Starbucks Details Proxy Voting Process for Shareholders
Ticker: SBUX · Form: DEFA14A · Filed: Feb 9, 2024 · CIK: 829224
| Field | Detail |
|---|---|
| Company | Starbucks Corp (SBUX) |
| Form Type | DEFA14A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: proxy-statement, corporate-governance, shareholder-vote
TL;DR
**Starbucks just dropped voting instructions for shareholders; grab your WHITE proxy card to vote by mail, web, or phone.**
AI Summary
Starbucks Corporation filed a DEFA14A on February 9, 2024, providing additional materials for its proxy statement. This filing specifically details how shareholders can vote their shares, emphasizing the use of a unique control number found on their WHITE proxy card or voting instruction form. Shareholders can vote by mail, internet, or toll-free telephone. This matters to investors because it outlines the process for participating in important corporate governance decisions, ensuring their voice is heard on matters like board elections or executive compensation.
Why It Matters
This filing ensures shareholders understand how to exercise their voting rights, which is crucial for influencing company direction and holding management accountable.
Risk Assessment
Risk Level: low — This filing is purely procedural, providing instructions for shareholder voting, and does not introduce new financial or operational risks.
Analyst Insight
An investor should review their mail or email for the WHITE proxy card or voting instruction form to ensure they have their control number and understand the voting deadlines to participate in corporate governance.
Key Players & Entities
- STARBUCKS CORP (company) — the registrant filing the DEFA14A
- February 9, 2024 (date) — date the additional webpage was posted and the filing was made
- WHITE proxy card (document) — the primary document containing voting instructions and control number
- WHITE voting instruction form (document) — alternative document containing voting instructions and control number
FAQ
What type of filing is this document?
This document is a DEFA14A, specifically categorized as 'Definitive Additional Materials' for a Schedule 14A Proxy Statement, as indicated by the checked box in the filing.
When was this DEFA14A filing made by Starbucks Corporation?
The DEFA14A filing was made on February 9, 2024, and the additional webpage it references was also posted on this date.
What is the primary purpose of this DEFA14A filing?
The primary purpose of this DEFA14A filing is to provide shareholders with additional information and frequently asked questions regarding how to vote their shares for the upcoming proxy statement, specifically detailing methods like mail, internet, and telephone.
Where can shareholders find their control number for electronic voting?
Shareholders can find their control number on their WHITE proxy card or WHITE voting instruction form received by mail, or in the email from their broker if they received proxy materials electronically. The filing explicitly states that control numbers are specific to each account and change annually.
What are the different methods shareholders can use to vote their shares according to this filing?
According to the filing, shareholders can vote their shares by mail using the postage-paid envelope provided with their WHITE proxy card, electronically via the internet using the website indicated on their proxy materials, or by toll-free telephone, depending on how they hold their shares.
Filing Stats: 1,533 words · 6 min read · ~5 pages · Grade level 11.5 · Accepted 2024-02-09 16:16:00
Filing Documents
- d746799ddefa14a.htm (DEFA14A) — 28KB
- g746799g60i60.jpg (GRAPHIC) — 61KB
- 0001193125-24-030006.txt ( ) — 112KB
Forward-Looking Statements
Forward-Looking Statements This communication contains forward-looking statements about future events and circumstances. Generally speaking, any statement not based upon historical fact is a forward-looking statement. In particular, statements regarding Starbucks Corporation (Starbucks) plans, strategies, prospects, and expectations regarding its business and industry are forward-looking statements. They reflect Starbucks expectations, are not guarantees of performance, and speak only as of the date hereof. Except as required by law, Starbucks does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking filings with the U.S. Securities and Exchange Commission (the SEC). Important Shareholder Information Starbucks filed a definitive proxy statement and a white proxy card with the SEC in connection with its solicitation of proxies for its 2024 Annual Meeting. STARBUCKS SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING WHITE PROXY CARD, AND ANY AMENDMENTS AND SUPPLEMENTS TO THESE DOCUMENTS, AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may or will be able to obtain the proxy statement, any amendments or supplements to the proxy statement, and other documents without charge from the SECs website at www.sec.gov. Participant Information Starbucks, its directors, director nominees, certain of its officers, and other employees are or will be participants (as defined in Section 14(a) of the Exchange Act of 1934) in the solicitation of proxies from Starbucks shareholders in connection with the matters to be considered at the 2024 Annual Meeting. The identity, their direct or indirect interests (by security holdings or otherwise), and other information relating to the partici