Howard Schultz resigns from Starbucks board; Wei Zhang elected director

STARBUCKS CORP

Howard Schultz resigned as Starbucks director effective Sept 12, 2023, after serving as interim CEO in 2022.
Company will provide Schultz and spouse security services for up to 10 years, reviewed annually, plus healthcare premium reimbursement.
Wei Zhang, former Alibaba senior advisor and president of Alibaba Pictures, elected to board effective Oct 1, 2023.
Zhang brings experience in global operations, consumer technology, and corporate business development; will be ninth director.

item 5.02 item 9.01

Executive movements

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Appointed

Wei Zhang

director

SBUX · STARBUCKS CORP

Effective: 2023-10-01
Filed: September 13, 2023, 7:59 PM ET

On September 12, 2023, the Board appointed Wei Zhang to serve as a director on the Board, effective as of October 1, 2023.

Departed

Howard Schultz

director

SBUX · STARBUCKS CORP

Effective: 2023-09-12
Filed: September 13, 2023, 7:59 PM ET

On September 12, 2023, Howard Schultz notified the Board of Directors (“Board”) of Starbucks Corporation (the “Company”) that he will resign as a director of the Company, and from all other positions with the Company and its affiliates, effective as of September 12, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Wei Zhang was appointed as director at STARBUCKS CORP.

Action: appointed
Role: director

Exact text from the filing

On September 12, 2023, the Board appointed Wei Zhang to serve as a director on the Board, effective as of October 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard Schultz resigned as director at STARBUCKS CORP.

Action: resigned
Role: director

Exact text from the filing

On September 12, 2023, Howard Schultz notified the Board of Directors (“Board”) of Starbucks Corporation (the “Company”) that he will resign as a director of the Company, and from all other positions with the Company and its affiliates, effective as of September 12, 2023.

View on SEC.gov

STARBUCKS CORP filing history →

Source: SEC EDGAR

accession 0000829224-23-000048

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