YUM! Brands Inc.

05/20/2022 | Press release | Distributed by Public on 05/20/2022 12:30

Submission of Matters to a Vote of Security Holders - Form 8-K

yum-20220519

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

May 19, 2022
________________________
YUM! BRANDS, INC.
(Exact name of registrant as specified in its charter)

Commission file number 1-13163

North Carolina 13-3951308
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1441 Gardiner Lane, Louisville, Kentucky 40213
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (502) 874-8300
Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act
Title of Each Class Trading Symbol Name of Each Exchange on Which Registered
Common Stock, no par value YUM New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.07 Submission of Matters to a Vote of Security Holders.
The following is a brief description of each matter voted upon at YUM! Brands, Inc. (the "Company") Annual Meeting of Shareholders held on May 19, 2022, as well as the number of votes cast for or against each matter and the number of abstentions and broker non-votes with respect to each matter.

1.The election of the following directors, who will serve until their respective successors are elected and qualified or until their earlier death or resignation:
Director For Against Abstain Broker non-votes
Paget L. Alves 213,231,908 1,724,536 339,601 27,901,373
Keith Barr 208,690,761 6,259,857 345,427 27,901,373
Christopher M. Connor 200,847,888 14,108,475 339,682 27,901,373
Brian C. Cornell 201,655,519 13,303,132 337,394 27,901,373
Tanya L. Domier 213,870,478 1,117,585 307,982 27,901,373
David W. Gibbs 214,348,493 613,897 333,655 27,901,373
Mirian M. Graddick-Weir 207,876,390 7,100,438 319,217 27,901,373
Lauren R. Hobart 213,839,116 1,148,44 308,483 27,901,373
Thomas C. Nelson 206,800,625 8,155,756 339,664 27,901,373
P. Justin Skala 213,867,715 1,629,444 342,025 27,901,373
Elane B. Stock 213,869,062 1,113,103 259,448 27,901,373
Annie Young-Scrivner 213,824,085 1,175,528 296,432 28,768,545

2.The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2022 was approved based upon the following votes:
Votes for approval 234,518,534
Votes against 8,313,620
Abstentions 365,264
There were no broker non-votes for this item.

3.The proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers was approved based upon the following votes:
Votes for approval 111,651,320
Votes against 102,350,846
Abstentions 1,293,879
Broker non-votes 27,901,373




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


YUM! BRANDS, INC.
(Registrant)



Date: May 20, 2022 /s/ Erika Burkhardt
Vice President and Associate General Counsel