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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Yum Brands Inc | NYSE:YUM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -0.03% | 136.14 | 136.51 | 135.79 | 136.50 | 781,126 | 19:52:08 |
UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D. C. 20549 |
North Carolina | 13-3951308 | ||
(State or other jurisdiction of | (I.R.S. Employer | ||
incorporation or organization) | Identification No.) | ||
1441 Gardiner Lane, Louisville, Kentucky | 40213 | ||
(Address of principal executive offices) | (Zip Code) | ||
Registrant's telephone number, including area code: (502) 874-8300 | |||
Former name or former address, if changed since last report: N/A |
Section 5 - Corporate Governance and Management | |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(c) | Yum Brands, Inc. (the “Company”) announced today the appointment of David Russell as its interim Chief Financial Officer effective February 19, 2016. Mr. Russell will serve as interim Chief Financial Officer until a successor is named. The Company is in the process of conducting an internal and external search for Chief Financial Officer and will name that successor at the completion of the search. Mr. Russell will replace Patrick Grismer, who, as previously disclosed, is resigning as the Company’s Chief Financial Officer on February 19, 2016. Mr. Russell will act as the Company’s principal financial officer and principal accounting officer. Mr. Russell, 46, currently serves as Vice President, Finance and Corporate Controller of the Company. He has served in this position since December 2012 and he will continue to serve in this position while serving as the interim Chief Financial Officer. He has been Vice President and Corporate Controller since February 2011. Effective December 2012, his duties and title were expanded to include Vice President, Finance. In connection with Mr. Russell’s appointment as interim Chief Financial Officer, the Company will, effective February 19, 2016, increase Mr. Russell’s salary by $35,000 per month while he serves as interim Chief Financial Officer. In addition, the Company awarded Mr. Russell stock appreciation rights (“SARs”) having an economic value of approximately $275,000 in addition to his regular SARs grant for 2016. | |
YUM! BRANDS, INC. | ||||
(Registrant) |
Date: | February 3, 2016 | /s/ John P. Daly | ||
Vice President and Associate General Counsel | ||||
1 Year Yum Brands Chart |
1 Month Yum Brands Chart |
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