McDonald’s (MCD) Proxy filing summary

Executive summary

• Celebrated 70th anniversary in 2025, emphasizing adaptability and the Accelerating the Arches growth strategy, with a goal of 50,000 restaurants by end of 2027.

• Achieved 12% global comparable sales growth since 2022 and systemwide sales of nearly $140 billion in 2025, up 5.5% in constant currency.

• Focused on value, menu innovation, digital engagement, and operational excellence, with a target of 250 million loyalty app users by 2027.

• Board and management stress strong governance, succession planning, and ongoing board refreshment to ensure diverse skills and perspectives.

Voting matters and shareholder proposals

• Shareholders will vote on: election of 12 directors, advisory approval of executive compensation, ratification of Ernst & Young LLP as auditor, and two shareholder proposals.

• Board recommends voting FOR all director nominees, FOR executive compensation and auditor ratification, and AGAINST both shareholder proposals (independent chair and written consent rights).

Board of directors and corporate governance

• Board is majority independent (11 of 12), with regular refreshment and succession planning; six directors joined since 2022.

• Combined Chairman/CEO role reaffirmed, with a robust Lead Independent Director position to ensure independent oversight.

• Five standing committees (Audit & Finance, Compensation, Corporate Responsibility, Governance, Executive), all but Executive are fully independent.

• Board self-evaluation and shareholder engagement are ongoing, with outreach to holders of 45% of shares.