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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)
September 8, 2025
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YUM! BRANDS, INC.
(Exact name of registrant as specified in its charter)
Commission file number 1-13163
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| North Carolina | | 13-3951308 | |
| (State or other jurisdiction of | | (I.R.S. Employer | |
| incorporation or organization) | | Identification No.) | |
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| 1441 Gardiner Lane, | Louisville, | Kentucky | | 40213 | |
| (Address of principal executive offices) | | (Zip Code) | |
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| Registrant’s telephone number, including area code: | (502) | 874-8300 | |
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| 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))
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| Securities registered pursuant to Section 12(b) of the Act | |
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| | 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. ☐
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 8, 2025, Yum Brands, Inc. (the “Company”) appointed Ranjith Roy as Chief Financial Officer, effective October 1, 2025. In this capacity, Mr. Roy will serve as the Company’s principal financial officer and will assume global responsibility for the Company’s finance operations. Mr. Roy, 45, has been the Company’s Chief Strategy Officer & Treasurer since May 2024, overseeing the strategy, mergers and acquisitions and treasury functions. Mr. Roy previously served as Chief Financial Officer of the ecommerce marketplace Goldbelly, Inc, beginning in May 2021. Prior to that, Mr. Roy spent a cumulative 15 years with The Goldman Sachs Group, Inc., in increasingly senior roles leading investment banking relationships for restaurants, food companies and food tech businesses.
In connection with Mr. Roy’s election as the Company’s Chief Financial Officer, the Company provided Mr. Roy with an offer letter, pursuant to which Mr. Roy will receive an annual base salary of $700,000 and an annual cash bonus with a target value equal to 100% of his base salary and a maximum value equal to three times his target bonus. The actual cash bonus payout will be based on achievement of certain team and individual performance factors and, for 2025, will be prorated for the portion of the year during which he serves as CFO. Mr. Roy’s annual long term equity award for 2026 is expected to have an aggregate grant date fair value of $1,500,000, consisting of stock appreciation rights (25%), restricted stock units (25%) and performance share units (50%) covering the 2026-2028 performance period. Mr. Roy may participate in the Company’s Executive Income Deferral Program, as well as the Company’s other healthcare, retirement and vacation benefit plans and programs in accordance with the terms of such plans. There is no arrangement or understanding between Mr. Roy and any other person pursuant to which Mr. Roy was appointed.
A copy of the press release announcing the above is attached as exhibit 99.1
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| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
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| 99.1 | Press release dated September 9, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
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| | | | YUM! BRANDS, INC. | |
| | | | (Registrant) | |
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| Date: | September 9, 2025 | | /s/ Erika Burkhardt | |
| | | | Chief Legal Officer and
Corporate Secretary | |
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