Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

This is an amendment to Item 5.02(c) of the Form 8-K that was filed by McDonald's Corporation (the "Company") on June 27, 2022, which reported that on the same day, the Company announced that Ian Borden was promoted to Executive Vice President and Chief Financial Officer, effective September 1, 2022. In connection with Mr. Borden's promotion, on July 27, 2022, the Compensation Committee of the Company's Board of Directors increased Mr. Borden's annual base salary 7.3% to $900,000 and increased his target annual bonus opportunity from 110% to 120% of his annual base salary, both effective September 1, 2022. As a result of his promotion, Mr. Borden will relocate from the U.K. to the U.S. and will receive relocation benefits pursuant to the Company's relocation program.

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