Yum! Brands (YUM) Proxy filing summary

Executive summary

• Annual meeting scheduled for May 14, 2026, via virtual webcast, with voting on key company matters and management reporting on 2025 performance.

• Shareholders can vote online, by phone, or by mail, with instructions provided for each method.

• Board recommends voting FOR all director nominees, auditor ratification, and executive compensation, and AGAINST the shareholder proposal to lower the special meeting threshold.

Voting matters and shareholder proposals

• Election of eleven directors to serve until the 2027 annual meeting.

• Ratification of KPMG LLP as independent auditors for fiscal year 2026.

• Advisory vote on executive compensation (say-on-pay).

• Shareholder proposal to reduce the threshold for calling a special meeting from 25% to 10% ownership, which the Board opposes.

Board of directors and corporate governance

• Board consists of 11 nominees, 10 of whom are independent; average tenure is 8 years.

• Board committees include Audit, Management Planning and Development, and Nominating and Governance, all with independent members.

• Annual board and committee self-evaluations, majority voting policy for directors, and robust shareholder engagement practices.

• Proxy access allows shareholders (3% ownership for 3 years) to nominate up to 20% of the board.