<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2022 Workiva--><!--r:20283c1a-3598-4350-a844-fb60238f3f32,g:259d4709-2f8a-4da1-92a2-25f1031e846e,d:70363c10c2714ee285e96cb968b0c99d--><html xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns="http://www.w3.org/1999/xhtml" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:dei="http://xbrl.sec.gov/dei/2021" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>mcd-20220214</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF80L2ZyYWc6YzRiMDBiMDQ5Y2NkNDVkM2FiYzQ3ZjE4MzA0YWUwZDkvdGFibGU6MGE3MTE5OWI2MjA3NDJlMDgzYmZhMTExMjY1Y2Q2NjkvdGFibGVyYW5nZTowYTcxMTk5YjYyMDc0MmUwODNiZmExMTEyNjVjZDY2OV81LTItMS0xLTQyNjcx_588ef193-12b7-45f2-aff6-6cfea2987960">false</ix:nonNumeric><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF80L2ZyYWc6YzRiMDBiMDQ5Y2NkNDVkM2FiYzQ3ZjE4MzA0YWUwZDkvdGFibGU6MGE3MTE5OWI2MjA3NDJlMDgzYmZhMTExMjY1Y2Q2NjkvdGFibGVyYW5nZTowYTcxMTk5YjYyMDc0MmUwODNiZmExMTEyNjVjZDY2OV83LTItMS0xLTQyNjcx_d94bd0b7-ef8b-475a-bb4c-84a221bb80e4">MCDONALDS CORP</ix:nonNumeric><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF80L2ZyYWc6YzRiMDBiMDQ5Y2NkNDVkM2FiYzQ3ZjE4MzA0YWUwZDkvdGFibGU6MGE3MTE5OWI2MjA3NDJlMDgzYmZhMTExMjY1Y2Q2NjkvdGFibGVyYW5nZTowYTcxMTk5YjYyMDc0MmUwODNiZmExMTEyNjVjZDY2OV84LTItMS0xLTQyNjcx_02ad1c7c-af62-4fe4-bdfe-d04ddbc42380">0000063908</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="mcd-20220214.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000063908</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-02-14</xbrli:startDate><xbrli:endDate>2022-02-14</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i70363c10c2714ee285e96cb968b0c99d_1"></div><div style="min-height:45pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">WASHINGTON, DC 20549</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:20.430%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8xMDg4_5770ab14-80b5-4202-b435-a0f1b8c9212e">8-K</ix:nonNumeric> </span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT PURSUANT TO</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SECTION 13 OR 15(d) OF THE</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SECURITIES EXCHANGE ACT OF 1934</span></div><div style="margin-top:3pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Date of report (Date of earliest event reported): <ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8yMjM_d6bb6dfb-e3e7-44c6-b2de-7fce87d9155e">February 14, 2022</ix:nonNumeric> </span></div><div style="margin-bottom:3pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:20.430%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%">McDONALD&#8217;S CORPORATION </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Exact Name of Registrant as Specified in Charter)</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.093%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.330%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6YjA0MTExNThlODc0NDc5YjlhMGZmMjhjMWJjMDYyMDkvdGFibGVyYW5nZTpiMDQxMTE1OGU4NzQ0NzliOWEwZmYyOGMxYmMwNjIwOV8wLTAtMS0xLTQyNjcx_62876a7f-4c55-4655-822b-b051af61d20a">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6YjA0MTExNThlODc0NDc5YjlhMGZmMjhjMWJjMDYyMDkvdGFibGVyYW5nZTpiMDQxMTE1OGU4NzQ0NzliOWEwZmYyOGMxYmMwNjIwOV8wLTItMS0xLTQyNjcx_d1c02aed-68ba-4791-8e7f-074bb7f78618">1-5231</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6YjA0MTExNThlODc0NDc5YjlhMGZmMjhjMWJjMDYyMDkvdGFibGVyYW5nZTpiMDQxMTE1OGU4NzQ0NzliOWEwZmYyOGMxYmMwNjIwOV8wLTQtMS0xLTQyNjcx_c6719396-822e-4e3d-9e83-f8b4b8e60ef5">36-2361282</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(State or Other Jurisdiction<br/>of Incorporation)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(Commission<br/>File Number)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(IRS Employer<br/>Identification No.)</span></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8xMDkw_4f055792-660d-4db7-8703-8ef9a938fcb8">110 North Carpenter Street</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8xMDgz_f82c357d-f3c0-4d88-8321-25fe53fc4a8c">Chicago</ix:nonNumeric>, <ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8xMDg0_0bbc934e-69cb-4574-9e41-745288b65704">Illinois</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Address of Principal Executive Offices)</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8xMDg1_aa7e9b3d-a5d4-466d-a213-35f1eea09467">60607</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Zip Code)</span></div><div style="margin-bottom:3pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:20.430%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8xMDg2_a00379a8-37a1-46e5-8a50-6c52889f9292">630</ix:nonNumeric>) <ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGV4dHJlZ2lvbjphZWQxZTQ1MGZiMTc0YTExYWZiMTllYjJlNTM0ZmNlOF8xMDg3_6e70a080-dce3-4c3b-9b5f-827aa9f31f29">623-3000</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Registrant&#8217;s telephone number, including area code)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-bottom:3pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:20.430%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Not