<SEC-DOCUMENT>0001104659-22-061972.txt : 20220517
<SEC-HEADER>0001104659-22-061972.hdr.sgml : 20220517
<ACCEPTANCE-DATETIME>20220517163421
ACCESSION NUMBER:		0001104659-22-061972
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220517
DATE AS OF CHANGE:		20220517

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALDS CORP
		CENTRAL INDEX KEY:			0000063908
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				362361282
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05231
		FILM NUMBER:		22935064

	BUSINESS ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
		BUSINESS PHONE:		630 623 3000

	MAIL ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
</SEC-HEADER>
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<DESCRIPTION>DEFA14A
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Proxy Statement Pursuant to Section 14(a) of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Securities Exchange Act of 1934 (Amendment
No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD COLSPAN="2" STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt">Filed by the Registrant <FONT STYLE="font-family: Wingdings">x</FONT></TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt">Filed by a Party other than the Registrant <FONT STYLE="font-family: Wingdings">o</FONT></TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt">Check the appropriate box:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 94%; padding-right: 0.05in; padding-left: 0.05in">Preliminary Proxy Statement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a&#45;6(e)(2))</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in">Definitive Proxy Statement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Wingdings">x</FONT></TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in">Definitive Additional Materials</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.05in; padding-left: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in">Soliciting Material under &sect;240.14a&#45;12</TD></TR>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10pt; text-align: center; text-indent: -10pt"><FONT STYLE="font-size: 14pt"><B>McDONALD&rsquo;S CORPORATION</B></FONT></P></TD></TR>
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    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; padding-right: 0.05in; padding-left: 0.05in">


