Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Election of New Director
On September 30, 2022, the Board of Directors (the "Board") of McDonald's
Corporation (the "Company") increased the size of the Board to a total of 15
Directors and elected Kareem Daniel as a Director, both effective October 1,
2022. The Board has not elected Mr. Daniel to any Board Committee at this time.
The Board determined that Mr. Daniel is independent as defined by the New York
Stock Exchange listing standards. Mr. Daniel does not have any material
relationships with the Company, and there are no transactions between him and
the Company that would be required to be reported under Item 404(a) of
Regulation S-K. There is also no arrangement or understanding between Mr. Daniel
and the Company pursuant to which he was selected as a Director. Mr. Daniel will
receive compensation generally consistent with that received by non-employee
Directors, as described in the Company's most recent Proxy Statement for the
2022 Annual Meeting of Shareholders, as may be modified by the Board for all
non-executive Directors, from time to time.
A copy of the press release issued by the Company on October 3, 2022 announcing
the above actions is attached as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release of McDonald's Corporation issued October 3, 2022:
Kareem Daniel Elected to McDonald's Board of Directors
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