Pizza Hut 2015 Annual Report Download - page 37

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YUM! BRANDS, INC.-2016Proxy Statement 23
Proxy Statement
MATTERS REQUIRING SHAREHOLDER ACTION
If elected, we expect that all of the aforementioned nominees will serve as directors and hold office until the 2017 Annual
Meeting of Shareholders and until their respective successors have been elected and qualified.
What is the recommendation of the Board of Directors?
The Board of Directors recommends that you vote FOR the election of these nominees.
What if a nominee is unwilling or unable to serve?
That is not expected to occur. If it does, proxies may be voted for a substitute nominated by the Board of Directors.
What vote is required to elect directors?
A nominee will be elected as a director if the number of “FOR” votes exceeds the number of “AGAINST” votes with respect
to his or her election.
Our policy regarding the election of directors can be found in our Governance Principles at
www.yum.com/investors/governance/principles.asp and at page 9 under “What other significant Board practices does
the Company have? — Majority Voting Policy.”