STARBUCKS CORP false 0000829224 --09-27 0000829224 2021-03-17 2021-03-17





Washington, DC 20549







Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 17, 2021



Starbucks Corporation

(Exact name of registrant as specified in its charter)






Washington   0-20322   91-1325671

(State or other jurisdiction of




File Number)


(IRS Employer

Identification No.)

2401 Utah Avenue South, Seattle, Washington 98134

(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:







Name of each exchange

on which registered

Common Stock, par value $0.001 per share   SBUX   NASDAQ Global Select Market

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. ☐




Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Effective March 17, 2021, in connection with Myron E. Ullman, III’s retirement from the Board of Directors (the “Board”) and pursuant to Mellody Hobson’s appointment to serve as the chair of the Board, the Board of Starbucks Corporation (the “Company” or “Starbucks”) has amended the Amended and Restated Bylaws (the “Bylaws”) to remove references to the vice chair role.

The foregoing summary description is qualified in its entirety by reference to the full text of the Bylaws, which is attached as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the 2021 Annual Meeting of Shareholders held on March 17, 2021, the Company’s shareholders elected the 11 directors nominated by the Board to serve until the 2022 Annual Meeting of Shareholders and until their successors are elected and qualified; shareholders did not approve the advisory resolution to approve executive compensation; 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 October 3, 2021; and the shareholders did not approve a shareholder proposal regarding non-management employee board representation. The 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 22, 2021.

The table below sets forth the number of votes cast for and against, and the number of abstentions and broker non-votes, for each matter voted upon by the Company’s shareholders.

Election of Directors


     For      Against      Abstain      Broker

Richard E. Allison, Jr.

     779,665,409        29,860,896        1,800,676        166,680,614  

Andrew Campion

     806,757,205        2,533,004        2,036,772        166,680,614  

Mary N. Dillon

     746,430,103        63,060,818        1,836,060        166,680,614  

Isabel Ge Mahe

     806,074,965        3,612,745        1,639,271        166,680,614  

Mellody Hobson

     772,628,902        36,845,695        1,852,384        166,680,614  

Kevin R. Johnson

     806,398,714        3,249,264        1,679,003        166,680,614  

Jørgen Vig Knudstorp

     799,824,081        9,475,016        2,027,884        166,680,614  

Satya Nadella

     779,597,160        30,044,051        1,685,770        166,680,614  

Joshua Cooper Ramo

     803,219,836        6,073,189        2,033,956        166,680,614  

Clara Shih

     778,911,466        30,765,899        1,649,616        166,680,614  

Javier G. Teruel

     756,919,366        52,366,360        2,041,255        166,680,614  

Advisory Resolution on Executive Compensation


For   Against     Abstain     Broker
381,463,037     421,751,473       8,112,471       166,680,614  

Ratification of the selection of Deloitte & Touche LLP to serve as the Company’s independent registered public accounting firm for fiscal 2021


For   Against     Abstain  
943,030,923     32,897,479       2,079,193  

Shareholder proposal regarding employee board representation


For   Against     Abstain     Broker
57,481,280     742,755,180       11,090,521       166,680,614  


Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.   


3.1    Amended and Restated Bylaws of Starbucks Corporation (As amended and restated through March 17, 2021)
104    Cover Page Interactive Data File (formatted as Inline XBRL)


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.


Dated: March 19, 2021      

/s/ Rachel A. Gonzalez

      Rachel A. Gonzalez
      executive vice president, general counsel