{"filing":{"accession_number":"0001041061-26-000187","cik":"0001041061","ticker":"YUM","company_name":"YUM BRANDS INC","form":"8-K","filing_date":"2026-09-01","report_date":"2026-09-01","primary_document":"yum-20260901.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1041061/000104106126000187/yum-20260901.htm"},"events":[{"id":31037,"run_id":28466,"accession_number":"0001041061-26-000187","anchor_item_number":"8.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"YUM Brands completed the sale of its global Pizza Hut business (excluding China) to Toppings TopCo, LLC for approximately $1.488 billion in cash on September 1, 2026, representing a material disposition of a major business segment and a key milestone in the company's strategic evolution as a more focused enterprise.","company_name":"YUM BRANDS INC","ticker":"YUM","filing_date":"2026-09-01","form":"8-K","submitted_at":null,"items":[{"id":33817,"accession_number":"0001041061-26-000187","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing announces completion of the sale of Pizza Hut Ex-China to LongRange Capital for approximately $1.5 billion, together with the previously closed sale of Pizza Hut China to Yum China for a combined $2.7 billion in aggregate proceeds. This represents a material disposition of a major business segment and marks a significant strategic restructuring of Yum! Brands' portfolio, explicitly described as \"key milestone in Yum!'s evolution as a more focused company.\"","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:41:57.061405+00:00","company_name":"","ticker":null,"filing_date":""},{"id":33818,"accession_number":"0001041061-26-000187","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"YUM Brands completed the sale of its global Pizza Hut business (excluding China) to Toppings TopCo, LLC for $1.488 billion in cash on September 1, 2026. This is a material disposition of a major business segment, representing completion of a previously announced transaction. The press release emphasizes this as a \"key milestone in Yum!'s evolution as a more focused company\" and notes the aggregate proceeds of $2.7 billion when combined with the earlier Pizza Hut China sale to Yum China Holdings (closed August 7, 2026).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:41:57.061405+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":31038,"run_id":28466,"accession_number":"0001041061-26-000187","anchor_item_number":"5.02","event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.92,"summary":"Aaron Powell, Chief Executive Officer of the Pizza Hut business, resigned from his position and all other positions with YUM Brands effective September 1, 2026, in connection with the closing of the Pizza Hut transaction.","company_name":"YUM BRANDS INC","ticker":"YUM","filing_date":"2026-09-01","form":"8-K","submitted_at":null,"items":[{"id":33816,"accession_number":"0001041061-26-000187","item_number":"5.02","item_title":null,"event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.92,"reasoning":"Aaron Powell, Chief Executive Officer of the Pizza Hut business, resigned from his position and all other positions with the Company effective September 1, 2026, in connection with the closing of the Pizza Hut Transaction. While the departure is tied to a larger M\u0026A event (the sale of Pizza Hut), the Item 5.02 disclosure centers on the executive's departure from the Company, making exec_departure the primary event type. The resignation of a CEO-level executive is material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:41:57.061405+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":33816,"accession_number":"0001041061-26-000187","item_number":"5.02","item_title":null,"event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.92,"reasoning":"Aaron Powell, Chief Executive Officer of the Pizza Hut business, resigned from his position and all other positions with the Company effective September 1, 2026, in connection with the closing of the Pizza Hut Transaction. While the departure is tied to a larger M\u0026A event (the sale of Pizza Hut), the Item 5.02 disclosure centers on the executive's departure from the Company, making exec_departure the primary event type. The resignation of a CEO-level executive is material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:41:57.061405+00:00","company_name":"YUM BRANDS INC","ticker":"YUM","filing_date":"2026-09-01"},{"id":33817,"accession_number":"0001041061-26-000187","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing announces completion of the sale of Pizza Hut Ex-China to LongRange Capital for approximately $1.5 billion, together with the previously closed sale of Pizza Hut China to Yum China for a combined $2.7 billion in aggregate proceeds. This represents a material disposition of a major business segment and marks a significant strategic restructuring of Yum! Brands' portfolio, explicitly described as \"key milestone in Yum!'s evolution as a more focused company.\"","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:41:57.061405+00:00","company_name":"YUM BRANDS INC","ticker":"YUM","filing_date":"2026-09-01"},{"id":33818,"accession_number":"0001041061-26-000187","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"YUM Brands completed the sale of its global Pizza Hut business (excluding China) to Toppings TopCo, LLC for $1.488 billion in cash on September 1, 2026. This is a material disposition of a major business segment, representing completion of a previously announced transaction. The press release emphasizes this as a \"key milestone in Yum!'s evolution as a more focused company\" and notes the aggregate proceeds of $2.7 billion when combined with the earlier Pizza Hut China sale to Yum China Holdings (closed August 7, 2026).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:41:57.061405+00:00","company_name":"YUM BRANDS INC","ticker":"YUM","filing_date":"2026-09-01"}]}