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Starbucks logoStarbucks SBUX

The company said that on March 13, 2024, shareholders elected all 11 directors nominated by its Board of Directors at the 2024 Annual Meeting of Shareholders to serve until the 2025 Annual Meeting of Shareholders.

8-KSubmission of Matters to a Vote of Security HoldersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said that on March 13, 2024, shareholders elected all 11 directors nominated by its Board of Directors at the 2024 Annual Meeting of Shareholders to serve until the 2025 Annual Meeting of Shareholders.

  2. Starbucks said shareholders approved the executive compensation advisory resolution on a nonbinding basis, with 682,871,160 votes for, 61,368,588 against, 7,358,808 abstentions and 67,984,371 broker non-votes.

  3. The company said shareholders approved the selection of Deloitte & Touche LLP as independent auditor for the fiscal year ending September 29, 2024, with 767,995,804 votes for, 47,622,033 against and 3,965,090 abstentions.

  4. Starbucks said all 3 shareholder proposals, covering a report on plant-based milk pricing, a report on direct and systemic discrimination and a report on human rights policies, were not approved. The plant-based milk pricing proposal received 38,764,067 votes for and 693,934,601 against.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Starbucks Elects 11 Directors at 2024 Annual Meeting

The company said that on March 13, 2024, shareholders elected all 11 directors nominated by its Board of Directors at the 2024 Annual Meeting of Shareholders to serve until the 2025 Annual Meeting of Shareholders.

Source · Based on the filing body and exhibits

Shareholders Approve Advisory Pay Resolution

Starbucks said shareholders approved the executive compensation advisory resolution on a nonbinding basis, with 682,871,160 votes for, 61,368,588 against, 7,358,808 abstentions and 67,984,371 broker non-votes.

Source · Based on the filing body and exhibits

Shareholders Approve Deloitte & Touche LLP Appointment

The company said shareholders approved the selection of Deloitte & Touche LLP as independent auditor for the fiscal year ending September 29, 2024, with 767,995,804 votes for, 47,622,033 against and 3,965,090 abstentions.

Source · Based on the filing body and exhibits

All 3 Shareholder Proposals Fail

Starbucks said all 3 shareholder proposals, covering a report on plant-based milk pricing, a report on direct and systemic discrimination and a report on human rights policies, were not approved. The plant-based milk pricing proposal received 38,764,067 votes for and 693,934,601 against.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.