Starbucks 8-K: Officer/Director Changes, Comp Arrangements on Jan 9
Ticker: SBUX · Form: 8-K · Filed: Jan 9, 2024 · CIK: 829224
| Field | Detail |
|---|---|
| Company | Starbucks Corp (SBUX) |
| Form Type | 8-K |
| Filed Date | Jan 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Starbucks filed an 8-K on Jan 9 for executive changes and compensation.**
AI Summary
Starbucks Corporation filed an 8-K on January 9, 2024, to report an event related to the departure or election of directors or officers, and compensatory arrangements for certain officers. This filing also indicates that Starbucks is soliciting material pursuant to Rule 14a-12 under the Exchange Act. For investors, this matters because changes in leadership or executive compensation can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership or compensation structures can influence investor confidence and the company's strategic direction, directly affecting Starbucks' stock valuation.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty, but the specific details of the changes are not provided in this summary, making the risk level moderate.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements to assess their potential impact on Starbucks' future performance.
Key Players & Entities
- Starbucks Corporation (company) — the registrant filing the 8-K
- January 9, 2024 (date) — date of earliest event reported and filing date
- SBUX (company) — trading symbol for Starbucks Common Stock
- Nasdaq Global Select Market (company) — exchange where Starbucks Common Stock is registered
FAQ
What was the specific date of the earliest event reported in this 8-K filing by Starbucks Corporation?
The earliest event reported in this 8-K filing by Starbucks Corporation occurred on January 9, 2024.
Which items of the SEC form 8-K were reported by Starbucks Corporation in this filing?
Starbucks Corporation reported on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' in this 8-K filing.
What is the trading symbol and the exchange where Starbucks Corporation's Common Stock is registered?
Starbucks Corporation's Common Stock trades under the symbol SBUX and is registered on the Nasdaq Global Select Market.
Is Starbucks Corporation considered an emerging growth company according to this filing?
No, the filing indicates with a '☐' that Starbucks Corporation is not an emerging growth company.
What is the business address of Starbucks Corporation as stated in the filing?
The business address of Starbucks Corporation is 2401 Utah Avenue South, Seattle, Washington 98134.
Filing Stats: 638 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-01-09 16:26:57
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share SBUX Nasdaq Global Select Mar
Filing Documents
- sbux-20240109.htm (8-K) — 32KB
- a20240109-boardannouncemen.htm (EX-99.1) — 33KB
- image_0.jpg (GRAPHIC) — 47KB
- sbux-20240109_g1.jpg (GRAPHIC) — 516KB
- 0000829224-24-000003.txt ( ) — 1637KB
- sbux-20240109.xsd (EX-101.SCH) — 2KB
- sbux-20240109_lab.xml (EX-101.LAB) — 24KB
- sbux-20240109_pre.xml (EX-101.PRE) — 13KB
- sbux-20240109_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Starbucks Corporation Press Release dated January 9, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL)
SIGNATURES
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. STARBUCKS CORPORATION Dated: January 9, 2024 By: /s/ Bradley E. Lerman Bradley E. Lerman executive vice president, general counsel