Share from”
Restructurings & Charges

Restaurant Brands International Limited Partnership 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 Limited Partnership incurred term loan of $5,912 million term loan B facility with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

“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 Limited Partnership amended 2024 Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $5,912 million term loan B facility (effective 2024-05-16).

“On May 16, 2024, 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 Parent Borrower (the “Subsidiary Borrower” and, together with the Parent Borrower, the “Borrowers”) and Restaurant Brands International Limited Partnership, a limited partnership organized under the laws of British Columbia (“Holdings”), each a subsidiary of Restaurant Brands International Inc., a corporation organized under the laws of Canada (the “Company”), entered into Incremental Facility Amendment No. 6 and Amendment No. 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 Limited Partnership reported three months ended March 31, 2024 results: revenue $1,739, net income $328, EPS $0.72.

“13,639 Consolidated 31,113 29,956 2 Consolidated Financial Highlights Three Months Ended March 31, (in US$ millions, except per share data) 2024 2023 (Unaudited) Total Revenues $ 1,739 $ 1,590 Income from Operations $ 544 $ 447 Net Income $ 328 $ 277 Diluted Earnings per Share $ 0.72 $ 0.61 TH $ 224 $ 212 BK $ 106 $ 96 PLK $ 58 $ 51 FHS $ 10 $ 9 INTL $ 142 $ 137”

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

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

Matthew Dunnigan was terminated as Chief Financial Officer at Restaurant Brands International Limited Partnership.

“The final terms of Mr. Dunnigan’s separation from the Company and termination of his employment have been agreed as April 9, 2024.”

David Shear departed as advisor to the International business segment at Restaurant Brands International Limited Partnership.

“The Company has also entered into a separation agreement with Mr. Shear pursuant to which Mr. Shear will separate from the company effective March 1, 2025”

David Shear changed role as advisor to the International business segment at Restaurant Brands International Limited Partnership.

“Mr. Shear will transition to serving as an advisor to the International business segment through March 1, 2025.”

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

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

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

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

Restaurant Brands International Limited Partnership reported financial results for the 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 Limited Partnership amended Supplemental Indentures with Parent Borrower, New Red, New Holdings, Intermediate Holdings, Existing Holdings, and Wilmington Trust, National Association, as trustee and collateral agent (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”
Material Agreements

Restaurant Brands International Limited Partnership amended Eighth Amendment with 1011778 B.C. Unlimited Liability Company, 1013421 B.C. Unlimited Liability Company, Restaurant Brands International Limited Partnership, 1013414 B.C. Unlimited Liability Company, New Red Finance, Inc., and JPMorgan Chase Bank, N.A. (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 Limited Partnership reported the third quarter ended September 30, 2023 results: revenue $ 1,837, net income $ 364, EPS $ 0.79.

“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 Limited Partnership amended term loan of $5,163 million to $5,175 million with JPMorgan Chase Bank, N.A. at SOFR plus 225 basis points maturing November 19, 2026 to September 21, 2030.

“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 Limited Partnership amended revolving credit of $1,000 million to $1,250 million with JPMorgan Chase Bank, N.A. at leverage-based spread to adjusted SOFR, unchanged maturing 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”
Material Agreements

Restaurant Brands International Limited Partnership amended Amendment No. 7 with 1013421 B.C. Unlimited Liability Company, as holdings, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-09-21).

“holly 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.”
Material Agreements

Restaurant Brands International Limited Partnership entered into "Forward Sale Agreement" with BofA Securities, Inc. valued at up to an aggregate of 7,136,149 Common Shares (effective 2023-08-16).

“In connection with the Offering, 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 Limited Partnership 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 (in both roles, the “Forward Counterparty”) relating to the sale of up to 7,136,149 common shares (the “Shares”) of RBI, no par value (the “Common Shares”) to the Underwriter (the “Offering”).”
Earnings Releases

Restaurant Brands International Limited Partnership reported the second quarter ended June 30, 2023 results: revenue $1,775, net income $351, EPS $0.77.

“comparable sales calculation. 2 Consolidated Financial Highlights Three Months Ended June 30, (in US$ millions, except per share data) 2023 2022 (Unaudited) Total Revenues $ 1,775 $ 1,639 Net Income $ 351 $ 346 Diluted Earnings per Share $ 0.77 $ 0.76 TH Adjusted EBITDA (1) $ 290 $ 274 BK Adjusted EBITDA (1) $ 288 $ 270 PLK Adjusted EBITDA (1) $ 73 $ 61 FHS”
Shareholder Votes

Restaurant Brands International Limited Partnership 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 Limited Partnership 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 Limited Partnership 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 Limited Partnership shareholders rejected Consider a shareholder proposal regarding the annual glidepath ESG disclosure. at the 2023-05-23 meeting.

“Proposal 5: Consider a shareholder proposal regarding the annual glidepath ESG disclosure: Number of Votes For Number of Votes Against Number of Votes Withheld Broker Non-Votes 12,042,855 376,387,904 246,543 6,330,228”
Shareholder Votes

Restaurant Brands International Limited Partnership 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 Limited Partnership 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 Limited Partnership 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 Limited Partnership 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.

“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 Limited Partnership reported the first quarter ended March 31, 2023 results: revenue $ 1,590, net income $277 million, EPS $0.61.

“comparable sales calculation. 2 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 TH Adjusted EBITDA (1) $ 251 $ 231 BK Adjusted EBITDA (1) $ 256 $ 229 PLK Adjusted EBITDA (1) $ 66 $ 56 FHS”
Material Agreements

Restaurant Brands International Limited Partnership entered into Underwriting Agreement with BofA Securities, Inc., HL1 17 LP, and BofA Securities, Inc. as forward seller and forward purchaser valued at $63.99 per Common Share (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 Limited Partnership reported full year and fourth quarter ended December 31, 2022 results: net income $1,482 million, EPS $3.25.

“Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2022 Results”

Joshua Kobza was appointed as Chief Executive Officer at Restaurant Brands International Limited Partnership.

“the Board of Directors (the “Board”) has appointed Joshua Kobza to succeed José E. Cil as Chief Executive Officer of the Company, effective March 1, 2023”

José E. Cil changed role as Advisor at Restaurant Brands International Limited Partnership.

“Mr. Cil will transition to become an advisor for a period of one year, commencing as of such date.”

Cristina Farjallat was appointed as Director at Restaurant Brands International Limited Partnership.

“Effective January 2, 2023, the Board, on recommendation of the Nominating and Corporate Governance Committee (the “NCG Committee”), 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.”

J. Patrick Doyle was appointed as Executive Chair at Restaurant Brands International Limited Partnership.

“Effective January 2, 2023, the Board, on recommendation of the Nominating and Corporate Governance Committee (the “NCG Committee”), 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 Limited Partnership.

“On December 31, 2022, Restaurant Brands International Inc. (“RBI”), 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 Limited Partnership.

“On December 31, 2022, Restaurant Brands International Inc. (“RBI”), 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 Limited Partnership entered into stock purchase agreement with J. Patrick Doyle and 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 Limited Partnership.

“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 Limited Partnership reported three months ended September 30, 2022 results: net income $ 530, EPS $ 1.17.

“Restaurant Brands International Inc. Reports Third Quarter 2022 Results”

Thecla Sweeney was appointed as Director at Restaurant Brands International Limited Partnership.

“On December 13, 2021, the Board of Directors (the “Board”) of RBI, on recommendation of the Nominating and Corporate Governance Committee (the “NCG Committee”), 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 Limited Partnership.

“Restaurant Brands International Inc. (“RBI”), 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.