McDonald's Board and Executive Compensation Updates
Ticker: MCD · Form: 8-K · Filed: Mar 13, 2024 · CIK: 63908
| Field | Detail |
|---|---|
| Company | Mcdonalds Corp (MCD) |
| Form Type | 8-K |
| Filed Date | Mar 13, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: MCD
TL;DR
McDonald's board shake-up and exec pay changes filed.
AI Summary
McDonald's Corporation announced on March 8, 2024, changes in its board of directors and executive compensation. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- March 8, 2024 — Date of Report (Earliest event reported)
Key Players & Entities
- McDonald's Corporation (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- 110 North Carpenter Street Chicago, Illinois 60607 (address) — Principal Executive Offices
FAQ
What specific roles have seen departures or appointments?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the exact roles in this excerpt.
When was the earliest event reported in this 8-K?
The earliest event reported is dated March 8, 2024.
What is McDonald's primary business classification?
McDonald's is classified under 'RETAIL-EATING PLACES [5812]'.
Where are McDonald's principal executive offices located?
McDonald's principal executive offices are located at 110 North Carpenter Street, Chicago, Illinois 60607.
What is the IRS Employer Identification Number for McDonald's Corporation?
The IRS Employer Identification Number for McDonald's Corporation is 36-2361282.
Filing Stats: 436 words · 2 min read · ~1 pages · Grade level 13.3 · Accepted 2024-03-13 14:24:36
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value MCD New York Stock Exchange
Filing Documents
- dp208337_8k.htm (8-K) — 25KB
- 0000950103-24-003769.txt ( ) — 191KB
- mcd-20240308.xsd (EX-101.SCH) — 3KB
- mcd-20240308_lab.xml (EX-101.LAB) — 33KB
- mcd-20240308_pre.xml (EX-101.PRE) — 22KB
- dp208337_8k_htm.xml (XML) — 3KB
02. Departure of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On March 8, 2024, Catherine A. Hoovel notified McDonald's Corporation (the "Company") of her intention to retire from the Company as Senior Vice President – Corporate Controller, the Company's Principal Accounting Officer, effective October 1, 2024. This retirement is not a result of any disagreement with the Company on any matter relating to its operations, policies, or practices.
SIGNATURES
SIGNATURES 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. McDONALD'S CORPORATION (Registrant) Date: March 13, 2024 By: /s/ Jeffrey J. Pochowicz Jeffrey J. Pochowicz Vice President – Associate General Counsel and Assistant Secretary