News & Events

Results of Operations and Financial Condition On April 29, 2026, YUM! Brands, Inc. ( “ YUM ” ) issued a press release announcing financial results for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On March 26, 2026, the Board of Directors of Yum! Brands, Inc. (the “Company”) appointed Kathleen K. Oberg as a director. Her appointment is effective April 1, 2026, and she will stand for election to the Board by shareholders at the Company’s next Annual Meeting. As of the date of this filing, Ms. Oberg has not been appointed to a committee of…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 10, 2026, Keith Barr, a member of the Board of Directors (the “Board”) of Yum! Brands Inc. ("YUM" or the "Company") informed the Company that he will resign from the Board effective as of that date. Mr. Barr’s resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies, or pract…

Results of Operations and Financial Condition On February 4, 2026, Yum! Brands, Inc. issued a press release announcing financial results for the quarter and year ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1. Section 9 – Financial Statements and Exhibits

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As disclosed below, on May 15, 2025, the shareholders of YUM! Brands, Inc. (the “Company”) approved the adoption of the YUM! Brands, Inc. 2025 Long Term Incentive Plan (the “LTIP”) at the Company’s annual meeting of shareholders. The terms of the LTIP are set forth in the proxy statement, dated April 4, 2025, for the annual meeting of shareholders,…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 10, 2025, Mr. Sabir Sami, Chief Executive Officer of the KFC Division (“KFC”) of Yum! Brands, Inc. (the “Company”), informed the Company that he plans to resign as Chief Executive Officer of KFC on March 1, 2025. Following his resignation as the CEO of KFC, Mr. Sami will continue to provide advisory services to the Company through March 1…

Other Items On January 8, 2025, Yum! Brands Inc. terminated its franchise agreements with franchisee IS Gida A.S., the owner and operator of all KFC and Pizza Hut restaurants in Turkey and a subsidiary of IS Holding A.S. (IS Holding), after failure to meet Yum! Brands’ standards. The termination affects 283 KFC restaurants and 254 Pizza Hut restaurants in Turkey, and Yum! Brands expects the restaurants to close at least temporarily. Yum! Brands also re-acquired the master franchise rights in…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) YUM! Brands, Inc. (the “Company”) is filing this amendment to its Current Report on Form 8-K filed on July 19, 2023, which reported the appointment of Brett Biggs and Susan Doniz to the Company’s Board of Directors (the “Board”). At the time of their appointment, the Board had not appointed Mr. Biggs or Ms. Doniz to any of its standing committe…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On July 18, 2023, the Board of Directors of Yum! Brands, Inc. (the “Company”) appointed Brett Biggs and Susan Doniz as directors. Their appointment is effective August 10, 2023, 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. Biggs nor Ms. Doniz has b…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 27, 2023, Mr. Mark King, Chief Executive Officer of the Taco Bell Division (“Taco Bell”) of Yum! Brands, Inc. (the “Company”), informed the Company that he plans to retire as Chief Executive Officer of Taco Bell on December 31, 2023. Sean Tresvant, currently the Taco Bell Global Chief Brand and Strategy Officer, will become Chief Executive…

Other Events On January 18, 2023, Yum! Brands, Inc. announced a ransomware attack that impacted certain information technology systems. Promptly upon detection of the incident, the Company initiated response protocols, including deploying containment measures such as taking certain systems offline and implementing enhanced monitoring technology. The Company also initiated an investigation, engaged the services of industry-leading cybersecurity and forensics professionals, and notified Federal…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On December 22, 2022, Elane B. Stock submitted her resignation as a director of Yum! Brands, Inc. (the “Company”), which resignation was effective on that date. Ms. Stock’s resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. SIGNATURE Pursuant to the requirements o…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 17, 2021, Mr. Tony Lowings, Chief Executive Officer of the KFC Division (“KFC”) of Yum! Brands, Inc. (the “Company”), informed the Company that he plans to resign as Chief Executive Officer of KFC on December 31, 2021. Mr. Lowings will continue to report to David Gibbs, the Chief Executive Officer of the Company, in another capacity un…