secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0000829224-23-000048
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Howard Schultz resigns from Starbucks board; Wei Zhang elected director
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000048/0000829224-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000048/sbux-20230912.htm
  HTML page:      https://secwatch.observer/filing/0000829224-23-000048

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