On May 16, 2022, McDonald's Corporation announced that a proxy advisory firm Institutional Shareholder Services (ISS) has recommended that the Company shareholders vote on the Company proxy card for all of the Company director nominees in connection with the Company's 2022 annual shareholders' meeting, scheduled to be held on May 26, 2022. The Company stated that accordingly, its Board of Directors urges shareholders to vote for all of its director nominees on the Company's proxy card and to disregard any materials, including any proxy card, that may be sent by the Icahn Group.