secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2022-04-05T23:59:59+00:00
Accession:  0001193125-22-096269
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks EVP & General Counsel Rachel Gonzalez departs; separation package disclosed
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- Rachel Gonzalez steps down as EVP & General Counsel Apr 4; stays as advisor at 50% salary ($380,625/yr) through May 20.
- Separation package: $2.28M severance, $470K prorated FY22 bonus, $4.8M equity replacement cash, COBRA for 18 months.
- Gonzalez leaves in good standing; reaffirms non-competition, non-disclosure, and non-disparagement obligations.
- Interim EVP & General Counsel named: Zabrina Jenkins (per filing signature).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000119312522096269/0001193125-22-096269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000119312522096269/d332806d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-096269

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