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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 14, 2020
________________________
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 14, 2020, 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
 
217,889,657
 
1,485,208
 
324,737
 
36,398,316
 
Keith Barr
 
218,878,081
 
450,060
 
371,461
 
36,398,316
 
Michael J. Cavanagh
 
218,707,336
 
665,018
 
327,248
 
36,398,316
 
Christopher M. Connor
 
218,643,686
 
668,170
 
387,746
 
36,398,316
 
Brian C. Cornell
 
213,096,595
 
6,274,412
 
328,595
 
36,398,316
 
Tanya L. Domier
 
218,960,442
 
461,527
 
277,633
 
36,398,316
 
David W. Gibbs
 
218,846,890
 
534,039
 
318,673
 
36,398,316
 
Mirian M. Graddick-Weir
 
218,430,786
 
990,529
 
278,287
 
36,398,316
 
Thomas C. Nelson
 
212,818,110
 
6,554,728
 
326,764
 
36,398,316
 
P. Justin Skala
 
218,912,877
 
456,613
 
330,112
 
36,398,316
 
Elane B. Stock
 
218,968,482
 
439,765
 
291,355
 
36,398,316
 
Annie Young-Scrivner
 
218,929,098
 
485,370
 
285,134
 
36,398,316
 

2.The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2020 was approved based upon the following votes:
Votes for approval
247,431,510
 
Votes against
8,207,836
 
Abstentions
458,572
 
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
192,474,632
 
Votes against
25,638,444
 
Abstentions
1,586,526
 
Broker non-votes
36,398,316
 

4.The shareholder proposal regarding issuance of annual reports on efforts to reduce deforestation was not approved based upon the following votes:
Votes for approval
71,437,279
 
Votes against
143,224,832
 
Abstentions
5,037,491
 
Broker non-votes
36,398,316
 







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 19, 2020
 
/s/ John P. Daly
 
 
 
 
Chief Compliance Officer and
 
 
 
 
Associate General Counsel