Corporate AffairsThe club
The membership/File 002

Membership file / 002

Steve
Easterbrook.

Former McDonald's CEO

The exit package came with a return policy.

The public record

Admissions & renewals.

Last reviewed

Dates refer to statements or reports. The 2020 renewal records additional relationships alleged by the company. The settlement and regulatory action are later updates to that case.

  1. Regulatory notice
    SEC findings

    SEC charges Easterbrook over exit disclosures

    The Securities and Exchange Commission found that Easterbrook misled investors about his dismissal. He settled without admitting or denying the findings. The order imposed a five-year officer and director ban and a $400,000 penalty.

    U.S. Securities and Exchange Commission

    Club secretary's noteThe club has no board seat to offer him.

  2. Membership expenses
    Company settlement

    Easterbrook returns more than $105 million

    McDonald's announced a settlement of its lawsuit. Easterbrook returned cash and equity awards worth more than $105 million.

    McDonald's statement

    Club secretary's noteAn expensive way to cancel a benefits package.

  3. Renewal no. 01
    Company allegations

    McDonald's alleges three more employee relationships

    McDonald's sued Easterbrook to recover his severance. The company said its investigation found three additional employee relationships and alleged that he concealed them.

    McDonald's filing

    Club secretary's noteHis original application omitted the attachments.

  4. Membership begins
    Company announcement

    McDonald's announces Easterbrook's departure

    McDonald's said Easterbrook left after its board found that a consensual employee relationship violated company policy.

    McDonald's statement

    Club secretary's noteNo application necessary. No employee discount.