Yum China Files 8-K/A for Director Changes & Compensation
Ticker: YUMC · Form: 8-K/A · Filed: 2024-09-23T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: YUMC
TL;DR
Yum China's board is shuffling, with a new director coming on board and exec pay getting tweaked.
AI Summary
Yum China Holdings, Inc. filed an 8-K/A on September 23, 2024, to amend a previous filing regarding the departure of a director, the election of a new director, and compensatory arrangements for certain officers. The amendment specifically addresses changes related to the company's board of directors and executive compensation, effective September 20, 2024.
Why It Matters
This filing provides updated information on the composition of Yum China's board of directors and details executive compensation adjustments, which can impact investor confidence and corporate governance.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing concerning director changes and compensation, which typically carries a low inherent risk.
Key Players & Entities
- Yum China Holdings, Inc. (company) — Registrant
- September 20, 2024 (date) — Effective date of changes
- September 23, 2024 (date) — Filing date of 8-K/A
FAQ
What specific items are being amended in this 8-K/A filing?
This 8-K/A amends previous disclosures concerning the departure of a director, the election of a new director, and compensatory arrangements for certain officers.
What is the effective date of the events reported in this filing?
The earliest event reported in this filing was effective as of September 20, 2024.
What is the filing date of this 8-K/A?
This 8-K/A was filed on September 23, 2024.
What is the principal executive office address for Yum China Holdings, Inc.?
The principal executive office is located at Yum China Building, 101 East Park Boulevard, Suite 805, Plano, Texas 75074, and also at 20 Tian Yao Qiao Road, Shanghai 200030, People's Republic of China.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This is a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 501 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-09-23 07:09:40
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share YUMC New York Stock Excha
Filing Documents
- yumc-20240920.htm (8-K/A) — 49KB
- 0000950170-24-108625.txt ( ) — 206KB
- yumc-20240920.xsd (EX-101.SCH) — 54KB
- yumc-20240920_htm.xml (XML) — 7KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 5, 2024, Yum China Holdings, Inc. ( the "Company") filed a Current Report on Form 8-K (the "Initial 8-K") with the Securities and Exchange Commission to report the appointment of Mikel A. Durham to the Company's board of directors (the "Board" ). As of the filing of the Initial 8-K, the Committee assignments for Ms. Durham had not been determined. The Initial 8-K is hereby amended solely to report that, on September 20, 2024, the Board appointed Ms. Durham to serve on the Audit Committee and the Compensation Committee of the Board, effective on that date. 2
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. YUM CHINA HOLDINGS, INC. By: /s/ Pingping Liu Name: Pingping Liu Title: Chief Legal Officer Date: September 23, 2024 3