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YUM! BRANDS INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and YUM! BRANDS INC.’s Form 8-K, filed May 21, 2024 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 16Ballot items
  • 987Asset managers
  • 13,127Fund votes
  • May 16, 2024Meeting date

Results at a glance

Meeting of May 16, 2024: 16 items on YUM! BRANDS INC.’s Form 8-K, filed May 21, 2024: 2 approved · 2 not approved · 12 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore YUM! BRANDS INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by YUM! BRANDS INC.

These tallies are YUM! BRANDS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 21, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

YUM! BRANDS INC. — official shareholder meeting results, meeting held May 16, 2024
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Paget L. Alves 220,238,5742,412,707294,441 --25,613,206 99%Not verified—
Elect Director: Keith Barr 220,754,6221,880,442310,658 --25,613,206 99.1%Not verified—
Elect Director: M. Brett Biggs 221,801,877834,992308,853 --25,613,206 99.6%Not verified—
Elect Director: Christopher M. Connor 216,498,2686,140,476306,978 --25,613,206 97%Not verified—
Elect Director: Brian C. Cornell 211,735,51110,263,527946,684 --25,613,206 95%Not verified—
Elect Director: Tanya L. Domier 221,698,988961,962284,772 --25,613,206 99.5%Not verified—
Elect Director: Susan Doniz 207,523,83615,128,061293,825 --25,613,206 93%Not verified—
Elect Director: David W. Gibbs 221,565,2751,070,626309,821 --25,613,206 99.5%Not verified—
Elect Director: Mirian M. Graddick-Weir 214,491,4348,156,188298,100 --25,613,206 96%Not verified—
Elect Director: Thomas C. Nelson 214,392,5958,245,380307,747 --25,613,206 96%Not verified—
Elect Director: P. Justin Skala 219,697,5702,933,561314,591 --25,613,206 99%Not verified—
Elect Director: Annie Young-Scrivner 221,652,492993,501299,729 --25,613,206 99.5%Not verified—
2. Proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2024 237,610,11310,533,631415,184 ---- 96%Approved—
3. Proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers 206,166,88614,769,3072,009,529 --25,613,206 93%Approved—
4. Shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals 26,223,263195,424,1751,298,284 --25,613,206 12%Not approved—
5. Shareholder proposal regarding consideration of proposed capital transactions 1,743,493219,817,9961,384,233 --25,613,206 0.8%Not approved—

Source: YUM! BRANDS INC., Form 8-K, filed with the SEC on May 21, 2024 — read the filing on EDGAR.

How asset managers voted at the YUM! BRANDS INC. 2023-2024 meeting

Each item below shows how the 987 asset managers that disclosed a YUM! BRANDS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Annie Young-Scrivner

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 221,652,492AGAINST: 993,501
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Annie Young-Scrivner

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Annie Young-Scrivner”): 221,652,492 for, 993,501 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,606,720 for, 1,826 against, 63,975 abstained.

FOR
FOR: 119,606,720AGAINST: 1,826ABSTAIN: 63,975
Largest asset managers voting on “Election of Directors: Annie Young-Scrivner” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

2. Elect Director: Brian C. Cornell

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 211,735,511AGAINST: 10,263,527
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Brian C. Cornell

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Brian C. Cornell”): 211,735,511 for, 10,263,527 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,575,869 for, 36,755 against, 59,798 abstained.

FOR
FOR: 119,575,869AGAINST: 36,755ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: Brian C. Cornell” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,313255 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

3. Elect Director: Christopher M. Connor

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 216,498,268AGAINST: 6,140,476
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Christopher M. Connor

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Christopher M. Connor”): 216,498,268 for, 6,140,476 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,605,895 for, 6,728 against, 59,798 abstained.

FOR
FOR: 119,605,895AGAINST: 6,728ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: Christopher M. Connor” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

4. Elect Director: David W. Gibbs

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 221,565,275AGAINST: 1,070,626
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: David W. Gibbs

YUM! BRANDS INC.’s own tally for this item (“Elect Director: David W. Gibbs”): 221,565,275 for, 1,070,626 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,606,620 for, 6,003 against, 59,798 abstained.

FOR
FOR: 119,606,620AGAINST: 6,003ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: David W. Gibbs” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

5. Elect Director: Keith Barr

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%
FOR: 220,754,622AGAINST: 1,880,442
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Keith Barr

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Keith Barr”): 220,754,622 for, 1,880,442 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,605,895 for, 2,551 against, 63,975 abstained.

