secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0000829224-23-000022
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laxman Narasimhan assumes Starbucks CEO role; Howard Schultz transitions from interim CEO
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- Narasimhan officially became CEO and joined the board on March 20, 2023, after a five-month immersion.
- Howard Schultz steps down as interim CEO but remains a member of the Starbucks board of directors.
- Narasimhan was named incoming CEO on Sept 1, 2022; he joined Starbucks on Oct 1, 2022 for immersion.
- Since Schultz's return in April 2022, stock rose 47% and market cap increased ~$40B through Q1 FY23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000022/0000829224-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000022/sbux-20230320.htm
  HTML page:      https://secwatch.observer/filing/0000829224-23-000022

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