2 unchanged sentences
The Company believes that the ultimate liability, if any, in excess of amounts already provided for these matters in the Consolidated Financial Statements, is not likely to have a material adverse effect on the Company’s annual results of operations, financial condition or cash flows.
−Removed: Matters faced by the Company include, but are not limited to, claims from franchisees, suppliers, employees, customers, governments and others related to operational, foreign exchange, tax, franchise, contractual or employment issues as well as claims that the Company has infringed on third-party intellectual property rights.
+Added: Matters faced by the Company include, but are not limited to, claims from franchisees, suppliers, employees, customers, governments and others related to operational, foreign exchange, tax, franchise, contractual, cybersecurity or employment issues as well as claims that the Company has infringed on third-party intellectual property rights.
In addition, the Company brings claims from time-to-time relating to infringement of, or challenges to, our intellectual property, including registered marks.
22 unchanged sentences
Catlett held various YUM positions including Vice President & Associate General Counsel.
−Removed: Mark King, 63, is Chief Executive Officer of Taco Bell Division, a position he has held since August 2019.
−Removed: Before joining YUM, Mr.
−Removed: King served as President, adidas Group North America from June 2014 to June 2018 and as Chief Executive Officer of TaylorMade-adidas Golf from 2003 to 2014.
+Added: Sean Tresvant , 53, is Chief Executive Officer of Taco Bell Division.
+Added: He joined Taco Bell in January 2022 as the Global Chief Brand Officer.
+Added: In February 2023, he was elevated to Global Chief Brand & Strategy Officer, and in January 2024 he became Chief Executive Officer.
+Added: He is responsible for driving Taco Bell’s global growth strategies, franchise operations and overall performance.
+Added: He is also Vice Chairman of the Taco Bell Foundation.
+Added: Previously he spent 15 years at Nike, most recently as Chief Marketing Officer of the Jordan Brand.
Aaron Powell, 52, is Chief Executive Officer of Pizza Hut Division, a position he has held since September 2021.
27 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.