other material
confidence high
sentiment neutral
materiality 0.55
Starbucks amends CEO severance plan: 2x base+bonus without cause, 2.99x after change of control
STARBUCKS CORP
- CEO added to Starbucks Executive Severance and CIC Plan effective March 22, 2023.
- Non-CIC termination without cause: severance equals 2x annual base salary plus target bonus.
- Change-of-control termination (24 mo. after or 89 days prior): severance equals 2.99x base + bonus.
- Plan otherwise unchanged from August 2022 version; only CEO participation and multiples added.