Applicable</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Former Name or Former Address, if Changed Since Last Report)</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">see</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> General Instruction A.2. below):</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6N2YyYjI1YjczNTgwNGE2OThiMTMwNGEzNDhjNGRkNGYvdGFibGVyYW5nZTo3ZjJiMjViNzM1ODA0YTY5OGIxMzA0YTM0OGM0ZGQ0Zl8wLTAtMS0xLTQyNjcx_10898152-f17b-4eaa-9075-bf605c81d960">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6YzdjY2E3MGE5MTQxNDU2ODkwYjVhMmM5YTVjOGRkMGEvdGFibGVyYW5nZTpjN2NjYTcwYTkxNDE0NTY4OTBiNWEyYzlhNWM4ZGQwYV8wLTAtMS0xLTQyNjcx_fc624da7-1542-4777-a3bd-d168916a5525">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6OTNiMzEwNmRiODNmNGE2OTkxNjIzN2UzNGQ0ZDM3NmYvdGFibGVyYW5nZTo5M2IzMTA2ZGI4M2Y0YTY5OTE2MjM3ZTM0ZDRkMzc2Zl8wLTAtMS0xLTQyNjcx_ba14190f-13c7-4a32-a51f-9955fdf6be31">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6NzQ3ODhjYmRlYzI5NDEzMmJhNDhjMDg3NDUxNTgyNmIvdGFibGVyYW5nZTo3NDc4OGNiZGVjMjk0MTMyYmE0OGMwODc0NTE1ODI2Yl8wLTAtMS0xLTQyNjcx_ad18a4f7-c57e-4a0a-9fd2-3dbe2d57207e">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.666%"><tr><td style="width:1.0%"></td><td style="width:18.108%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.108%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.747%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.637%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6YWMyODUyZTA0MTJiNDMwNzg0ZGFhZTE4MTdmMDgzM2MvdGFibGVyYW5nZTphYzI4NTJlMDQxMmI0MzA3ODRkYWFlMTgxN2YwODMzY18xLTAtMS0xLTQyNjcx_f0abe5a6-06e5-4f62-9634-0303de6b2de2">Common Stock, $0.01 par value</ix:nonNumeric></span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6YWMyODUyZTA0MTJiNDMwNzg0ZGFhZTE4MTdmMDgzM2MvdGFibGVyYW5nZTphYzI4NTJlMDQxMmI0MzA3ODRkYWFlMTgxN2YwODMzY18xLTItMS0xLTQyNjcx_719544de-3f76-4d7e-9570-23ed5fa40c70">MCD</ix:nonNumeric></span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6YWMyODUyZTA0MTJiNDMwNzg0ZGFhZTE4MTdmMDgzM2MvdGFibGVyYW5nZTphYzI4NTJlMDQxMmI0MzA3ODRkYWFlMTgxN2YwODMzY18xLTMtMS0xLTQyNjcx_b781d827-649d-497b-90b7-fcac8ef9eaef">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.865%"><tr><td style="width:1.0%"></td><td style="width:22.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:41.029%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Emerging growth company&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="if1a67444529f41e698416c0f8de7a1af_D20220214-20220214" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjcwMzYzYzEwYzI3MTRlZTI4NWU5NmNiOTY4YjBjOTlkL3NlYzo3MDM2M2MxMGMyNzE0ZWUyODVlOTZjYjk2OGIwYzk5ZF8xL2ZyYWc6YWVkMWU0NTBmYjE3NGExMWFmYjE5ZWIyZTUzNGZjZTgvdGFibGU6OGRhZGJlYzczNTk1NGRlZmJmY2EzZDlkZDRiM2E1OWMvdGFibGVyYW5nZTo4ZGFkYmVjNzM1OTU0ZGVmYmZjYTNkOWRkNGIzYTU5Y18wLTEtMS0xLTQyNjcx_491bffd8-1a65-494d-95c4-122c2fe6471a">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:91.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.024%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;</span></div><div><span><br/></span></div><div><span><br/></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#9744;<br/></span></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><div id="i70363c10c2714ee285e96cb968b0c99d_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;padding-left:49.5pt;text-indent:-49.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(e) Compensatory Arrangements of Certain Officers</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 14, 2022, the Compensation Committee (the &#8220;Committee&#8221;) of the Board of Directors of McDonald's Corporation (the &#8220;Company&#8221;) approved the payout structure for the 2022 Target Incentive Plan (&#8220;TIP&#8221;) awards for executives.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The target 2022 TIP awards for the Company&#8217;s named executive officers, as reflected in the Company&#8217;s most recent proxy statement, are as shown in the table below.</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:22.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.595%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.452%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Name</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Position</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Target TIP Award as a Percentage of Base Salary</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Christopher Kempczinski</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">President and Chief Executive Officer</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">200%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Kevin Ozan</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Executive Vice President and Chief Financial Officer</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">120%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Joseph Erlinger</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">President, McDonald&#8217;s