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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