Pizza Hut 2008 Annual Report Download - page 53

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23MAR200920295069
shareholders or employees. In fact, much of what is alleged in the supporting statement to the shareholder
proposal is either inaccurate or significantly outdated.
A similar proposal was submitted at our last Annual Meeting. We opposed the proposal last year, and
shareholders overwhelmingly rejected the proposal.
FOR THESE REASONS, WE RECOMMEND THAT YOU VOTE AGAINST THIS PROPOSAL.
What vote is required to approve this proposal?
Approval of this proposal requires the affirmative vote of a majority of the shares present in person or
represented by proxy and entitled to vote at the Annual Meeting.
Proxy Statement
35