FOR
FOR: 119,605,895AGAINST: 2,551ABSTAIN: 63,975
Largest asset managers voting on “Election of Directors: Keith Barr” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

6. Elect Director: M. Brett Biggs

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 221,801,877AGAINST: 834,992
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: M. Brett Biggs

YUM! BRANDS INC.’s own tally for this item (“Elect Director: M. Brett Biggs”): 221,801,877 for, 834,992 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,612,623 for, 59,798 abstained.

FOR
FOR: 119,612,623ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: M. Brett Biggs” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,149,8670 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,5680 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

7. Elect Director: Mirian M. Graddick-Weir

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 214,491,434AGAINST: 8,156,188
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Mirian M. Graddick-Weir

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Mirian M. Graddick-Weir”): 214,491,434 for, 8,156,188 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,448,960 for, 159,486 against, 63,975 abstained.

FOR
FOR: 119,448,960AGAINST: 159,486ABSTAIN: 63,975
Largest asset managers voting on “Election of Directors: Mirian M. Graddick-Weir” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,589164 00For
State Street2,256,237331 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

8. Elect Director: P. Justin Skala

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 219,697,570AGAINST: 2,933,561
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: P. Justin Skala

YUM! BRANDS INC.’s own tally for this item (“Elect Director: P. Justin Skala”): 219,697,570 for, 2,933,561 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,580,771 for, 31,853 against, 59,798 abstained.

FOR
FOR: 119,580,771AGAINST: 31,853ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: P. Justin Skala” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,313255 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

9. Elect Director: Paget L. Alves

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 220,238,574AGAINST: 2,412,707
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Paget L. Alves

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Paget L. Alves”): 220,238,574 for, 2,412,707 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,610,698 for, 1,925 against, 59,798 abstained.

FOR
FOR: 119,610,698AGAINST: 1,925ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: Paget L. Alves” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

10. Elect Director: Susan Doniz

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 207,523,836AGAINST: 15,128,061
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Susan Doniz

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Susan Doniz”): 207,523,836 for, 15,128,061 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 116,708,473 for, 2,904,151 against, 59,798 abstained.

FOR
FOR: 116,708,473AGAINST: 2,904,151ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: Susan Doniz” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard26,925,564107,793 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,146,7213,147 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,5680 00For
Jackson National1,934,3130 00For
Charles Schwab01,573,815 00Against
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya0911,276 00Against
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable492,4043,132 00For
First Trust463,9700 00For
Principal364,16685,052 00Mixed
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

11. Elect Director: Tanya L. Domier

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 221,698,988AGAINST: 961,962
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Tanya L. Domier

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Tanya L. Domier”): 221,698,988 for, 961,962 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,610,797 for, 1,826 against, 59,798 abstained.

FOR
FOR: 119,610,797AGAINST: 1,826ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: Tanya L. Domier” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

12. Elect Director: Thomas C. Nelson

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 214,392,595AGAINST: 8,245,380
Details: description as filed, official tally, votes by 146 asset managers

Description as filed by funds: Election of Directors: Thomas C. Nelson

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Thomas C. Nelson”): 214,392,595 for, 8,245,380 against, per its Form 8-K filed May 21, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 146 asset managers below reported 119,419,653 for, 192,970 against, 59,798 abstained.

FOR
FOR: 119,419,653AGAINST: 192,970ABSTAIN: 59,798
Largest asset managers voting on “Election of Directors: Thomas C. Nelson” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,589164 00For
State Street2,256,237331 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

13. 3. Proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive…

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 16 wordings of this item as funds reported it.

93% Approved · of votes cast

FOR 93%
FOR: 206,166,886AGAINST: 14,769,307
Details: description as filed, official tally, votes by 983 asset managers

Description as filed by funds: Advisory Vote on Executive Compensation.

