Form 8-K · Current report
Yum! Brands 8-K, filed Sep 1, 2026
- Filed
- CIK
- 0001041061
- Accession no.
- 0001041061-26-000187
Summary
Yum! Brands completed the sale of its global Pizza Hut business excluding Mainland China to LongRange Capital for approximately $1.5 billion, after the separate sale of Pizza Hut Mainland China to Yum China Holdings closed on August 7, 2026, bringing aggregate proceeds to $2.7 billion. Pizza Hut CEO Aaron Powell resigned from that role and all other positions with Yum! Brands effective September 1, 2026, in connection with the closing.
Key points
- The LongRange Capital transaction was for approximately $1.5 billion in cash, subject to adjustments, with a potential additional $75 million earn-out by 2030 based on future performance.
- The Pizza Hut Mainland China sale to Yum China Holdings closed on August 7, 2026, and together with the LongRange transaction totaled $2.7 billion in aggregate proceeds, subject to purchase price adjustments.
- Aaron Powell resigned as Pizza Hut CEO and all other positions with Yum! Brands effective September 1, 2026, in connection with the Pizza Hut Transaction closing.
- Yum! Brands CEO Chris Turner said the company now moves forward as a more focused company with global growth opportunities.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers Aaron Powell, the Chief Executive Officer of the Pizza Hut business of Yum! Brands, Inc. (the “Company”), resigned from his position as Pizza Hut CEO and all other positions with the Company effective September 1, 2026, in connection with the closing of the Pizza Hut Transaction (as defined below). Item 7.01 Regulation FD Disclosure On September 1, 2026, the Company issued a press release announcing the completion of the Pizza Hut Transaction (as defined below). A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. …
An excerpt of the text as filed with the SEC, cut for length.
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