Yum! Brands Enters Material Definitive Agreement
Ticker: YUM · Form: 8-K · Filed: 2024-04-26T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: YUM
TL;DR
YUM inked a new deal, could mean big $$$.
AI Summary
On April 26, 2024, Yum! Brands, Inc. filed an 8-K report detailing a material definitive agreement. The filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the agreement and financial obligations were not fully disclosed in the provided text, but the filing is categorized under 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation'.
Why It Matters
This filing signals a significant new contract or financial commitment for Yum! Brands, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and potential financial obligations, which inherently carry some level of risk until more details are disclosed.
Key Players & Entities
- YUM! BRANDS, INC. (company) — Registrant
- 0001104659-24-053083 (document_id) — Accession Number
- April 26, 2024 (date) — Date of Report
- 1-13163 (company_id) — Commission file number
- North Carolina (jurisdiction) — State of incorporation
- 13-3951308 (tax_id) — I.R.S. Employer Identification Number
FAQ
What is the nature of the material definitive agreement entered into by Yum! Brands, Inc.?
The provided text states that Yum! Brands, Inc. entered into a 'Material Definitive Agreement' on April 26, 2024, but does not specify the details of the agreement.
What type of financial obligation is indicated in the filing?
The filing indicates the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
When was this 8-K report filed?
This 8-K report was filed on April 26, 2024.
What is Yum! Brands, Inc.'s commission file number?
Yum! Brands, Inc.'s commission file number is 1-13163.
In which state is Yum! Brands, Inc. incorporated?
Yum! Brands, Inc. is incorporated in North Carolina.
From the Filing
0001104659-24-053083.txt : 20240426 0001104659-24-053083.hdr.sgml : 20240426 20240426171035 ACCESSION NUMBER: 0001104659-24-053083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240426 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13163 FILM NUMBER: 24885176 BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 8-K 1 tm2412499d1_8k.htm FORM 8-K false 0001041061 0001041061 2024-04-26 2024-04-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       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) April 26, 2024   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))   Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, no par value YUM New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   ¨ Emerging growth company   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨           Item 1.01 Entry into a Material Definitive Agreement.   On April 26, 2024, Pizza Hut Holdings, LLC, KFC Holding Co. and Taco Bell of America, LLC (collectively, the “Borrowers”), each a wholly owned subsidiary of YUM! Brands, Inc. (