STARBUCKS CORP — fact timeline

Val Bauduin was appointed as principal accounting officer at STARBUCKS CORP.

“On June 11, 2026, Starbucks Corporation (the “Company”) designated Val Bauduin, 50, as the Company’s principal accounting officer.”

STARBUCKS CORP announced a restructuring with charges of approximately $400 million of restructuring charges affecting domestic and international support organization, non-retail facilities, Starbucks Reserve and Roastery locations.

“Of the approximately $400 million of restructuring charges to be incurred, the Company anticipates that approximately $280 million will be non-cash charges due to impairment of long-lived assets, including right-of-use lease assets, primarily related to reassessment of the asset group associated with its ongoing Starbucks Reserve and Roastery locations and optimizing its non-retail support facility portfolio. The remaining $120 million of restructuring charges will be cash charges primarily related to employee separation benefits due to further optimization of our global support organization.”

STARBUCKS CORP reported Q2 Fiscal Year 2026 results: revenue $9.5 billion, EPS $0.45. Guidance raised.

“Starbucks Reports Q2 Fiscal Year 2026 Results Company Delivers Healthy Comparable Store Sales and Earnings Growth Global Q2 Comparable Store Sales Up 6.2%, Led by Transaction Growth Q2 Consolidated Net Revenues Up 9% to $9.5 billion Q2 GAAP EPS $0.45, Non-GAAP EPS $0.50 Raises Fiscal Year 2026 Guidance for Comparable Stores Sales Growth and Non-GAAP EPS”

STARBUCKS CORP announced a restructuring with charges of approximately $1 billion affecting North America business.

“organization. The Company expects that a majority of the store closures will be completed by the end of this fiscal year. The Company estimates that it will incur approximately $1 billion related to the store closures, support organization transformation, and other restructuring activities, with 90% of the expenses attributable to the North America business. The”

STARBUCKS CORP: Amended and restated Bylaws to address universal proxy rules, update advance notice provisions, require non-white proxy card for shareholder solicitors, and make technical changes (effective 2025-06-25).

“Effective as of June 25, 2025, the board of directors of Starbucks Corporation (the “Company”) amended and restated the Company’s Amended and Restated Bylaws (the “Bylaws”) to, among other things: • Address the universal proxy rules adopted by the U.S. Securities and Exchange Commission pursuant to Rule 14a-19 of the Securities and Exchange Act of 1934; • Make certain limited updates to the procedures and disclosure requirements for director nominations made, and business proposals submitted, by shareholders under the Company’s advance notice provisions; • Require that a shareholder directly or indirectly soliciting proxies from other shareholders use a proxy card color other than white; and • Make certain other technical, conforming, modernizing, or clarifying changes.”

STARBUCKS CORP incurred revolving credit of $3.0 billion with Bank of America, N.A. at Term SOFR plus an applicable rate maturing June 13, 2030.

“On June 13, 2025, Starbucks Corporation (the “Company”) entered into a new $3.0 billion Credit Agreement (the “Five-Year Credit Agreement”) by and among the Company, as borrower, and Bank of America, N.A., in its capacity as Administrative Agent, Lender, Swing Line Lender and L/C Issuer, Citibank, N.A., Morgan Stanley Senior Funding, Inc., U.S. Bank National Association and Wells Fargo Bank, N.A., as Lenders and Co-Syndication Agents, Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and The Bank of Nova Scotia, as Co-Documentation Agents, Citibank, N.A., Morgan Stanley Bank, N.A., U.S. Bank National Association and Wells Fargo Bank, N.A., as L/C Issuers and BOFA Securities, Inc., Citibank, N.A., Morgan Stanley Senior Funding, Inc., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Bookrunners, and each of the other lenders, which is a party thereto.”

Brad Lerman departed as evp, chief legal officer at STARBUCKS CORP.

“On June 4, 2025, the Company also announced that Brad Lerman would no longer serve as the Company’s evp, chief legal officer, as of a date to be determined.”

Mike Grams was appointed as chief operating officer at STARBUCKS CORP.

“On June 4, 2025, the Board of Directors (the “Board”) of Starbucks Corporation (the “Company”) appointed Mike Grams, currently evp, North America chief coffeehouse officer, to the position of chief operating officer (“coo”), a reinstated position in the Company’s executive leadership team, effective immediately.”

Val Bauduin was appointed as interim chief financial officer at STARBUCKS CORP.

“effective March 7, 2025, the Board appointed Val Bauduin, senior vice president, North America Finance of the Company, as interim chief financial officer and designated Mr. Bauduin as the Company’s principal financial officer and principal accounting officer, in each case, until the Effective Date.”

Rachel Ruggeri departed as executive vice president, chief financial officer at STARBUCKS CORP.

“and that Ms. Ruggeri will cease serving in such roles, effective as of March 7, 2025.”

Cathy R. Smith was appointed as executive vice president, chief financial officer at STARBUCKS CORP.

