Starbucks Files 8-K on Officer Changes and Compensation
Ticker: SBUX · Form: 8-K · Filed: Aug 14, 2024 · CIK: 829224
| Field | Detail |
|---|---|
| Company | Starbucks Corp (SBUX) |
| Form Type | 8-K |
| Filed Date | Aug 14, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $1,600,000, $23,000,000, $10,000,000, $75,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, regulation-fd
Related Tickers: SBUX
TL;DR
Starbucks 8-K filed: Officer changes, comp plans, and Reg FD updates. Keep an eye on leadership shifts.
AI Summary
Starbucks Corporation filed an 8-K on August 14, 2024, reporting events as of August 11, 2024. The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes Regulation FD disclosures and financial statements/exhibits.
Why It Matters
This filing provides insight into potential leadership changes and executive compensation structures at Starbucks, which can impact investor confidence and company strategy.
Risk Assessment
Risk Level: low — This is a routine 8-K filing detailing corporate governance and regulatory disclosures, not indicating immediate financial distress or significant operational shifts.
Key Players & Entities
- Starbucks Corporation (company) — Registrant
- August 11, 2024 (date) — Earliest event reported
- August 14, 2024 (date) — Date of report
FAQ
What specific officer departures or appointments are detailed in this 8-K?
The filing indicates that it covers the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' but does not list specific names or details within the provided text.
Are there any new compensatory arrangements for officers mentioned?
Yes, the filing explicitly states 'Compensatory Arrangements of Certain Officers' as an item covered, though specific details are not in the provided excerpt.
What is the significance of the Regulation FD Disclosure item?
This indicates that Starbucks is making public disclosures that could be considered material non-public information, ensuring fair disclosure to all investors.
What financial statements or exhibits are included with this filing?
The filing lists 'Financial Statements and Exhibits' as an item, suggesting that relevant financial documents and supporting exhibits are part of the submission.
What is the principal executive office address for Starbucks Corporation?
The principal executive offices are located at 2401 Utah Avenue South, Seattle, Washington 98134.
Filing Stats: 1,608 words · 6 min read · ~5 pages · Grade level 11.2 · Accepted 2024-08-14 17:10:59
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share SBUX Nasdaq Global Select
- $1,600,000 — will receive an initial base salary of $1,600,000 per year, and an annual cash incentive
- $23,000,000 — al equity awards with a target value of $23,000,000, pursuant to the terms of the Company's
- $10,000,000 — ol will receive a cash signing bonus of $10,000,000, in consideration for cash incentive op
- $75,000,000 — ith a targeted grant date fair value of $75,000,000, subject to certain adjustments based o
Filing Documents
- d848513d8k.htm (8-K) — 35KB
- d848513dex101.htm (EX-10.1) — 46KB
- d848513dex991.htm (EX-99.1) — 7KB
- g848513g0813202458143.jpg (GRAPHIC) — 3KB
- g848513g0813212023156.jpg (GRAPHIC) — 4KB
- 0001193125-24-200724.txt ( ) — 236KB
- sbux-20240811.xsd (EX-101.SCH) — 3KB
- sbux-20240811_lab.xml (EX-101.LAB) — 17KB
- sbux-20240811_pre.xml (EX-101.PRE) — 11KB
- d848513d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Offer Letter dated August 11, 2024 99.1 Starbucks Corporation Press Release dated August 13, 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: August 14, 2024 By: /s/ Bradley E. Lerman Bradley E. Lerman executive vice president, chief legal officer