Starbucks Files Routine 8-K on Feb 5 Event; No Major News
Ticker: SBUX · Form: 8-K · Filed: Feb 8, 2024 · CIK: 829224
| Field | Detail |
|---|---|
| Company | Starbucks Corp (SBUX) |
| Form Type | 8-K |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $1,000,000,000, $500,000,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: administrative, 8-K, corporate-governance
TL;DR
**Starbucks filed a routine 8-K on Feb 5, no material news for traders.**
AI Summary
Starbucks Corporation filed an 8-K on February 8, 2024, reporting an event that occurred on February 5, 2024. This filing, under Item 8.01 "Other Events," indicates that Starbucks is simply updating its public record, likely for administrative purposes, rather than announcing a major new development. For investors, this filing itself doesn't signal a change in the company's financial health or strategic direction, meaning there's no immediate impact on the stock's value from this specific report.
Why It Matters
This 8-K is a standard administrative filing, not an announcement of significant financial or operational news. It primarily serves to keep the public record current, with no direct impact on investment decisions.
Risk Assessment
Risk Level: low — This filing is purely administrative and does not disclose any information that would introduce new risks or uncertainties for investors.
Analyst Insight
A smart investor would recognize this as a routine administrative filing and would not take any immediate action based solely on this 8-K. It's important to monitor for more substantive filings or news that could impact Starbucks' business.
Key Numbers
- $0.001 — Par value per share (The par value of Starbucks' Common Stock, as stated in the filing.)
Key Players & Entities
- Starbucks Corporation (company) — the registrant filing the 8-K
- February 5, 2024 (date) — date of the earliest event reported
- February 8, 2024 (date) — date the 8-K was filed
- 0000829224 (company) — Starbucks' Central Index Key (CIK)
- 000-20322 (company) — Starbucks' Commission File Number
- $0.001 (dollar_amount) — par value per share of Common Stock
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 5, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
When was this 8-K filing submitted to the SEC?
This 8-K filing was filed as of February 8, 2024, according to the 'FILED AS OF DATE' in the header information.
Under which item number was the primary information reported in this 8-K?
The primary information in this 8-K was reported under 'ITEM INFORMATION: Other Events', which corresponds to Item 8.01.
What is the trading symbol for Starbucks Corporation's Common Stock?
The trading symbol for Starbucks Corporation's Common Stock is 'SBUX', as listed under 'Securities registered pursuant to Section 12(b) of the Act'.
On which exchange is Starbucks Corporation's Common Stock registered?
Starbucks Corporation's Common Stock is registered on the Nasdaq Global Select Market, as indicated in the 'Name of each exchange on which registered' section.
Filing Stats: 1,507 words · 6 min read · ~5 pages · Grade level 10.1 · Accepted 2024-02-08 16:28:07
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share SBUX Nasdaq Global Select
- $1,000,000,000 — nd sell to the several underwriters (i) $1,000,000,000 aggregate principal amount of its 4.850
- $500,000,000 — tes due 2027 (the " 2027 Notes "), (ii) $500,000,000 aggregate principal amount of its 4.900
Filing Documents
- d718817d8k.htm (8-K) — 35KB
- d718817dex11.htm (EX-1.1) — 164KB
- d718817dex42.htm (EX-4.2) — 255KB
- d718817dex51.htm (EX-5.1) — 10KB
- g718817g0206203243189.jpg (GRAPHIC) — 2KB
- g718817g0208224207831.jpg (GRAPHIC) — 3KB
- 0001193125-24-028387.txt ( ) — 693KB
- sbux-20240205.xsd (EX-101.SCH) — 3KB
- sbux-20240205_lab.xml (EX-101.LAB) — 17KB
- sbux-20240205_pre.xml (EX-101.PRE) — 11KB
- d718817d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 1.1 Underwriting Agreement, dated February 5, 2024, by and among Starbucks Corporation and Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, acting as representatives of the several underwriters named therein 4.1 Indenture, dated as of September 15, 2016, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee (as successor in interest to U.S. Bank National Association) (incorporated herein by reference to Exhibit 4.1 to the Starbucks Corporation Registration Statement on Form S-3 (SEC Registration No. 333-233771) filed on September 13, 2019) 4.2 Tenth Supplemental Indenture, dated as of February 8, 2024, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee and as successor in interest to U.S. Bank National Association 4.3 Form of 4.850% Senior Notes due 2027 (included as Exhibit A to Exhibit 4.2) 4.4 Form of 4.900% Senior Notes due 2031 (included as Exhibit B to Exhibit 4.2) 4.5 Form of 5.000% Senior Notes due 2034 (included as Exhibit C to Exhibit 4.2) 5.1 Opinion of Orrick, Herrington & Sutcliffe LLP 23.1 Consent of Orrick, Herrington & Sutcliffe LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (formatted as inline XBRL) SIGNATURE 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: February 8, 2024 By: /s/ Bradley E. Lerman Bradley E. Lerman executive vice president, general counsel