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Section 1: 8-K (YUM BRANDS, INC. FORM 8-K)

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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 16, 2019
____________________
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 16, 2019, 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
 
216,165,888
 
495,626
 
353,199
 
42,482,112
 
Michael J. Cavanagh
 
214,484,118
 
2,192,959
 
337,636
 
42,482,112
 
Christopher M. Connor
 
216,123,053
 
536,135
 
355,525
 
42,482,112
 
Brian C. Cornell
 
207,983,143
 
8,694,423
 
337,147
 
42,482,112
 
Greg Creed
 
216,172,128
 
497,272
 
345,313
 
42,482,112
 
Tanya L. Domier
 
216,224,599
 
481,166
 
308,948
 
42,482,112
 
Mirian M. Graddick-Weir
 
214,840,582
 
1,853,869
 
320,262
 
42,482,112
 
Thomas C. Nelson
 
209,615,871
 
7,047,284
 
351,558
 
42,482,112
 
P. Justin Skala
 
216,228,331
 
426,179
 
360,203
 
42,482,112
 
Elane B. Stock
 
216,277,723
 
424,216
 
312,774
 
42,482,112
 
Robert D. Walter
 
212,724,763
 
3,934,467
 
355,483
 
42,482,112
 

2.The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2019 was approved based upon the following votes:
Votes for approval
252,533,930
 
Votes against
6,495,233
 
Abstentions
467,662
 
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
207,235,764
 
Votes against
8,379,216
 
Abstentions
1,399,733
 
Broker non-votes
42,482,112
 

4.The shareholder proposal regarding issuance of a report on renewable energy was withdrawn by the proponent and consequently not presented at the annual meeting.

5.The shareholder proposal regarding issuance of annual reports on efforts to reduce deforestation was not approved based upon the following votes:
Votes for approval
67,846,706
 
Votes against
143,830,242
 
Abstentions
5,337,765
 
Broker non-votes
42,482,112








6.The shareholder proposal regarding issuance of a report on sustainable packaging was not approved based upon the following votes:

Votes for approval
71,108,861
 
Votes against
140,619,431
 
Abstentions
5,286,421
 
Broker non-votes
42,482,112
 



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 21, 2019
 
/s/ John P. Daly
 
 
 
 
Vice President and
 
 
 
 
Associate General Counsel
 
 
 
 
 
 



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