    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10pt; text-align: center; text-indent: -10pt">(Name of Registrant
as Specified In Its Charter)&nbsp;</P>
</TD></TR>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10pt; text-align: center; text-indent: -10pt">(Name of Person(s)
    Filing Proxy Statement, if other than the Registrant)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10pt; text-align: center; text-indent: -10pt">&nbsp;</P></TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 0.05in; padding-left: 10pt; font-size: 10pt; text-indent: -10pt">Payment of Filing Fee (Check the appropriate box):</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 0.05in; padding-left: 10pt; font-size: 10pt; text-indent: -10pt">&nbsp;</TD></TR>
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    <TD STYLE="width: 6%; padding-right: 0.05in; padding-left: 10pt; font-size: 10pt; text-indent: -10pt"><FONT STYLE="font-family: Wingdings">x</FONT></TD>
    <TD STYLE="width: 94%; padding-right: 0.05in; padding-left: 0.05in; font-size: 10pt">No fee required.</TD></TR>
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    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fee paid previously with preliminary materials.&nbsp;</P></TD></TR>
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    <TD STYLE="padding-right: 0.05in; padding-left: 0.05in; font-size: 10pt">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 17, 2022, McDonald&rsquo;s Corporation (&ldquo;McDonald&rsquo;s&rdquo;)
added to the website VoteforMcD.com a link to an article published by Restaurant Business Magazine, a copy of which is attached hereto
as Exhibit 1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>McDonald&rsquo;s Scores a Big Victory In Its
Pig Proxy Against Carl Icahn</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>A major proxy advisory firm endorsed the company&rsquo;s
directors in its upcoming board election, saying the investor is &ldquo;economically divorced from the potential impacts of its proposals.&rdquo;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By Jonathan Maze on May 16, 2022 (Restaurant Business Magazine)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">McDonald&rsquo;s scored a major victory on Monday when a leading proxy
advisory firm endorsed its director candidates for the company&rsquo;s upcoming board election, saying that investor Carl Icahn did not
make a sufficient case that they should be replaced over the chain&rsquo;s sourcing of pork from producers that use gestation crates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Institutional Shareholder Services (ISS) also cited Icahn&rsquo;s low
ownership of McDonald&rsquo;s stock&mdash;he only holds about 200 shares&mdash;noting that Icahn would be &ldquo;economically divorced
from the potential impact of its proposals on the company&rsquo;s financial support.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;On balance, the dissident campaign has not made a sufficient
case, on an issue-specific or broader view of (environmental, social and governance, or ESG), that the immediate replacement of incumbent
directors is necessary at this time,&rdquo; ISS said, according to information shared by McDonald&rsquo;s.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ISS is one of the country&rsquo;s leading proxy advisory firms, and
many large institutional investors rely on their recommendations in votes for directors or other issues. That makes their recommendations
particularly important in a proxy fight.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Icahn, known mostly for buying up shares of companies and then pushing
for major changes that drive &ldquo;shareholder value,&rdquo; is taking on McDonald&rsquo;s with a relatively small investment over an
apparent decade-old promise by the company to stop supplying pork from producers that house pregnant pigs in gestation crates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Icahn, with backing from the Humane Society of the U.S., argues that
McDonald&rsquo;s hasn&rsquo;t fulfilled its promise. The Humane Society has gone so far as to request that the SEC investigate the burger
giant&rsquo;s statements on the topic over truthfulness. Icahn is taking the topic to shareholders, nominating Leslie Samuelrich, president
of the social investing firm Green Century Capital Management, and Bon Appetit Management Chief Strategy Officer Maisie Ganzler to the
board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">McDonald&rsquo;s, for its part, has defended its record on gestation
crates and argued that Icahn wants to replace &ldquo;valuable directors&rdquo; with &ldquo;single-platform nominees.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ISS has backed its view, noting that prevailing scientific evidence,
along with the realities of commercial-scale agriculture&rdquo; suggests McDonald&rsquo;s view is reasonable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The firm also endorsed the board&rsquo;s overall performance, noting
that it has &ldquo;overseen strong performance since the pandemic&rdquo; despite issues with Ukraine, which has had a material impact
on the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>* * * * *</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This document contains forward-looking statements about future events
and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements
regarding McDonald&rsquo;s plans, strategies, prospects and expectations regarding its business and industry are forward-looking statements.
They reflect McDonald&rsquo;s expectations, are not guarantees of performance and speak only as of the date hereof. Except as required
by law, McDonald&rsquo;s does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements.
McDonald&rsquo;s business results are subject to a variety of risks, including those that are described in its Quarterly Report on Form
10-Q for the quarter ended March 31, 2022 and subsequent filings with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>IMPORTANT INFORMATION REGARDING PROXY SOLICITATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">McDonald&rsquo;s has filed a definitive proxy statement and WHITE proxy
card with the SEC in connection with its solicitation of proxies for its 2022 Annual Meeting. MCDONALD&rsquo;S SHAREHOLDERS ARE ENCOURAGED
TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO), THE ACCOMPANYING WHITE PROXY CARD AND OTHER DOCUMENTS
FILED WITH THE SEC IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. McDonald&rsquo;s shareholders may obtain a copy of the
definitive proxy statement (and any amendments and supplements thereto), the accompanying WHITE proxy card and other relevant documents
filed by McDonald&rsquo;s with the SEC without charge from the SEC&rsquo;s website at www.sec.gov. McDonald&rsquo;s shareholders may also
obtain a copy of these documents without charge by sending a request to shareholder.services@us.mcd.com or visiting the investor section
of the McDonald&rsquo;s website at www.investor.mcdonalds.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CERTAIN INFORMATION REGARDING PARTICIPANTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">McDonald&rsquo;s, its Directors and certain of its executive officers
are participants in the solicitation of proxies from McDonald&rsquo;s shareholders in connection with the matters to be considered at
the 2022 Annual Meeting. Information regarding the ownership of McDonald&rsquo;s Directors and executive officers in McDonald&rsquo;s
common stock is included in the definitive proxy statement for its 2022 Annual Meeting, filed with the SEC on April 8, 2022, which can
be found through the SEC&rsquo;s website at www.sec.gov. Changes to such ownership have been or will be reflected on Statements of Changes
in Beneficial Ownership on Form 4 filed with the SEC. Details concerning the nominees of the McDonald&rsquo;s Board of Directors for election
at the 2022 Annual Meeting are also included in such definitive proxy statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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