Starbucks Announces Executive and Board Changes
Ticker: SBUX · Form: 8-K · Filed: May 31, 2024 · CIK: 829224
| Field | Detail |
|---|---|
| Company | Starbucks Corp (SBUX) |
| Form Type | 8-K |
| Filed Date | May 31, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, executive-compensation
Related Tickers: SBUX
TL;DR
Starbucks shakes up exec team and board effective May 30th.
AI Summary
Starbucks Corporation announced on May 30, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. These changes are effective as of May 30, 2024.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Starbucks Corporation (company) — Registrant
- May 30, 2024 (date) — Effective date of changes
FAQ
What specific roles have seen departures or appointments?
The filing indicates departures of certain officers and directors, and the election of new directors, but does not specify the exact roles affected in this excerpt.
Are there any changes to executive compensation arrangements?
Yes, the filing mentions updates to compensatory arrangements of certain officers.
When were these changes effective?
The changes reported in this Form 8-K were effective as of May 30, 2024.
What is Starbucks Corporation's principal executive office address?
The principal executive offices are located at 2401 Utah Avenue South, Seattle, Washington 98134.
What is the SIC code for Starbucks Corporation?
The Standard Industrial Classification (SIC) code for Starbucks Corporation is 5810 (RETAIL-EATING & DRINKING PLACES).
Filing Stats: 436 words · 2 min read · ~1 pages · Grade level 11.8 · Accepted 2024-05-31 16:09:44
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share SBUX Nasdaq Global Select Mar
Filing Documents
- sbux-20240530.htm (8-K) — 30KB
- a20240530-resignationlette.htm (EX-99.1) — 4KB
- sbux-20240530_g1.jpg (GRAPHIC) — 516KB
- 0000829224-24-000033.txt ( ) — 1532KB
- sbux-20240530.xsd (EX-101.SCH) — 2KB
- sbux-20240530_lab.xml (EX-101.LAB) — 22KB
- sbux-20240530_pre.xml (EX-101.PRE) — 13KB
- sbux-20240530_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Resignation Letter from Satya Nadella dated May 30, 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: May 31, 2024 By: /s/ Bradley E. Lerman Bradley E. Lerman executive vice president, chief legal officer