Pizza Hut 2014 Annual Report Download - page 99

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PART I
ITEM 1 Business
sanitation and safety. Each of the Concepts’ restaurants in the U.S. See Item 1A ‘‘Risk Factors’’ for a discussion of risks relating to federal,
must comply with licensing and regulation by a number of state, local and international regulation of our business.
governmental authorities, which include health, sanitation, safety, fire
and zoning agencies in the state and/or municipality in which the Employees
restaurant is located. In addition, each Concept must comply with
various state and federal laws that regulate the franchisor/franchisee As of year end 2014, the Company and its Concepts employed
relationship. To date, the Company has not been materially adversely approximately 537,000 persons, approximately 87 percent of whom
affected by such licensing and regulation or by any difficulty, delay or were part-time. The Company believes that it provides working
failure to obtain required licenses or approvals. conditions and compensation that compare favorably with those of its
principal competitors. The majority of employees are paid on an hourly
International, China and India Operations. The Company’s basis. Some employees are subject to labor council relationships that
restaurants outside the U.S. are subject to national and local laws and vary due to the diverse cultures in which the Company operates. The
regulations which are similar to those affecting U.S. restaurants. The Company and its Concepts consider their employee relations to be
restaurants outside the U.S. are also subject to tariffs and regulations good.
on imported commodities and equipment and laws regulating foreign
investment, as well as anti-bribery and corruption laws.
Financial Information about Geographic Areas
Financial information about our significant geographic areas is incorporated herein by reference from the related Consolidated Financial
Statements in Part II, Item 8.
Available Information
The Company makes available through the Investor Relations section Our Corporate Governance Principles and our Code of Conduct are
of its internet website at http://yum.com its annual report on also located within the Investor Relations section of the Company’s
Form 10-K, quarterly reports on Form 10-Q, current reports on website. The reference to the Company’s website address does not
Form 8-K and amendments to those reports filed or furnished constitute incorporation by reference of the information contained on
pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as the website and should not be considered part of this document.
reasonably practicable after electronically filing such material with the These documents, as well as our SEC filings, are available in print free
Securities and Exchange Commission (‘‘SEC’’) at http://www.sec.gov. of charge to any shareholder who requests a copy from our Investor
These reports may also be obtained by visiting the SEC’s Public Relations Department.
Reference Room at 100 F Street, NE, Washington, DC 20549 or by
calling the SEC at 1 (800) SEC-0330.
YUM! BRANDS, INC. - 2014 Form 10-K 5
13MAR201516053226
Form 10-K