DEFA14A 1 yum_na_2024.htm DEFA14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No.)

Filed by the Registrant | Filed by a Party other than the Registrant

Check the appropriate box:
|  | Preliminary Proxy Statement
|  | CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2))
|  | Definitive Proxy Statement
|  | Definitive Additional Materials
|  | Soliciting Material under §240.14a-12

YUM! BRANDS, INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):
|  | No fee required.
|  | Fee paid previously with preliminary materials.
|  | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

Yum! YUM! BRANDS, INC. 1441 GARDINER LANE LOUISVILLE, KY 40213 V70185-P31225 Your Vote Counts! YUM! BRANDS, INC. 2025 Annual Meeting Vote by May 14, 2025 11:59 PM ET You invested in YUM! BRANDS, INC. and it's time to vote! You have the right to vote on proposals being presented at the Annual Meeting. This is an important notice regarding the availability of proxy materials for the shareholder meeting to be held on May 15, 2025. Get informed before you vote View the Notice, Proxy Statement and Annual Report online OR you can receive a free paper or email copy of the material(s) by requesting prior to May 1, 2025. If you would like to request a copy of the material(s) for this and/or future shareholder meetings, you may (1) visit www.ProxyVote.com, (2) call 1-800-579-1639 or (3) send an email to sendmaterial@proxyvote.com. If sending an email, please include your control number (indicated below) in the subject line. Unless requested, you will not otherwise receive a paper or email copy. PV For complete information and to vote, visit www.ProxyVote.com Control # Smartphone users Point your camera here and vote without entering a control number *Please check the meeting materials for any special requirements for meeting attendance. = Vote Virtually at the Meeting* May 15, 2025 9:00 A.M., CDT Virtually at: www.virtualshareholdermeeting.com/YUM2025

Vote at www.ProxyVote.com THIS IS NOT A VOTABLE BALLOT This is an overview of the proposals being presented at the upcoming shareholder meeting. Please follow the instructions on the reverse side to vote these important matters. Voting Items 1. Election of Directors. Nominees: 1a. Paget L. Alves 1b. Keith Barr 1c. M. Brett Biggs 1d. Christopher M. Connor 1e. Brian C. Cornell 1f. Tanya L. Domier 1g. Susan Doniz 1h. David W. Gibbs 1i. Mirian M. Graddick-Weir 1j. Thomas C. Nelson 1k. P. Justin Skala 11. Annie Young-Scrivner 2. Ratification of Independent Auditors. 3. Advisory Vote on Executive Compensation. 4. Proposal to Approve the Company's 2025 Long Term Incentive Plan. 5. Shareholder Proposal Regarding Adoption of a Policy on the Use of Medically Important Antimicrobials in Food-Producing Animals. 6. Shareholder Proposal Regarding Report on Faith-Based Employee Resource Groups. 7. Shareholder Proposal Regarding Workplace Safety Policies and Practices. Board Recommends For For For For For For For For For For For For For For For * Against * Against Against Prefer to receive an email instead? While voting on www.ProxyVote.com, be sure to click "Delivery Settings". V70186-P31225