AI English summary of an SEC filing — figures as filed

Starbucks said its board approved the appointment of Cathy R. Smith as executive vice president and chief financial officer, with designation as principal financial officer and principal accounting officer, effective as of her expected start date of March 24, 2025, following board action on March 7, 2025.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Mar 7, 2025Period of report Mar 4, 2025Summary published (UTC) Oct 16, 2026

Key points

AI summary

Starbucks said its board approved the appointment of Cathy R. Smith as executive vice president and chief financial officer, with designation as principal financial officer and principal accounting officer, effective as of her expected start date of March 24, 2025, following board action on March 7, 2025.
The company said Rachel Ruggeri will cease serving as executive vice president, chief financial officer, and principal financial officer and principal accounting officer effective March 7, 2025, and will support the CFO transition through March 28, 2025.
Starbucks said it appointed Val Bauduin, senior vice president, North America Finance, as interim chief financial officer and designated him principal financial officer and principal accounting officer effective March 7, 2025, with the designation lasting until the effective date of Ms. Smith's appointment. The company said Mr. Bauduin's compensation is unchanged and he will keep his current position.
The company said Val Bauduin, age 49, joined Starbucks in 2024, and held roles at Marriott International from 2014 to 2024 and at Deloitte & Touche LLP from 1997 to 2014. It also said there are no arrangements or family relationships related to his appointment.

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.

Cathy R. Smith CFO Appointment Effective Date

Starbucks said its board approved the appointment of Cathy R. Smith as executive vice president and chief financial officer, with designation as principal financial officer and principal accounting officer, effective as of her expected start date of March 24, 2025, following board action on March 7, 2025.

Source · Based on the filing body and exhibits

Rachel Ruggeri's CFO Departure and Transition Support

The company said Rachel Ruggeri will cease serving as executive vice president, chief financial officer, and principal financial officer and principal accounting officer effective March 7, 2025, and will support the CFO transition through March 28, 2025.

Source · Based on the filing body and exhibits

Val Bauduin Named Interim Chief Financial Officer

Starbucks said it appointed Val Bauduin, senior vice president, North America Finance, as interim chief financial officer and designated him principal financial officer and principal accounting officer effective March 7, 2025, with the designation lasting until the effective date of Ms. Smith's appointment. The company said Mr. Bauduin's compensation is unchanged and he will keep his current position.

Source · Based on the filing body and exhibits

Val Bauduin's Background and Related-Party Disclosure

The company said Val Bauduin, age 49, joined Starbucks in 2024, and held roles at Marriott International from 2014 to 2024 and at Deloitte & Touche LLP from 1997 to 2014. It also said there are no arrangements or family relationships related to his appointment.

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.

View the original filing on SEC EDGAR ↗

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