USA</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">110%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Ian Borden</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">President, International</span></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">110%<br/></span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Heidi Capozzi</span></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Executive Vice President and Chief People Officer</span></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">80%</span></td></tr></table></div><div><span style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TIP payouts will be </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TIP payouts will be primarily determined by the Company's 2022 performance on two key financial performance metrics: operating income and Systemwide sales (which include sales at all restaurants, whether operated by the Company or by franchisees).  Each of these metrics is viewed as a critical driver of the Company&#8217;s success. Operating income is a key component of the Company&#8217;s strategy because it requires the Company to balance increases in revenue with financial discipline to produce strong margins and Systemwide sales is important in our franchise model because income generation is closely correlated to sales growth. We believe that Systemwide sales is also a good measure of franchisee health given our large percentage of franchised restaurants.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Each of these metrics is measured on a consolidated or business segment level basis, as applicable to each individual. For Messrs. Kempczinski and Ozan and Ms. Capozzi, the payout will be based on consolidated performance. For Mr. Erlinger, the payout will be based on a combination of the performance of McDonald's USA and consolidated performance, and for Mr. Borden, the payout will be based on a combination of the performance of McDonald&#8217;s international markets and consolidated performance.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the above financial metrics, 2022 TIP payouts to the named executive officers listed above will also include metrics that measure the Company&#8217;s success in certain aspects with respect to human capital. In addition to strong financial performance, the Company believes it is important to hold executives accountable for making progress in diversity, equity and inclusion. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Therefore, for 2022 TIP, executives will be measured on four quantitative metrics related to championing the Company&#8217;s core values, improving diversity representation for women and underrepresented groups, and creating a strong culture of inclusion among employees. Further, in order to accelerate diversity across our global franchisee base, Messrs. Erlinger and Borden have the opportunity to receive an increased 2022 TIP payout if they increase the diversity in the franchisee pipeline to a specified level.   </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The primary 2022 TIP metrics will be operating income growth (42.5%), Systemwide sales growth (42.5%) and human capital metrics (15%).  In addition, Messrs. Erlinger and Borden have a franchisee diversity modifier that could increase the payout of their 2022 TIP award by 15 TIP points. The maximum 2022 TIP award that any of the above individuals can earn is 200% of the target award.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For compensation purposes, performance results may be adjusted from those reported in our financial statements in order to focus our executives on the fundamentals of the Company&#8217;s underlying business performance. For example, results are expressed in constant currencies to neutralize the impact of foreign currency translation.</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><div id="i70363c10c2714ee285e96cb968b0c99d_10"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div><span><br/></span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.106%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.108%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.071%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.705%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.708%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">McDONALD&#8217;S CORPORATION</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt 2px 37pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Registrant)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">February 18, 2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Denise A. Horne</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Denise A. Horne</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate Vice President, Associate General Counsel<br/>and Assistant Secretary</span></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div></body></html>
