Current Report Filing (8-k)
10 March 2017 - 11:37PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): March 9, 2017
Yum China Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
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Delaware
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001-37762
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81-2421743
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(State or Other Jurisdiction of
Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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16/F Two Grand Gateway
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7100 Corporate Drive
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3 Hongqiao Road
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Plano, Texas 75024
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Shanghai 200030
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United States of America
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Peoples Republic of China
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(Address, including zip code, of principal
executive offices)
Registrants telephone number, including area code: (972) 338-7530
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On March 9, 2017, Yum China Holdings, Inc. (the Company) announced the appointment of Jacky Lo as Vice President, Controller and Principal
Accounting Officer of the Company, effective on March 9, 2017. Paul Hill, who previously served as Vice President, Controller and Principal Accounting Officer of the Company, resigned from that position effective on March 9, 2017.
Mr. Lo, age 39, previously served as Vice President, Finance of the Company, a position he held since October 2016. Mr. Lo joined Yum! Restaurants
China, a division of Yum! Brands, Inc. (YUM), in August 2016 as Vice President, Finance. Prior to joining YUM, Mr. Lo worked for Ernst & Young for 15 years, including most recently as Partner and the Deputy Director in the
Asia Pacific Capital Markets Center of Ernst & Youngs Professional Practice Group, specializing in U.S. generally accepted accounting principles, SEC reporting and Sarbanes Oxley compliance requirements. Mr. Lo is a certified
public accountant in Texas and a member of both the American Institute of Certified Public Accountants and the Hong Kong Institute of Certified Public Accountants.
In connection with the appointment, the board of directors of the Company approved an increase in Mr. Los annual base salary from HK$ 2,350,680 to
HK$ 2,571,600, and an increase in his annual performance-based cash bonus target from 40% to 50% of his annual base salary. Mr. Lo is also eligible to participate in the Companys long term incentive program and other benefit programs on
the same basis as the Companys other officers. Also in connection with his appointment, Mr. Lo agreed to a non-solicitation covenant for a period of three months following the termination of his employment with the Company.
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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.
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YUM CHINA HOLDINGS, INC.
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By:
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/s/ Shella Ng
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Name: Shella Ng
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Title: Chief Legal Officer and Corporate Secretary
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Date: March 10, 2017
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