secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0000829224-25-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks appoints Mike Grams as COO; CLO Brad Lerman to depart
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- Mike Grams named COO effective June 4, 2025; oversees global coffeehouse development and supply chain.
- Grams' base salary increased to $900k (from $700k); bonus target raised to 125% of base salary.
- Brad Lerman to step down as evp, chief legal officer; will assist search and stay until successor in place.
- Organizational changes: Global Coffee & Sustainability merged under Global Brand; CTO now reports to CFO.
- CEO Brian Niccol cites need to accelerate 'Back to Starbucks' turnaround with these moves.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000036/0000829224-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000036/sbux-20250604.htm
  HTML page:      https://secwatch.observer/filing/0000829224-25-000036

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