Current Report Filing (8-k)
22 April 2017 - 6:48AM
Edgar (US Regulatory)
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): April 20, 2017
Yum China Holdings, Inc.
(Exact Name of Registrant as Specified in its 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 or organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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7100 Corporate Drive
Plano, Texas 75024
United
States of America
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16/F Two Grand Gateway
3 Hongqiao Road
Shanghai
200030
Peoples Republic of China
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(Address, including zip code, of principal executive offices)
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(469)
980-2898
(Registrants 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:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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☐
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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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☐
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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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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. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On April 20, 2017, Mr. Edwin Ted Stedem notified Yum China Holdings,
Inc. (the Company) that he intends to resign as Chief Financial Officer of the Company, effective June 1, 2017.
The Board has appointed
Mr. Jacky Lo, the Companys Vice President, Controller and principal accounting officer, as its interim Chief Financial Officer, effective June 1, 2017. Mr. Lo will serve as interim Chief Financial Officer until a successor is
named. The Company is in the process of conducting a search for Chief Financial Officer and will name that successor at the completion of the search.
Mr. Lo, 40, has been serving as Vice President, Controller and principal accounting officer of the Company since March 2017 and he will continue to serve
in this position while serving as the interim Chief Financial Officer and principal financial officer. Mr. Lo previously served as Vice President, Finance of the Company, a position he held from October 2016 to March 2017. 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.
Item 7.01.
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Regulation FD Disclosure.
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A copy of the press release announcing the resignation and appointment
described in Item 5.02 is attached as Exhibit 99.1 to this Current Report on Form
8-K.
A copy of the resignation
letter of Ted Stedem is attached as Exhibit 99.2 to this Current Report on Form
8-K.
Item 9.01.
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Financial Statements and Exhibits.
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The following exhibits are furnished with this report:
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Exhibit
No.
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Exhibit Description
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99.1
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Press Release of Yum China Holdings, Inc. issued on April 21, 2017.
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99.2
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Resignation Letter of Ted Stedem dated April 20, 2017.
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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:
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Shella Ng
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Title:
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Chief Legal Officer and Corporate Secretary
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Date: April 21, 2017
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EXHIBIT INDEX
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Exhibit
No.
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Exhibit Description
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99.1
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Press Release of Yum China Holdings, Inc. issued on April 21, 2017.
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99.2
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Resignation Letter of Ted Stedem dated April 20, 2017.
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