Yum China Holdings, Inc. (NYSE:YUMC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
|
Submission of Matters to a Vote of Security Holders. |
Yum China Holdings, Inc. (the Company) held its 2017 annual
meeting of stockholders at 8:30 a.m. local time on April 28, 2017
at the Mandarin Oriental Hong Kong, 5 Connaught Road, Central,
Hong Kong (the Annual Meeting).A total of 321,345,675 shares, or
83.6% of the Companys outstanding common stock, were present in
person or represented by proxy at the Annual Meeting,
constituting a quorum.At the Annual Meeting, the Companys
stockholders: (i) elected the three Class I director nominees
listed below to serve until the 2019 annual meeting of the
Companys stockholders; (ii) ratified the appointment of KPMG
Huazhen LLP as the Companys independent auditor for 2017; (iii)
approved, on an advisory basis, the Companys named executive
officer compensation; and (iv) approved, on an advisory basis, a
frequency of every one year for the advisory vote to approve the
Companys named executive officer compensation.
Set forth below are the voting results for each of the proposals
presented at the Annual Meeting:
|
Proposal 1: |
The election of three Class I director nominees to serve |
|
Director Name |
For |
Against |
Abstain |
Broker Non-Votes |
||||
|
Peter A. Bassi |
263,055,856 |
10,043,546 |
326,376 |
47,919,897 |
||||
|
Ed Yiu-Cheong Chan |
235,148,330 |
37,943,949 |
333,499 |
47,919,897 |
||||
|
Edouard Ettedgui |
262,954,265 |
10,125,516 |
345,997 |
47,919,897 |
|
Proposal 2: |
The ratification of the appointment of KPMG Huazhen LLP |
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
318,788,270 |
2,031,052 |
526,353 |
|
Proposal 3: |
An advisory vote to approve the Companys named executive |
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
261,220,451 |
10,608,154 |
1,597,173 |
47,919,897 |
|
Proposal 4: |
An advisory vote to approve the frequency of the advisory |
|
1 Year |
2 Years |
3 Years |
Abstain |
Broker Non-Votes |
||||
|
252,438,382 |
983,448 |
19,451,398 |
552,550 |
47,919,897 |
Consistent with the voting results for Proposal 4, the Company
decided to conduct future advisory votes on the Companys named
executive officer compensation once every year until the next
required advisory vote on the frequency of the advisory vote on
the Companys named executive officer compensation.
About Yum China Holdings, Inc. (NYSE:YUMC)
Yum China Holdings, Inc. is a restaurant company with approximately 7,200 restaurants. The Company’s restaurant base consists of restaurant brands, including KFC, Pizza Hut Casual Dining, Pizza Hut Home Service, East Dawning and Little Sheep. The Company’s segments are KFC, Pizza Hut Casual Dining and All Other Segments, which include Pizza Hut Home Service, East Dawning and Little Sheep. KFC is the Quick-Service Restaurant (QSR) brand in China. In addition to original recipe chicken, KFC in China has a menu featuring pork, beef, seafood, rice dishes, fresh vegetables, soups, breakfast, desserts, and many other products, including coffee. Pizza Hut Casual Dining is the Casual Dining Restaurant (CDR) brand. Little Sheep is a casual-dining brand. Little Sheep specializes in Hot Pot cooking. East Dawning is a Chinese food quick-service restaurant brand, primarily located in coastal cities. As of December 31, 2015, KFC operates over 5,000 restaurants in over 1,100 cities across China. Yum China Holdings, Inc. (NYSE:YUMC) Recent Trading Information
Yum China Holdings, Inc. (NYSE:YUMC) closed its last trading session up +0.45 at 34.57 with 1,434,021 shares trading hands.
