Starbucks Corp 8-K, filed Jan 26, 2021
Starbucks Corp (SBUX)
About this 8-K
Starbucks Corp filed this 8-K on January 26, 2021, reporting on events of January 25, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Starbucks Corporation (the “Company” or “Starbucks”) today announced that Rosalind (Roz) Brewer has informed the Company that she is resigning from her position as chief operating officer and group president, effective February 26, 2021, to become the chief executive officer of another publicly traded company.
Beginning February 8, 2021, Ms. Brewer’s responsibilities will transition to other members of the Starbucks leadership team. Rossann Williams, executive vice president, president U.S. company-operated business and Canada and a 16 year Starbucks partner (employee), will assume responsibility for the U.S. licensed stores, Latin America, Global Supply Chain and Global Store Concepts/Area Transformation businesses. Brady Brewer, executive vice president, chief marketing officer and a 19 year Starbucks partner, will lead technology, analytics & insights, and innovation culture and methodologies.
Ms. Brewer will also resign her position as a member of the Company’s Board of Directors effective February 26, 2021 and will no longer be a nominee for re-election at the Company’s Annual Meeting of Shareholders to be held on March 17, 2021. Effective upon Ms. Brewer’s departure from the Board, the size of the Board will be reduced by one.
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: January 26, 2021 | ||||||
| By: | /s/ Rachel A. Gonzalez | |||||
| Rachel A. Gonzalez | ||||||
| executive vice president, general counsel and secretary | ||||||