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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)
January 12, 2020
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YUM! BRANDS, INC.
(Exact name of registrant as specified in its charter)
Commission file number 1-13163
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| | North Carolina | | 13-3951308 | |
| | (State or other jurisdiction of | | (I.R.S. Employer | |
| | incorporation or organization) | | Identification No.) | |
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| | 1441 Gardiner Lane, | Louisville, | Kentucky | | 40213 | |
| | (Address of principal executive offices) | | (Zip Code) | |
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| | Registrant’s telephone number, including area code: | (502) | 874-8300 | |
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| | 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))
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| | Securities registered pursuant to Section 12(b) of the Act | |
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| | 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. ☐
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On January 12, 2020, the Board of Directors of Yum! Brands, Inc. (the “Company”) appointed Keith Barr and Annie Young-Scrivner as directors. Their appointment is effective January 24, 2020, and each will stand for election to the Board by shareholders at the Company’s next Annual Meeting. As of the date of this filing, neither Mr. Barr nor Ms. Young-Scrivner has been appointed to a committee of the Board. Consistent with the Company's standard compensation arrangements for non-employee directors, which are described in the Company's most recent proxy statement, Mr. Barr and Ms. Young-Scrivner will each receive a one-time stock grant with a fair market value of $25,000 on January 24, 2020 and a prorated portion of their annual stock retainer. There is no arrangement or understanding between Mr. Barr or Ms. Young-Scrivner or any other person pursuant to which they were selected as a director.
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.
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| | | | YUM! BRANDS, INC. | |
| | | | (Registrant) | |
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| Date: | January 13, 2020 | | /s/ Scott Catlett | |
| | | | General Counsel and Corporate Secretary | |
