Yum Brands Inc 8-K, filed Jun 25, 2020
Yum Brands Inc (YUM)
8-K
2020-06-25
For: 2020-06-25
View Original
Added on
April 11, 2026
About this 8-K
Yum Brands Inc filed this 8-K on June 25, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D. C. 20549 |
FORM 8-K
CURRENT REPORT
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Item 7.01 | Regulation FD Disclosure. |
On June 24, 2020, the Yum! Brands, Inc. (“Yum! Brands” or “the Company”) Board of Directors approved the establishment of the Company’s new global “Unlocking Opportunity Initiative” including a $100 million investment over the next five years to fight inequality by unlocking opportunities for employees, restaurant team members and communities. The global Unlocking Opportunity Initiative builds on more than 20 years of the Company’s investment in a people-first culture. Yum! Brands and its KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands, alongside its franchisees, aim to fight inequality with an emphasis on three areas that can unlock opportunities for employees, restaurant team members and communities around the world including: equity and inclusion, education and entrepreneurship. Yum! Brands’ global efforts will start in the U.S., the Company’s largest market comprising more than 40% of global sales and half of its franchisees, and will focus in the U.S. on areas where it can make the biggest impact including fighting racism and building on the Company’s ongoing inclusion efforts.
As part of these efforts and investment, the Company will make a $50 million contribution to the Yum Foundation. The Company intends to classify such contribution as a Special Item within its reported results for the quarter ended June 30, 2020. Accordingly, the contribution will be excluded from the Company’s non-GAAP measures of Core Operating Profit and Earnings per Share (EPS) excluding Special Items.
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: | June 25, 2020 | /s/ Scott Catlett | ||
General Counsel and Corporate Secretary | ||||