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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 8, 2020

 

Yum China Holdings, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

 

001-37762

 

 

81-2421743  

(State or other jurisdiction of
incorporation) 

 

(Commission
File Number) 

 

(IRS Employer
Identification No.) 

 

 

 

 

 

Yum China Building

7100 Corporate Drive

 

 

20 Tian Yao Qiao Road

Plano, Texas 75024

 

 

Shanghai 200030

United States of America

 

 

People’s Republic of China

(Address, including zip code, of principal executive offices)

 

(469) 980-2898

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

YUMC

  New York Stock Exchange

 

 

 

 


Item 5.07.  

Submission of Matters to a Vote of Security Holders.  

 

Yum China Holdings, Inc. (the Company) held its 2020 annual meeting of stockholders on Friday, May 8, 2020, at 8:00 a.m. Beijing/Hong Kong time (Thursday, May 7, 2020, at 8:00 p.m. U.S. Eastern time) via the internet at www.virtualshareholdermeeting.com/YUMC2020 (the “Annual Meeting”).  A total of 317,377,626 shares, or 84.38% of the Company’s outstanding common stock, were present in person or represented by proxy at the Annual Meeting, constituting a quorum. At the Annual Meeting, the Company’s stockholders: (i) elected the 11 director nominees listed below to serve until the 2021 annual meeting of the Company’s stockholders; (ii) ratified the appointment of KPMG Huazhen LLP as the Company’s independent auditor for 2020; and (iii) approved, on an advisory basis, the Company’s named executive officer compensation.

 

Set forth below are the voting results for each of the proposals presented at the Annual Meeting:  

 

Proposal 1:

The election of 11 director nominees to serve until the 2021 annual meeting of the Company’s stockholders:

 

Director Name

 

For

 

Against

 

Abstain

 

Broker Non-Votes

Fred Hu

 

240,132,047

 

24,101,639

 

555,875

 

52,588,065

Joey Wat

 

263,819,244

 

427,144

 

543,173

 

52,588,065

Peter A. Bassi

 

263,859,396

 

407,474

 

522,691

 

52,588,065

Christian L. Campbell

 

235,214,552

 

29,071,972

 

503,037

 

52,588,065

Ed Yiu-Cheong Chan

 

263,771,696

 

463,486

 

554,379

 

52,588,065

Edouard Ettedgui

 

257,122,067

 

7,118,828

 

548,666

 

52,588,065

Cyril Han

 

263,687,802

 

555,884

 

545,875

 

52,588,065

Louis T. Hsieh

 

261,964,205

 

2,313,881

 

511,475

 

52,588,065

Ruby Lu

 

259,869,233

 

4,412,242

 

508,086

 

52,588,065

Zili Shao

 

263,819,152

 

432,907

 

537,502

 

52,588,065

William Wang

 

263,602,520

 

640,485

 

546,556

 

52,588,065

 

Proposal 2:

The ratification of the appointment of KPMG Huazhen LLP as the Company’s independent auditor for 2020:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

315,920,533

 

829,026

 

628,067

 

0

 

Proposal 3:

An advisory vote to approve the Company’s named executive officer compensation:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

245,753,992

 

14,521,803

 

4,513,766

 

52,588,065

 

 


SIGNATURES

 

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 CHINA HOLDINGS, INC.

 

 

 

 

 

 

 

By:

/s/ Joseph Chan

 

 

 

 

Name: Joseph Chan

 

 

 

 

Title: Chief Legal Officer

Date: May 11, 2020

 

 

 

 

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