Starbucks Files Routine 8-K on Feb 5 Event; No Major News

Ticker: SBUX · Form: 8-K · Filed: 2024-02-08T00:00:00.000Z

Sentiment: neutral

Topics: administrative, 8-K, corporate-governance

TL;DR

**Starbucks filed a routine 8-K on Feb 5, no material news for traders.**

AI Summary

Starbucks Corporation filed an 8-K on February 8, 2024, reporting an event that occurred on February 5, 2024. This filing, under Item 8.01 "Other Events," indicates that Starbucks is simply updating its public record, likely for administrative purposes, rather than announcing a major new development. For investors, this filing itself doesn't signal a change in the company's financial health or strategic direction, meaning there's no immediate impact on the stock's value from this specific report.

Why It Matters

This 8-K is a standard administrative filing, not an announcement of significant financial or operational news. It primarily serves to keep the public record current, with no direct impact on investment decisions.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not disclose any information that would introduce new risks or uncertainties for investors.

Analyst Insight

A smart investor would recognize this as a routine administrative filing and would not take any immediate action based solely on this 8-K. It's important to monitor for more substantive filings or news that could impact Starbucks' business.

Key Numbers

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 5, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.

When was this 8-K filing submitted to the SEC?

This 8-K filing was filed as of February 8, 2024, according to the 'FILED AS OF DATE' in the header information.

Under which item number was the primary information reported in this 8-K?

The primary information in this 8-K was reported under 'ITEM INFORMATION: Other Events', which corresponds to Item 8.01.

What is the trading symbol for Starbucks Corporation's Common Stock?

The trading symbol for Starbucks Corporation's Common Stock is 'SBUX', as listed under 'Securities registered pursuant to Section 12(b) of the Act'.

On which exchange is Starbucks Corporation's Common Stock registered?

Starbucks Corporation's Common Stock is registered on the Nasdaq Global Select Market, as indicated in the 'Name of each exchange on which registered' section.

From the Filing

0001193125-24-028387.txt : 20240208 0001193125-24-028387.hdr.sgml : 20240208 20240208162807 ACCESSION NUMBER: 0001193125-24-028387 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240205 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STARBUCKS CORP CENTRAL INDEX KEY: 0000829224 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING & DRINKING PLACES [5810] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 911325671 STATE OF INCORPORATION: WA FISCAL YEAR END: 0927 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20322 FILM NUMBER: 24609489 BUSINESS ADDRESS: STREET 1: P O BOX 34067 CITY: SEATTLE STATE: WA ZIP: 98124-1067 BUSINESS PHONE: 2064471575 MAIL ADDRESS: STREET 1: 2401 UTAH AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98134 8-K 1 d718817d8k.htm 8-K 8-K STARBUCKS CORP false 0000829224 0000829224 2024-02-05 2024-02-05     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2024     Starbucks Corporation (Exact name of registrant as specified in its charter)       Washington   000-20322   91-1325671 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 2401 Utah Avenue South , Seattle , Washington 98134 (Address of principal executive offices) (Zip Code) (206) 447-1575 (Registrant’s telephone number, including area code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title    Trading Symbol    Name of each exchange on which registered Common Stock, par value $0.001 per share    SBUX    Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 8.01 Other Events. On February 8, 2024, Starbucks Corporation (“ Starbucks ” or the “ Company ”) completed a public offering pursuant to an underwriting agreement (the “ Underwriting Agreement ”), dated February 5, 2024, with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, under which Starbucks agreed to issue and sell to the several underwriters (i) $1,000,000,000 aggregate principal amount of its 4.850% Senior Notes due 2027 (the “ 2027 Notes ”), (ii) $500,000,000 aggregate principal amount of its 4.900% Senior Notes due 2031 (the “ 2031 Notes ”) and

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