secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0000829224-24-000003
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks expands board from 8 to 11, adds YouTube CEO, Grupo Bimbo CEO, T-Mobile CEO
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- Board expanded from 8 to 11 directors; appointments of Neal Mohan (YouTube CEO), Daniel Servitje (Grupo Bimbo CEO), Mike Sievert (T-Mobile CEO/President) effective immediately.
- Servitje brings 20+ years global ops; Grupo Bimbo has annual sales of $22.3B across 34 countries.
- Mohan is CEO of YouTube (2B+ users), previously Google SVP; also serves on 23andMe board.
- Sievert has led T-Mobile since 2020, driving annual revenue exceeding $80B and 117M+ subscribers.
- New directors receive prorated non-employee director compensation; no arrangements or related-party transactions disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000003/0000829224-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922424000003/sbux-20240109.htm
  HTML page:      https://secwatch.observer/filing/0000829224-24-000003

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