Here are the DEF 14A proxy statements from McDonald's Corporation (MCD) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow MCD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MCD filings page.
McDonald’s Corporation is asking shareholders to vote at its virtual 2026 Annual Shareholders’ Meeting on electing 12 directors, approving executive pay on an advisory basis, ratifying Ernst & Young as 2026 auditor, and considering two shareholder proposals if presented.
The proxy highlights the Accelerating the Arches growth strategy, with 2025 systemwide sales of nearly $140 billion, up 5.5% in constant currency, and nearly 210 million 90‑day active loyalty app users across 70 markets. The company operates over 45,000 restaurants and emphasizes technology platforms, digital engagement, and new restaurant development.
Governance discussions describe a majority‑independent board, a combined Chairman/CEO role held by Chris Kempczinski, and Miles White as Lead Independent Director with clearly defined oversight responsibilities. The board reports significant refreshment in recent years, including adding James Farley Jr. and reconfiguring committees.
The compensation program is portrayed as strongly performance-based. For 2025, named executives’ short‑term incentive payouts were funded at 76.4% of target based on operating income, systemwide sales and other metrics. Performance‑based RSUs that vested in early 2026 paid out at 82.2%, reflecting above‑target ROIC but below‑target EPS growth and relative TSR.