Starbucks Files Definitive Additional Proxy Materials, Sara Kelly Remarks

TL;DR

**Starbucks just dropped more proxy materials, including remarks from their Chief Partner Officer, Sara Kelly, for shareholder talks.**

AI Summary

Starbucks Corporation filed a DEFA14A on February 27, 2024, indicating definitive additional materials related to a proxy statement. The filing included remarks from Sara Kelly, EVP, Chief Partner Officer, posted on Starbucks' investor relations website, intended for discussions with shareholders. This filing is part of the 1934 Act, with Starbucks' CIK being 0000829224.

Why It Matters

This filing provides additional context for shareholder discussions, potentially influencing investor sentiment and corporate governance decisions at Starbucks.

Risk Assessment

Risk Level: low — This is a routine filing for additional proxy materials and does not indicate any immediate financial or operational risk.

Key Players & Entities

• Starbucks Corporation (company) — Registrant
• Sara Kelly (person) — EVP, Chief Partner Officer
• February 27, 2024 (date) — Filing Date
• 0000829224 (company) — Central Index Key (CIK) for Starbucks

FAQ

From the Filing

0000950142-24-000561.txt : 20240227 0000950142-24-000561.hdr.sgml : 20240227 20240227171544 ACCESSION NUMBER: 0000950142-24-000561 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240227 DATE AS OF CHANGE: 20240227 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: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20322 FILM NUMBER: 24688478 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 DEFA14A 1 eh240452341_defa14a.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material Pursuant to §240.14a-12 Starbucks Corporation (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 On February 27, 2024, Starbucks posted the following remarks on its investor relations website, which may be referenced in discussions with shareholders. A message from Sara Kelly, evp, chief partner officer, Starbucks Coffee Company: In December, we shared a letter with Workers United expressing our sincere desire to work together, with the goal of completing bargaining and contract ratification in 2024 for stores that have chosen to be represented by Workers United. Since Laxman became ceo, he’s spent time in our stores, listening to, and learning from, partners. He’s been clear that we are deeply committed to delivering on our partner promise and to restitching the fabric of the green apron for all partners at Starbucks. I want to let you know that we have reached an important milestone. We have agreed with Workers United that we will begin discussions on a foundational framework designed to achieve collective bargaining agreements, including a fair process for organizing, and the resolution of some outstanding litigation. There is a lot of work ahead, but this is an important, positive step. It is a clear demonstration of our intent to build a constructive relationship with Workers United in the interests of our partners. I want to acknowledge and appreciate the union’s willingness to do the same. Our partners are the core of our business, and we are committed to providing everyone who wears the green apron a bridge to a better future. Further, the Company issued the following statement: Starbucks and Workers United have a shared commitment to establishing a positive relationship in the interests of Starbucks partners. During mediation discussions last week for the ongoing brand and IP litigation, it became clear that there was a constructive path forward on the broader issue of the future of organizing and collective bargaining at Starbucks. Starbucks and Workers United have agreed to begin discussions on a foundational framework designed to achieve both collective bargaining agreements for represented stores and partners, and the resolution of litigation between the union and the company. This includes resolving litigation related to both the partner