[{"type": "8-K", "sequence": "1", "filename": "mcd-20220214.htm", "description": "FORM 8-K", "secsgml_size_bytes": 45839}, {"type": "8-K", "sequence": "5", "filename": "form8k.pdf", "description": "PDF OF ENTIRE FORM 8-K", "secsgml_size_bytes": 85398}]
{"company-data": {"conformed-name": "MCDONALDS CORP", "cik": "0000063908", "assigned-sic": "5812", "irs-number": "362361282", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05231", "film-number": "22652992"}, "business-address": {"street1": "110 NORTH CARPENTER STREET", "city": "CHICAGO", "state": "IL", "zip": "60607", "phone": "630 623 3000"}, "mail-address": {"street1": "110 NORTH CARPENTER STREET", "city": "CHICAGO", "state": "IL", "zip": "60607"}}
mcd-20220214
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
February 14, 2022
McDONALD'S CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware
1-5231
36-2361282
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
110 North Carpenter Street
Chicago
,
Illinois
(Address of Principal Executive Offices)
60607
(Zip Code)
(
630
)
623-3000
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value
MCD
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Compensatory Arrangements of Certain Officers
On February 14, 2022, the Compensation Committee (the "Committee") of the Board of Directors of McDonald's Corporation (the "Company") approved the payout structure for the 2022 Target Incentive Plan ("TIP") awards for executives.
The target 2022 TIP awards for the Company's named executive officers, as reflected in the Company's most recent proxy statement, are as shown in the table below.
Name
Position
Target TIP Award as a Percentage of Base Salary
Christopher Kempczinski
President and Chief Executive Officer
200%
Kevin Ozan
Executive Vice President and Chief Financial Officer
120%
Joseph Erlinger
President, McDonald's USA
110%
Ian Borden
President, International
110%
Heidi Capozzi
Executive Vice President and Chief People Officer
80%
TIP payouts will be
TIP payouts will be primarily determined by the Company's 2022 performance on two key financial performance metrics: operating income and Systemwide sales (which include sales at all restaurants, whether operated by the Company or by franchisees).  Each of these metrics is viewed as a critical driver of the Company's success. Operating income is a key component of the Company's strategy because it requires the Company to balance increases in revenue with financial discipline to produce strong margins and Systemwide sales is important in our franchise model because income generation is closely correlated to sales growth. We believe that Systemwide sales is also a good measure of franchisee health given our large percentage of franchised restaurants.
Each of these metrics is measured on a consolidated or business segment level basis, as applicable to each individual. For Messrs. Kempczinski and Ozan and Ms. Capozzi, the payout will be based on consolidated performance. For Mr. Erlinger, the payout will be based on a combination of the performance of McDonald's USA and consolidated performance, and for Mr. Borden, the payout will be based on a combination of the performance of McDonald's international markets and consolidated performance.
In addition to the above financial metrics, 2022 TIP payouts to the named executive officers listed above will also include metrics that measure the Company's success in certain aspects with respect to human capital. In addition to strong financial performance, the Company believes it is important to hold executives accountable for making progress in diversity, equity and inclusion.
Therefore, for 2022 TIP, executives will be measured on four quantitative metrics related to championing the Company's core values, improving diversity representation for women and underrepresented groups, and creating a strong culture of inclusion among employees. Further, in order to accelerate diversity across our global franchisee base, Messrs. Erlinger and Borden have the opportunity to receive an increased 2022 TIP payout if they increase the diversity in the franchisee pipeline to a specified level.
The primary 2022 TIP metrics will be operating income growth (42.5%), Systemwide sales growth (42.5%) and human capital metrics (15%).  In addition, Messrs. Erlinger and Borden have a franchisee diversity modifier that could increase the payout of their 2022 TIP award by 15 TIP points. The maximum 2022 TIP award that any of the above individuals can earn is 200% of the target award.
For compensation purposes, performance results may be adjusted from those reported in our financial statements in order to focus our executives on the fundamentals of the Company's underlying business performance. For example, results are expressed in constant currencies to neutralize the impact of foreign currency translation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
McDONALD'S CORPORATION
(Registrant)
Date:
February 18, 2022
By:
/s/ Denise A. Horne
Denise A. Horne
Corporate Vice President, Associate General Counsel
and Assistant Secretary