Yum! Brands (YUM) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 15, 2025, to be held virtually for shareholder participation.

• Shareholders are invited to vote on key proposals, including director elections, auditor ratification, executive compensation, and several shareholder proposals.

Voting matters and shareholder proposals

• Election of 11 directors is on the agenda, with all nominees recommended for approval.

• Ratification of independent auditors is proposed and recommended for approval.

• Advisory vote on executive compensation (say-on-pay) is included and recommended for approval.

• Approval of the 2025 Long Term Incentive Plan is proposed and recommended for approval.

• Three shareholder proposals are up for vote: policy on use of medically important antimicrobials in food-producing animals, report on faith-based employee resource groups, and workplace safety policies and practices; all are recommended against by the board.

Board of directors and corporate governance

• Eleven director nominees are listed for election at the annual meeting.