secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2022-08-18T23:59:59+00:00
Accession:  0000829224-22-000043
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks eliminates COO role; John Culver to depart by Jan 1, 2023
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- John Culver exits as group president, North America and COO effective Oct 1; advisory role through Jan 1, 2023.
- Culver receives $3.75M severance, continued equity vesting, and 18 months of COBRA coverage.
- COO role eliminated; day-to-day operations report to CEO; Frank Britt expands as EVP Chief Strategy & Transformation Officer.
- Sara Kelly and AJ Jones II permanently appointed as EVP Chief Partner Officer and EVP Chief Communications & Public Affairs Officer.
- George Dowdie, EVP Global Supply Chain, to leave; will remain through calendar year to assist transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922422000043/0000829224-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922422000043/sbux-20220816.htm
  HTML page:      https://secwatch.observer/filing/0000829224-22-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer