[8-K] YUM BRANDS INC Reports Material Event

Rhea-AI Filing Summary

Yum! Brands, Inc. appointed Kathleen K. Oberg to its Board of Directors, effective April 1, 2026. She will stand for election by shareholders at the next Annual Meeting, meaning investors will have the opportunity to formally confirm her board role.

As a non-employee director, Ms. Oberg will receive a one-time stock grant with a fair market value of $25,000 on April 1, 2026 and a prorated portion of her annual stock retainer under the company’s standard director compensation program. The company states there is no arrangement or understanding with any other person under which she was selected.

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: $25,000 Effective appointment date: April 1, 2026 Filing date reference: March 26, 2026

3 metrics

One-time stock grant $25,000 Fair market value on April 1, 2026 for new non-employee director

Effective appointment date April 1, 2026 Date Kathleen K. Oberg joins Yum! Brands board

Filing date reference March 26, 2026 Board appointment decision date cited in disclosure

Key Terms

non-employee directors, Annual Meeting, stock grant, stock retainer

4 terms

non-employee directors financial

"Consistent with the Company's standard compensation arrangements for non-employee directors"

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

"she will stand for election to the Board by 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

"Ms. Oberg 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.

stock retainer financial

"and a prorated portion of her annual stock retainer"

FAQ

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

What did Yum! Brands (YUM) announce in this Form 8-K?

Yum! Brands announced the appointment of Kathleen K. Oberg to its Board of Directors, effective April 1, 2026. She will also stand for election by shareholders at the company’s next Annual Meeting under its normal corporate governance process.

When does Kathleen K. Oberg join the Yum! Brands (YUM) Board?

Kathleen K. Oberg’s appointment to the Yum! Brands Board becomes effective on April 1, 2026

How will Kathleen K. Oberg be compensated as a Yum! Brands (YUM) director?

Ms. Oberg will receive a one-time stock grant with a fair market value of $25,000 on April 1, 2026, plus a prorated portion of her annual stock retainer. These amounts follow Yum! Brands’ standard arrangements for non-employee directors.

Will Kathleen K. Oberg immediately serve on any Yum! Brands (YUM) board committees?

As of this filing, Yum! Brands states that Kathleen K. Oberg has not been appointed to any Board committee. Committee assignments, if any, would typically be determined later under the Board’s normal governance and oversight processes.

Was there any special arrangement leading to Kathleen K. Oberg’s selection at Yum! Brands (YUM)?

The company states there is no arrangement or understanding between Ms. Oberg and any other person under which she was selected as a director. This indicates her appointment followed Yum! Brands’ usual director nomination process.

Will Yum! Brands (YUM) shareholders vote on Kathleen K. Oberg’s board role?

Yes. Yum! Brands notes that Kathleen K. Oberg will stand for election to the Board at the company’s next Annual Meeting. This gives shareholders the chance to confirm or withhold support for her continued board service.

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

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Accepted by SEC EDGAR 04/01/2026 - 08:14 AM 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)

March 26, 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 March 26, 2026, the Board of Directors of Yum! Brands, Inc. (the “Company”) appointed Kathleen K. Oberg as a director. Her appointment is effective April 1, 2026, and she will stand for election to the Board by shareholders at the Company’s next Annual Meeting. As of the date of this filing, Ms. Oberg 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, Ms. Oberg will receive a one-time stock grant with a fair market value of $25,000 on April 1, 2026 and a prorated portion of her annual stock retainer. There is no arrangement or understanding between Ms. Oberg and any other person pursuant to which she 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:

April 1, 2026

/s/ Erika Burkhardt

Chief Legal Officer and Corporate Secretary

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.8 KB