Starbucks Corp 8-K, filed Mar 14, 2025
Starbucks Corp (SBUX)
8-K
2025-03-14
For: 2025-03-12
View Original
Added on
April 10, 2026
About this 8-K
Starbucks Corp filed this 8-K on March 14, 2025, reporting on events of March 12, 2025.
Items reported
- Item 5.07: Shareholder vote results
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 12, 2025
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(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 | ||||||
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 5.07 Submission of Matters to a Vote of Security Holders.
On March 12, 2025, Starbucks Corporation (the “Company”) held its 2025 Annual Meeting of Shareholders (the “Annual Meeting”). The matters submitted to a vote at the Annual Meeting and the voting results of such matters are as follows:
Proposal 1 - Election of Directors
The Company’s shareholders elected each of the nine directors nominated by the Company’s Board of Directors to serve until the 2026 Annual Meeting of Shareholders or until their successors are duly elected and qualified. The following is a breakdown of the voting results:
Name of Nominee | For | Withheld | ||||||
Ritch Allison | 780,843,413 | 28,943,341 | ||||||
Andy Campion | 782,419,135 | 27,371,035 | ||||||
Beth Ford | 766,555,326 | 43,292,816 | ||||||
Jørgen Vig Knudstorp | 722,996,757 | 86,220,203 | ||||||
Neal Mohan | 788,301,235 | 21,457,482 | ||||||
Brian Niccol | 768,433,940 | 38,730,140 | ||||||
Daniel Servitje | 802,090,762 | 7,646,606 | ||||||
Mike Sievert | 799,285,852 | 10,481,652 | ||||||
Wei Zhang | 788,991,961 | 20,758,112 | ||||||
Proposal 2 - Advisory Resolution on Executive Compensation
At the Annual Meeting, the shareholders approved, on a nonbinding, advisory basis, the compensation paid to the Company’s named executive officers. The following is a breakdown of the voting results:
For | Against | Abstain | Broker Non-Votes | ||||||||
| 694,544,143 | 112,420,714 | 4,156,436 | 147,722,569 | ||||||||
Proposal 3 - Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2025
At the Annual Meeting, the shareholders approved the ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 29, 2024. The following is a breakdown of the voting results:
For | Against | Abstain | Broker Non-Votes | ||||||||
| 912,183,923 | 45,245,113 | 1,414,826 | —— | ||||||||
Proposal 4 - Shareholder Proposal Requesting an Annual Report on Discrimination Risks Related to Charitable Giving
At the Annual Meeting, the shareholders did not approve a shareholder proposal requesting an annual report on discrimination risks related to charitable giving. The following is a breakdown of the voting results:
For | Against | Abstain | Broker Non-Votes | ||||||||
| 6,595,545 | 796,543,202 | 7,982,546 | 147,722,569 | ||||||||
Proposal 5 - Shareholder Proposal Regarding Independent Board Chair Requirements
At the Annual Meeting, the shareholders did not approve a shareholder proposal regarding independent board chair requirements. The following is a breakdown of the voting results:
For | Against | Abstain | Broker Non-Votes | ||||||||
| 124,483,546 | 684,399,600 | 2,238,147 | 147,722,569 | ||||||||
Proposal 6 - Shareholder Proposal Requesting a Report on Human Rights Risks Related to Labor Organizing
At the Annual Meeting, the shareholders did not approve a shareholder proposal requesting a report on human rights risks related to labor organizing. The following is a breakdown of the voting results:
For | Against | Abstain | Broker Non-Votes | ||||||||
| 7,781,547 | 796,543,775 | 6,795,971 | 147,722,569 | ||||||||
Proposal 7 - Shareholder Proposal Requesting Disclosure on Cage-Free Egg Commitments in China and Japan
At the Annual Meeting, the shareholders did not approve a shareholder proposal requesting disclosure on cage-free egg commitments in China and Japan. The following is a breakdown of the voting results:
For | Against | Abstain | Broker Non-Votes | ||||||||
| 62,795,147 | 738,979,450 | 9,346,696 | 147,722,569 | ||||||||
Proposal 8 - Shareholder Proposal Requesting an Annual Emissions Congruency Report
At the Annual Meeting, the shareholders did not approve a shareholder proposal requesting annual emissions congruency report. The following is a breakdown of the voting results:
For | Against | Abstain | Broker Non-Votes | ||||||||
| 9,627,387 | 793,962,436 | 7,531,470 | 147,722,569 | ||||||||
The above proposals are further described in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on January 24, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| STARBUCKS CORPORATION | ||||||||||||||
| Dated: | March 14, 2025 | |||||||||||||
| By: | /s/ Bradley E. Lerman | |||||||||||||
| Bradley E. Lerman | ||||||||||||||
| executive vice president, chief legal officer | ||||||||||||||