Yum Brands adds Steve Bratspies to board

YUM BRANDS INC (ticker YUM) reports that its Board of Directors appointed Steve Bratspies as a director on August 20, 2026.

Rhea-AI Filing Summary

YUM BRANDS INC (ticker YUM) reports that its Board of Directors appointed Steve Bratspies as a director on August 20, 2026. His appointment becomes effective August 26, 2026, and he will stand for election by shareholders at the next Annual Meeting. As of this report, he has not been assigned to any Board committee. Consistent with Yum! Brands’ standard compensation program for non-employee directors, he will receive a one-time stock grant with a fair market value of $25,000 on August 27, 2026, plus a prorated portion of his annual stock retainer. The company states there is no arrangement or understanding with any other person pursuant to which he was selected as a director.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

One-time stock grant fair market value: $25,000 Appointment date: August 20, 2026 Effective date of appointment: August 26, 2026 +1 more

4 metrics

One-time stock grant fair market value $25,000 Stock grant to Steve Bratspies on August 27, 2026 under non-employee director compensation

Appointment date August 20, 2026 Date the Board of Yum! Brands appointed Steve Bratspies as a director

Effective date of appointment August 26, 2026 Date Steve Bratspies’ appointment as director becomes effective

Stock grant date August 27, 2026 Date of one-time $25,000 stock grant to Steve Bratspies

Key Terms

non-employee directors, Annual Meeting, stock grant

3 terms

non-employee directors financial

"standard compensation arrangements for non-employee directors, which are described"

Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.

Annual Meeting regulatory

"he will stand for election to the Board of shareholders at the Company's next Annual Meeting"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

stock grant financial

"will receive a one-time stock grant with a fair market value of $25,000"

A stock grant is an award of company shares given to an individual, often as part of compensation for employees or executives. It matters to investors because grants can change the number of shares outstanding (dilution) and signal how company leaders are being paid and motivated—think of it like receiving a slice of the company as part of your paycheck, which can affect ownership and future share supply.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did YUM (Yum! Brands, Inc.) announce on August 20, 2026?

Yum! Brands announced that Steve Bratspies was appointed to its Board of Directors on August 20, 2026, with the appointment effective August 26, 2026. He will stand for election to the Board at the company’s next Annual Meeting of shareholders.

When does Steve Bratspies’ appointment to YUM’s Board become effective?

Steve Bratspies’ appointment to Yum! Brands’ Board of Directors becomes effective on August 26, 2026. The company also states he will stand for election by shareholders at the next Annual Meeting following this effective date.

What compensation will Steve Bratspies receive as a new non-employee director of YUM?

Steve Bratspies will receive a one-time stock grant with a fair market value of $25,000 on August 27, 2026, plus a prorated portion of his annual stock retainer. These terms follow Yum! Brands’ standard compensation arrangements for non-employee directors.

Will Steve Bratspies initially serve on any YUM Board committees?

As of this report, Steve Bratspies has not been appointed to any committee of Yum! Brands’ Board of Directors. The company only discloses his appointment as a director and his compensation terms as a non-employee director.

Is there any special arrangement behind Steve Bratspies’ selection to YUM’s Board?

The company states that there is no arrangement or understanding between Steve Bratspies and any other person pursuant to which he was selected as a director. His appointment is described without reference to any such agreements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/21/2026 - 10:19 AM EDT Accepted by SEC EDGAR 08/21/2026 - 10:19 AM EDT Learn about SEC filing dates

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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)

August 20, 2026

________________________

YUM! BRANDS, INC.

(Exact name of registrant as specified in its charter)

Commission File Number 1-13163

North Carolina

13-3951308

(State or other jurisdiction of

(I.R.S. Employer

incorporation)

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))

Securities registered pursuant to Section 12(b) of the Act

Title of Each Class

Trading Symbol(s)

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

d) On August 20, 2026, the Board of Directors of Yum! Brands, Inc. (the "Company") appointed Steve Bratspies as a director. His appointment is effective August 26, 2026, and he will stand for election to the Board of shareholders at the Company's next Annual Meeting. As of the date of this filing, Mr. Bratspies has not been appointed to a committee of the Board. Consistent with the Company's standard compensation arrangements for non-employee directors, which are described in the Company's most recent proxy statement, Mr. Bratspies will receive a one-time stock grant with a fair market value of $25,000 on August 27, 2026 and a prorated portion of his annual stock retainer. There is no arrangement or understanding between Mr. Bratspies and any other person pursuant to which he was selected as a director.

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:

August 21, 2026

/s/ Erika Burkhardt

Chief Legal Officer and Corporate Secretary

Filing Exhibits & Attachments

3 documents

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• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.8 KB