Glass Lewis backs Starbucks director nominees

TL;DR

Glass Lewis says VOTE YES on all Starbucks directors, just like ISS.

AI Summary

Starbucks Corporation (SBUX) has issued a DEFA14A filing on March 1, 2024, announcing that Glass Lewis recommends shareholders vote FOR all of Starbucks' director nominees. This follows a similar recommendation from ISS, indicating strong support for the company's proposed board slate.

Why It Matters

Proxy advisory firms like Glass Lewis and ISS provide recommendations to institutional investors on how to vote on company matters, influencing shareholder decisions on board composition and corporate governance.

Risk Assessment

Risk Level: low — The filing is a routine proxy statement update and does not contain information that suggests immediate financial or operational risk.

Key Players & Entities

• Starbucks Corporation (company) — Registrant
• Glass Lewis (company) — Proxy advisory firm
• ISS (company) — Proxy advisory firm
• March 1, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $9 billion — he past three years has invested nearly $9 billion to augment the partner experience. Sta

Filing Documents

• eh240453671_defa14a.htm (DEFA14A) — 18KB
• logo.jpg (GRAPHIC) — 12KB
• 0000950142-24-000606.txt ( ) — 36KB

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 statements. Starbucks business results are subject to a variety of risks, including those that are described in its Annual Report on Form 10-K for the fiscal year ended October 1, 2023 and subsequent 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 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

View Full Filing

View this DEFA14A filing on SEC EDGAR