Starbucks Files 8-K on Officer Changes and Compensation

Ticker: SBUX · Form: 8-K · Filed: 2024-08-14T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, regulation-fd

Related Tickers: SBUX

TL;DR

Starbucks 8-K filed: Officer changes, comp plans, and Reg FD updates. Keep an eye on leadership shifts.

AI Summary

Starbucks Corporation filed an 8-K on August 14, 2024, reporting events as of August 11, 2024. The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

This filing provides insight into potential leadership changes and executive compensation structures at Starbucks, which can impact investor confidence and company strategy.

Risk Assessment

Risk Level: low — This is a routine 8-K filing detailing corporate governance and regulatory disclosures, not indicating immediate financial distress or significant operational shifts.

Key Players & Entities

FAQ

What specific officer departures or appointments are detailed in this 8-K?

The filing indicates that it covers the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' but does not list specific names or details within the provided text.

Are there any new compensatory arrangements for officers mentioned?

Yes, the filing explicitly states 'Compensatory Arrangements of Certain Officers' as an item covered, though specific details are not in the provided excerpt.

What is the significance of the Regulation FD Disclosure item?

This indicates that Starbucks is making public disclosures that could be considered material non-public information, ensuring fair disclosure to all investors.

What financial statements or exhibits are included with this filing?

The filing lists 'Financial Statements and Exhibits' as an item, suggesting that relevant financial documents and supporting exhibits are part of the submission.

What is the principal executive office address for Starbucks Corporation?

The principal executive offices are located at 2401 Utah Avenue South, Seattle, Washington 98134.

From the Filing

0001193125-24-200724.txt : 20240814 0001193125-24-200724.hdr.sgml : 20240814 20240814171059 ACCESSION NUMBER: 0001193125-24-200724 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240811 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240814 DATE AS OF CHANGE: 20240814 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: 241209450 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 d848513d8k.htm 8-K 8-K STARBUCKS CORP false 0000829224 0000829224 2024-08-11 2024-08-11     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): August 11, 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 Selection 13(a) of the Exchange Act. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 13, 2024, Starbucks Corporation (the “Company” or “Starbucks”) announced that the board of directors of the Company (the “Board”) approved the appointment of Brian Niccol as chief executive officer of the Company and chairman of the Board, effective September 9, 2024 (the “Effective Date”). In connection with Mr. Niccol’s appointment as chairman of the Board, the Board created a le

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