YUM! BRANDS INC.’s own tally for this item (“3. Proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers”): 206,166,886 for, 14,769,307 against — passed, per its Form 8-K filed May 21, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers was approved based upon the following votes:”
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 140 asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,461,251186,500 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,313255 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable492,4043,132 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Fund voting reports, all 140 managers: 118,946,061 for, 541,776 against, 59,798 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 872 asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group33,241,576462 00For
T. Rowe Price14,321,720380,009 00For
JPMorgan14,551,0260 00For
New York Life14,000,0000 00For
BlackRock8,274,767184,783 00For
GEODE CAPITAL MANAGEMENT, LLC7,104,2670 00For
State Street6,616,59632,134 00For
Sustainable Growth Advisers, LP4,771,4450 00For
Fidelity2,932,3970 00For
Northern Trust2,771,59857,779 00For
Victory Capital2,813,2790 00For
Magellan Asset Management Ltd2,258,7260 00For
UBS2,132,9180 00For
Legal & General Investment Management Ltd02,043,369 00Against
Charles Schwab1,588,8990 00For
Epoch Investment Partners, Inc.1,522,4580 00For
BANK OF AMERICA NA1,435,5570 00For
Invesco1,380,8300 00For
Vanguard1,245,8160 00For
CANTILLON CAPITAL MANAGEMENT LLC1,176,2840 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC1,025,4800 00For
Idaho Trust Bank1,000,0000 00For
AllianceBernstein993,2580 00For
Capital Research Global Investors924,3630 00For
Nuveen914,2850 00For

Institutional-manager reports, all 872 managers: 151,465,781 for, 7,466,654 against, 149 withheld, 7,094 abstained, 53,572 not voted, 2,064 unknown. Showing the 25 largest; see all in the interactive database.

14. 2. Proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2024

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

96% Approved · of votes cast

FOR 96%
FOR: 237,610,113AGAINST: 10,533,631
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: Ratification of Independent Auditors.

YUM! BRANDS INC.’s own tally for this item (“2. Proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2024”): 237,610,113 for, 10,533,631 against — passed, per its Form 8-K filed May 21, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2024 was approved based upon the following votes:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 119,528,797 for, 83,931 against, 59,798 abstained.

FOR
FOR: 119,528,797AGAINST: 83,931ABSTAIN: 59,798
Largest asset managers voting on “Ratification of Independent Auditors.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,149,8670 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,49276 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable492,4043,132 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

15. 5. Shareholder proposal regarding consideration of proposed capital transactions

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Not approved

Combines 3 wordings of this item as funds reported it.

0.8% Not approved · of votes cast

AGAINST
FOR: 1,743,493AGAINST: 219,817,996
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Shareholder Proposal Regarding Consideration of Proposed Capital Transactions Involving the Brands.

YUM! BRANDS INC.’s own tally for this item (“5. Shareholder proposal regarding consideration of proposed capital transactions”): 1,743,493 for, 219,817,996 against — failed, per its Form 8-K filed May 21, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The shareholder proposal regarding consideration of proposed capital transactions was not approved based upon the following votes:”
Support: 0.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of YUM! BRANDS INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Strategic Review Regarding Capital Transactions Involving the Brands” (8 managers, 354 for, 9,629,443 against, 1,600 abstained).

The 140 asset managers below reported 123,601 for, 109,852,705 against, 64,217 abstained.

AGAINST
FOR: 123,601AGAINST: 109,852,705ABSTAIN: 64,217
Largest asset managers voting on “Shareholder Proposal Regarding Consideration of Proposed Capital Transactions Involving the Brands.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group031,632,576 00Against
Vanguard027,033,357 00Against
Fidelity09,880,856 00Against
T. Rowe Price09,647,751 00Against
JPMorgan07,176,656 00Against
Victory Capital02,281,295 00Against
Bridge Builder Trust02,261,753 00Against
State Street02,256,568 00Against
Jackson National01,934,313 00Against
Charles Schwab01,573,815 00Against
Invesco01,245,702 00Against
INVESTMENT CO OF AMERICA01,171,571 00Against
Loomis Sayles01,071,661 00Against
Voya0911,276 00Against
John Hancock0892,280 00Against
TIAA0869,045 00Against
Dimensional0634,190 00Against
MassMutual0514,708 00Against
Equitable0495,536 00Against
First Trust0463,970 00Against
Principal0449,218 00Against
PENN SERIES FUNDS INC0411,882 00Against
NEW ECONOMY FUND0396,757 00Against
Goldman Sachs0383,386 00Against
Russell Investments0292,488 00Against

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

16. 4. Shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Not approved

Combines 5 wordings of this item as funds reported it.

