secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001193125-22-076780
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks CEO Kevin Johnson to retire April 4; founder Howard Schultz returns as interim CEO
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- Kevin Johnson retiring after 13 years (5 as CEO); effective April 4, 2022; will serve as special consultant through September.
- Howard Schultz, founder, appointed interim CEO and board member effective April 4; base salary of $1, no other comp.
- Board CEO search with Russell Reynolds since 2021; expects successor by Fall 2022.
- Schultz previously led Starbucks from 1987 to 2018; stock gained 21,000% from 1992 IPO to 2018 under his tenure.
- Johnson's tenure includes Nestlé Global Coffee Alliance, 45M Starbucks Rewards members, and pandemic partner support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000119312522076780/0001193125-22-076780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000119312522076780/d325002d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-076780

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