Starbucks Files 8-K: Officer Changes & Compensation Details

Ticker: SBUX · Form: 8-K · Filed: 2025-03-04T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, compensation

Related Tickers: SBUX

TL;DR

SBX 8-K filed: Officer changes, director elections, and compensation details released.

AI Summary

Starbucks Corporation filed an 8-K on March 4, 2025, reporting on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. The filing 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 influence investor confidence and company strategy.

Risk Assessment

Risk Level: low — This is a routine corporate filing detailing standard board and officer changes, not indicating immediate financial distress or significant operational shifts.

Key Numbers

Key Players & Entities

FAQ

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

The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but the specific positions are not detailed in the provided text.

Are there any new directors elected according to this filing?

Yes, the filing explicitly mentions 'Election of Directors' as an item being reported.

Does this filing disclose details about executive compensation?

Yes, the filing covers 'Compensatory Arrangements of Certain Officers'.

What is the primary purpose of this 8-K filing for Starbucks?

The primary purpose is to report current events including changes in directors/officers, elections, appointments, and compensation arrangements, as well as Regulation FD disclosures and financial exhibits.

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

The filing was submitted on March 4, 2025, which is also the date of the earliest event reported.

From the Filing

0000829224-25-000016.txt : 20250304 0000829224-25-000016.hdr.sgml : 20250304 20250304083627 ACCESSION NUMBER: 0000829224-25-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20250304 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: 20250304 DATE AS OF CHANGE: 20250304 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: 25701686 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-20250304.htm 8-K sbux-20250304 false 0000829224 0000829224 2025-03-04 2025-03-04 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): March 4, 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 March 4, 2025, Starbucks Corporation (the “Company” or “Starbucks”) announced the appointment of Cathy R. Smith as executive vice president, chief financial officer and designated Ms. Smith as the Company’s principal financial officer and principal accounting officer, effective, in each case, as of a date to be determined (the “Effective Date”). Ms. Smith, age 61, joins Starbucks from Nordstrom where she has served as executive vice president, chief financial officer and

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