---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-23-000025"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T14:06:56.897765+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Starbucks amends CEO severance plan: 2x base+bonus without cause, 2.99x after change of control

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-23-000025
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922423000025/0000829224-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922423000025/sbux-20230322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-23-000025
- JSON: https://secwatch.observer/filing/0000829224-23-000025.json
- Plain text: https://secwatch.observer/filing/0000829224-23-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.