YUM FORM 8-K 05_01_2015


 
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 1, 2015

Commission file number 1-13163
________________________
YUM! BRANDS, INC.
 (Exact name of registrant as specified in its charter)


 
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))

 





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 1, 2015, 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
 
Michael J. Cavanagh
 
291,409,144
 
2,107,926
 
5,738,157
 
47,445,128
 
Greg Creed
 
292,102,605
 
1,438,721
 
5,713,901
 
47,445,128
 
David W. Dorman
 
285,910,517
 
7,609,260
 
5,735,450
 
47,445,128
 
Massimo Ferragamo
 
287,062,738
 
6,457,341
 
5,735,148
 
47,445,128
 
Mirian M. Graddick-Weir
 
289,883,116
 
3,622,609
 
5,749,502
 
47,445,128
 
Jonathan S. Linen
 
291,973,777
 
1,523,501
 
5,757,949
 
47,445,128
 
Thomas C. Nelson
 
292,486,569
 
1,014,036
 
5,754,622
 
47,445,128
 
David C. Novak
 
290,638,910
 
2,891,069
 
5,725,248
 
47,445,128
 
Thomas M. Ryan
 
286,940,062
 
6,573,245
 
5,741,920
 
47,445,128
 
Elane B. Stock
 
292,542,807
 
986,986
 
5,725,434
 
47,445,128
 
Jing-Shyh S. Su
 
291,513,883
 
1,987,277
 
5,754,067
 
47,445,128
 
Robert D. Walter
 
288,518,833
 
4,996,082
 
5,740,312
 
47,445,128
 
 
2.The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2015 was approved based upon the following votes:

Votes for approval
341,311,626
 
Votes against
2,237,431
 
Abstentions
3,151,298
 
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
195,492,138
 
Votes against
97,246,240
 
Abstentions
6,516,849
 
Broker non-votes
47,445,128
 

4.The shareholder proposal regarding a policy on accelerated vesting upon a change in control was not approved based upon the following votes:

Votes for approval
95,572,975
 
Votes against
201,174,858
 
Abstentions
2,507,394
 
Broker non-votes
47,445,128
 












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 5, 2015
 
/s/    John P. Daly
 
 
 
 
Vice President and
 
 
 
 
Associate General Counsel