YUM! BRANDS, INC. (NYSE:YUM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
(d)On November 16, 2017, the Board of Directors of Yum! Brands, Inc. (the “Company”) appointed TanyaL.Domier as a director. The appointment is effective as of January1, 2018, and she will stand for election to the Board by shareholders at the Company’s next Annual Meeting. As of this filing, Ms. Domier has not 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, Ms. Domier will receive a one-time stock grant with a fair market value of $25,000 on January2, 2018 and a prorated portion of her annual stock retainer. There is no arrangement or understanding between Ms. Domier or any other person to which she was selected as a director.
About YUM! BRANDS, INC. (NYSE:YUM)
YUM! Brands, Inc. (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM’s segments include The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept. As of September 3, 2016, the Company had approximately 43,000 restaurants in 135 countries and territories, through the concepts of KFC, Pizza Hut and Taco Bell. The Company’s concepts are focused on the chicken, pizza and Mexican-style food categories, respectively.