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): June 25, 2025
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
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(206 ) 447-1575
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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 June 25, 2025, the Board of Directors (the “Board”) of Starbucks Corporation (the “Company”) increased the number of directors of the Company from nine to 11 and appointed Marissa Mayer and Dambisa F. Moyo to serve as directors on the Board, effective immediately. The Board expects to appoint Ms. Mayer and Dr. Moyo to one or more committees at a later date.
Ms. Mayer and Dr. Moyo will be entitled to a prorated portion of the annual compensation paid to the Company’s non-employee directors. A summary of the compensation the Company provides its non-employee directors is described under the heading “Fiscal year 2024 compensation program for non-employee directors” on page 35 of the Company’s definitive proxy statement filed with the Securities and Exchange Commission on January 24, 2025.
There are no arrangements or understandings pursuant to which either of the new directors was elected as a director, and there are no family relationships with any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer and either of the new directors. Furthermore, there are no related party transactions between the Company and either of the new directors that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the press release containing the announcement of Ms. Mayer and Dr. Moyo’s appointment is attached as Exhibit 99.1.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) | |||||||
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: | June 26, 2025 | |||||||||||||
| By: | /s/ Bradley E. Lerman | |||||||||||||
| Bradley E. Lerman | ||||||||||||||
| executive vice president, chief legal officer | ||||||||||||||
