Starbucks 8-K: Officer Changes & Compensation Details
Ticker: SBUX · Form: 8-K · Filed: Nov 21, 2024 · CIK: 829224
| Field | Detail |
|---|---|
| Company | Starbucks Corp (SBUX) |
| Form Type | 8-K |
| Filed Date | Nov 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $75,000,000 b, $80,000,000, $23,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-changes, compensation, corporate-governance
Related Tickers: SBUX
TL;DR
Starbucks filed an 8-K detailing officer changes and compensation, plus financial exhibits.
AI Summary
Starbucks Corporation filed an 8-K on November 21, 2024, reporting events as of November 19, 2024. The filing primarily concerns the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with details on compensatory arrangements for these individuals. It also includes financial statements and exhibits.
Why It Matters
This filing provides insight into potential leadership changes and executive compensation structures at Starbucks, which can influence investor confidence and company strategy.
Risk Assessment
Risk Level: medium — Changes in executive officers and compensation can signal shifts in company strategy or internal dynamics that may affect future performance.
Key Players & Entities
- Starbucks Corporation (company) — Registrant
- 0000829224-24-000059 (filing_id) — Accession Number
- November 19, 2024 (date) — Earliest event reported
- November 21, 2024 (date) — Filing Date
- 2064471575 (phone_number) — Registrant's telephone number
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers', 'Election of Directors', and 'Appointment of Certain Officers', but does not specify the exact positions in the provided text.
Are the details of the compensatory arrangements for the officers included in this filing?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item being reported, suggesting that details are provided, though not explicitly listed in the excerpt.
What is the primary purpose of this Form 8-K filing for Starbucks?
The primary purpose is to report significant corporate events, including changes in directors or officers, and related compensation, as well as to file financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on November 19, 2024.
What is Starbucks Corporation's principal executive office address?
Starbucks Corporation's principal executive offices are located at 2401 Utah Avenue South, Seattle, Washington 98134.
Filing Stats: 697 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-11-21 16:06:50
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share SBUX Nasdaq Global Select Mar
- $75,000,000 b — grant date fair value) of no less than $75,000,000 but no more than $80,000,000 on the date
- $80,000,000 — less than $75,000,000 but no more than $80,000,000 on the date of grant, which should be c
- $23,000,000 — than a target grant date fair value) of $23,000,000 on the date of grant, with the number o
Filing Documents
- sbux-20241119.htm (8-K) — 31KB
- privilegedandconfidentiala.htm (EX-10.1) — 8KB
- image_0a.jpg (GRAPHIC) — 79KB
- sbux-20241119_g1.jpg (GRAPHIC) — 516KB
- 0000829224-24-000059.txt ( ) — 1649KB
- sbux-20241119.xsd (EX-101.SCH) — 2KB
- sbux-20241119_lab.xml (EX-101.LAB) — 22KB
- sbux-20241119_pre.xml (EX-101.PRE) — 13KB
- sbux-20241119_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Letter Agreement Amending Offer Letter dated November 19, 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: November 21, 2024 By: /s/ Bradley E. Lerman Bradley E. Lerman executive vice president, chief legal officer