12% Not approved · of votes cast

12%AGAINST
FOR: 26,223,263AGAINST: 195,424,175
Details: description as filed, official tally, votes by 139 asset managers

Description as filed by funds: Shareholder Proposal Regarding Adoption of a Policy on the Use of Medically Important Antimicrobials in Food-Producing Animals.

YUM! BRANDS INC.’s own tally for this item (“4. Shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals”): 26,223,263 for, 195,424,175 against — failed, per its Form 8-K filed May 21, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals was not approved based upon the following votes:”
Support: 12% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 139 asset managers below reported 891,049 for, 108,909,595 against, 171,451 abstained.

AGAINST
FOR: 891,049AGAINST: 108,909,595ABSTAIN: 171,451
Largest asset managers voting on “Shareholder Proposal Regarding Adoption of a Policy on the Use of Medically Important Antimicrobials in Food-P” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group031,632,576 00Against
Vanguard027,033,357 00Against
Fidelity09,880,856 00Against
T. Rowe Price09,647,751 00Against
JPMorgan627,176,594 00Against
Victory Capital179,0942,102,201 00Mixed
Bridge Builder Trust1642,261,589 00Against
State Street5712,255,997 00Against
Jackson National01,934,313 00Against
Charles Schwab01,573,815 00Against
Invesco01,245,702 00Against
INVESTMENT CO OF AMERICA01,171,571 00Against
Loomis Sayles01,071,661 00Against
Voya0911,276 00Against
John Hancock113,368778,912 00Mixed
TIAA0869,045 00Against
Dimensional0634,190 00Against
MassMutual0514,708 00Against
Equitable3,540491,996 00Against
First Trust0463,970 00Against
Principal0449,218 00Against
PENN SERIES FUNDS INC0411,882 00Against
NEW ECONOMY FUND0396,757 00Against
Goldman Sachs0383,386 00Against
Russell Investments0292,488 00Against

Showing the 25 largest of 139 asset managers. See all 139 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 15, 2025, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest YUM! BRANDS INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 281,632,212 shares outstanding at the time of that meeting.

Fund voting reports: top YUM! BRANDS INC. shareholders by shares voted on “Advisory Vote on Executive Compensation.”, 2023-2024
#Asset manager % of shares outstanding
1Capital Group 11.23%
2Vanguard 9.60%
3Fidelity 3.51%
4T. Rowe Price 3.43%
5BlackRock 3.25%
6JPMorgan 2.55%
7Victory Capital 0.81%
8Bridge Builder Trust 0.80%
9State Street 0.80%
10Jackson National 0.69%
Institutional-manager reports: top YUM! BRANDS INC. shareholders by shares voted on “Advisory Vote on Executive Compensation.”, 2023-2024
#Asset manager % of shares outstanding
1Capital Group 11.80%
2T. Rowe Price 5.22%
3JPMorgan 5.17%
4New York Life 4.97%
5BlackRock 3.00%
6GEODE CAPITAL MANAGEMENT, LLC 2.52%
7State Street 2.36%
8Sustainable Growth Advisers, LP 1.69%
9Fidelity 1.04%
10Northern Trust 1.00%

Reported YUM! BRANDS INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

YUM! BRANDS INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder % outstanding Disclosure
Vanguard Group 12.51% 13F
Blackrock Inc. 8.28% DEF14A
T. Rowe Price Investment Management, Inc. 5.66% DEF14A
JPMorgan Chase 5.66% 13F
Capital World Investors 5.25% DEF14A
Capital International Investors 5.00% DEF14A
State Street 4.55% 13F
Morgan Stanley 1.55% 13F
Northern Trust 1.08% 13F
FMR (Fidelity) 1.02% 13F

Percentages above are of 281,632,212 shares outstanding, as reported by YUM! BRANDS INC. on its Form 10-Q dated May 1, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from YUM! BRANDS INC.’s 10-Q dated May 1, 2024. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At YUM! BRANDS INC.'s shareholder meeting held May 16, 2024, in the 2023-2024 proxy season, 987 asset managers reported how they voted on 16 ballot items in their SEC Form N-PX filings, covering 13,127 separate fund positions. On the most widely held item on that ballot — Advisory Vote on Executive Compensation. — YUM! BRANDS INC.'s filing reports the proposal as approved, with 93% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: YUM! BRANDS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 21, 2024.

YUM! BRANDS INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.