Starbucks 8-K: Officer Changes and Financials

Ticker: SBUX · Form: 8-K · Filed: 2025-01-16T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, financials

Related Tickers: SBUX

TL;DR

Starbucks filed an 8-K on Jan 14th covering exec changes and financials.

AI Summary

Starbucks Corporation filed an 8-K on January 16, 2025, reporting events on January 14, 2025. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.

Why It Matters

This filing indicates potential shifts in Starbucks' leadership and governance, which could impact strategic direction and investor confidence.

Risk Assessment

Risk Level: low — This is a routine filing reporting on corporate governance and financial information, not indicating immediate operational or financial distress.

Key Players & Entities

FAQ

What specific officer positions were affected by the changes reported in this 8-K?

The filing indicates "Departure of Directors or Certain Officers" and "Appointment of Certain Officers" but does not specify the exact positions in the provided text.

Are there any details about the new directors or officers elected or appointed?

The filing mentions the "Election of Directors" and "Appointment of Certain Officers" but the specific names and details of these individuals are not included in the provided excerpt.

What type of financial statements or exhibits are included with this filing?

The filing states "Financial Statements and Exhibits" are included, but the specific nature or content of these documents is not detailed in the provided text.

Does the filing mention any changes to executive compensation arrangements?

Yes, the filing lists "Compensatory Arrangements of Certain Officers" as an item information, suggesting potential changes or disclosures related to executive pay.

What is the primary reason for this 8-K filing according to the reported items?

The filing is primarily to report on the "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" and "Financial Statements and Exhibits."

From the Filing

0000829224-25-000003.txt : 20250116 0000829224-25-000003.hdr.sgml : 20250116 20250116161016 ACCESSION NUMBER: 0000829224-25-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20250114 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250116 DATE AS OF CHANGE: 20250116 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: 25535815 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 sbux-20250114.htm 8-K sbux-20250114 false 0000829224 0000829224 2025-01-14 2025-01-14 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): January 14, 2025 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.     o Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 14, 2025, Mellody Hobson informed Starbucks Corporation (the “Company”) that she will not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders. Ms. Hobson will continue to serve through the remainder of her current term. Ms. Hobson’s decision was not related to any disagreement with the Company on any matter relating to its operations, policies, or practices. A copy of the Ms. Hobson’s letter to the board is attached as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Ex

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