Pizza Hut 2013 Annual Report Download - page 19

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YUM!Brands, Inc.
1441 Gardiner Lane
Louisville, Kentucky 40213
March21,2014
Dear Fellow Shareholders:
On behalf of your Board of Directors, we are pleased to invite you to attend the 2014 Annual Meeting of Shareholders of
YUM! Brands, Inc. The Annual Meeting will be held Thursday, May 1, 2014, at 9:00 a.m., local time, in the YUM! Conference
Center at 1900 Colonel Sanders Lane in Louisville, Kentucky.
Once again, we encourage you to take advantage of the Securities and Exchange Commission rule allowing companies to
furnish proxy materials to their shareholders over the Internet. We believe that this e-proxy process expedites shareholders’
receipt of proxy materials, lowers the costs of delivery and helps reduce the Company’s environmental impact.
Your vote is important. We encourage you to vote promptly whether or not you plan to attend the meeting. You may vote
your shares via a toll-free telephone number or over the Internet. If you received a paper copy of the proxy card by mail,
you may sign, date and mail the proxy card in the envelope provided. Instructions regarding the three methods of voting
are contained on the notice or proxy card.
If you plan to attend the meeting, please bring your notice, admission ticket from your proxy card or proof of your ownership
of YUM common stock as of March 3, 2014 as well as a valid picture identification. Whether or not you attend the meeting,
we encourage you to consider the matters presented in the proxy statement and vote as soon as possible.
Sincerely,
David C. Novak
Chairman of the Board and
Chief Executive Officer
Important Notice Regarding the Availability of Proxy Materials for the Shareholders Meeting to Be Held on
May1, 2014—this notice and the proxy statement are available at www.yum.com/investors/investor_materials.asp.
The Annual Report on Form 10-K is available at www.yum.com/annualreport.