Item 8.01 Other Events.
OnNovember 3, 2019 ,McDonald's Corporation (the "Company") announced the termination of its former chief executive officer,Stephen Easterbrook , following the determination of the Board of Directors (the "Board") that he violated Company policy and demonstrated poor judgment involving a consensual relationship with an employee. Additional information aboutMr. Easterbrook's conduct has recently come to the attention of the Board through an employee report and prompted further investigation. Based on the results of the investigation, the Board concluded thatMr. Easterbrook lied to the Company and the Board and destroyed information regarding inappropriate personal behavior and in fact had been involved in sexual relationships with three additional Company employees prior to his termination, all in violation of Company policy. Had the Board been aware of this information, it would not have approved the terms of the Separation Agreement dated as ofNovember 1, 2019 , by and betweenMr. Easterbrook and the Company (the "Separation Agreement"). Accordingly, the Company has brought an action againstMr. Easterbrook in theCourt of Chancery of the State of Delaware to recover compensation and severance benefits that would not have been retained byMr. Easterbrook had he been terminated for cause. In addition, the Company has taken immediate action to preventMr. Easterbrook from exercising any stock options or selling any stock issuable in respect of outstanding equity awards. The Company's complaint alleges thatMr. Easterbrook breached his fiduciary duties as an officer and director of the Company and committed fraud in the inducement, and seeks, among other things, compensatory damages for all the amounts paid toMr. Easterbrook under the Separation Agreement and other costs and expenses incurred by the Company by virtue of his misconduct. A copy of the complaint filed by the Company with theCourt of Chancery of the State of Delaware is filed as Exhibit 99.1 and is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description 99.1 Complaint, dated as ofAugust 10, 2020 , filed byMcDonald's Corporation with theCourt of Chancery of the State of Delaware . 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
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