secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001193125-22-236650
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks appoints Laxman Narasimhan as next CEO; Schultz interim through April 2023
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- Narasimhan joins as CEO-elect Oct 1, 2022; becomes CEO and board member by April 1, 2023.
- Howard Schultz remains interim CEO until April 2023, then advisor through 2023, staying on board.
- Compensation: $1.3M base, 200% annual cash target, $13.6M equity target, $1.6M signing bonus, $9.25M replacement equity.
- Narasimhan previously CEO of Reckitt; prior roles at PepsiCo and McKinsey.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000119312522236650/0001193125-22-236650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000119312522236650/d322468d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-236650

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