Mellody Hobson to step down from Starbucks board; will not seek reelection at 2025 annual meeting

STARBUCKS CORP

Mellody Hobson informed Starbucks on Jan 14, 2025, she will not stand for reelection at the 2025 Annual Meeting.
She will continue serving through the remainder of her current term; decision not related to any disagreement.
Hobson has served on the board for nearly 20 years, including roles as Chair and Lead Director.
She cited confidence in CEO Brian Niccol and a desire for a new lead director to work alongside him long-term.
Hobson stated she has never sold a share of SBUX and plans to remain a steadfast investor.

item 5.02 item 9.01

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Departed

Mellody Hobson

Director

SBUX · STARBUCKS CORP

Filed: January 16, 2025, 6:59 PM ET

On January 14, 2025, Mellody Hobson informed Starbucks Corporation (the “Company”) that she will not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mellody Hobson departed as Director at STARBUCKS CORP.

Action: will not stand for reelection
Role: Director

Exact text from the filing

On January 14, 2025, Mellody Hobson informed Starbucks Corporation (the “Company”) that she will not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders.

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Source: SEC EDGAR

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