“On March 7, 2025, the Board determined that Ms. Smith will be appointed as executive vice president, chief financial officer and designated as the Company’s principal financial officer and principal accounting officer, effective, in each case, as of her anticipated start date of March 24, 2025”

Cathy R. Smith was appointed as Executive Vice President, Chief Financial Officer at STARBUCKS CORP.

“announced the appointment of Cathy R. Smith as executive vice president, chief financial officer”

Mellody Hobson departed as Director at STARBUCKS CORP.

“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.”

Michael Conway departed as chief executive officer, North America at STARBUCKS CORP.

“On September 12, 2024, Michael Conway, chief executive officer, North America of Starbucks Corporation (the "Company") informed the Company of his intention to retire effective November 30, 2024.”

Mellody Hobson was appointed as Lead Independent Director at STARBUCKS CORP.

“appointed Mellody Hobson, who is the current chairman of the Board, as lead independent director, effective on the Effective Date.”

Brian Niccol was appointed as Chief Executive Officer and Chairman at STARBUCKS CORP.

“approved the appointment of Brian Niccol as chief executive officer of the Company and chairman of the Board, effective September 9, 2024”

Satya Nadella resigned as Director at STARBUCKS CORP.

“On May 30, 2024, Satya Nadella informed Starbucks Corporation that he is resigning from the Board of Directors (the "Board") effective immediately.”

STARBUCKS CORP reported 13-week fiscal second quarter ended March 31, 2024 results: revenue $8.6 billion, EPS $0.68.

“31, 2024. A copy of the press release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Starbucks Reports Q2 Fiscal 2024 Results Q2 Consolidated Net Revenues Down 2% to $8.6 Billion, Driven by a Complex Operating Environment Q2 GAAP and Non-GAAP EPS of $0.68; Long-Term Strategy Remains Intact Q2 Active U.S. Starbucks ® Rewards Membership Totals 32.8 Million,”

STARBUCKS CORP shareholders rejected Shareholder Proposal Requesting a Report on Human Rights Policies at the 2024-03-13 meeting.

“Proposal 6 - Shareholder Proposal Requesting a Report on Human Rights Policies At the Annual Meeting, the shareholders did not approve a shareholder proposal requesting a report on human rights policies.”

STARBUCKS CORP shareholders rejected Shareholder Proposal Requesting a Report on Direct and Systemic Discrimination at the 2024-03-13 meeting.

“Proposal 5 - Shareholder Proposal Requesting a Report on Direct and Systemic Discrimination At the Annual Meeting, the shareholders did not approve a shareholder proposal requesting a report on direct and systemic discrimination.”

STARBUCKS CORP shareholders rejected Shareholder Proposal Requesting a Report on Plant-Based Milk Pricing at the 2024-03-13 meeting.

“Proposal 4 - Shareholder Proposal Requesting a Report on Plant-Based Milk Pricing At the Annual Meeting, the shareholders did not approve a shareholder proposal requesting a report on plant-based milk pricing.”

STARBUCKS CORP shareholders approved Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2024 at the 2024-03-13 meeting.

“Proposal 3 - Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2024 At the Annual Meeting, the shareholders approved the ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 29, 2024.”

STARBUCKS CORP shareholders approved Advisory Resolution on Executive Compensation at the 2024-03-13 meeting.

“Proposal 2 - Advisory Resolution on Executive Compensation At the Annual Meeting, the shareholders approved, on a nonbinding, advisory basis, the compensation paid to the Company’s named executive officers.”

STARBUCKS CORP shareholders approved Election of 11 directors at the 2024-03-13 meeting.

“Proposal 1 - Election of Directors The Company’s shareholders elected each of the 11 directors nominated by the Company’s Board of Directors to serve until the 2025 Annual Meeting of Shareholders or until their successors are duly elected and qualified.”

STARBUCKS CORP reported the quarter ended December 31, 2023 results: EPS GAAP earnings per share of $0.90.

“On January 30, 2024, Starbucks Corporation issued a press release announcing its financial results for the quarter ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1.”

Michael Sievert was appointed as Director at STARBUCKS CORP.

“On January 9, 2024, the Board of Directors (“Board”) of Starbucks Corporation (the “Company”) increased the number of directors of the Company from eight to 11 and appointed Neal Mohan, Daniel Javier Servitje Montull, and Michael Sievert to serve as directors on the Board, effective immediately.”

Daniel Javier Servitje Montull was appointed as Director at STARBUCKS CORP.

“On January 9, 2024, the Board of Directors (“Board”) of Starbucks Corporation (the “Company”) increased the number of directors of the Company from eight to 11 and appointed Neal Mohan, Daniel Javier Servitje Montull, and Michael Sievert to serve as directors on the Board, effective immediately.”

Neal Mohan was appointed as Director at STARBUCKS CORP.

“On January 9, 2024, the Board of Directors (“Board”) of Starbucks Corporation (the “Company”) increased the number of directors of the Company from eight to 11 and appointed Neal Mohan, Daniel Javier Servitje Montull, and Michael Sievert to serve as directors on the Board, effective immediately.”

STARBUCKS CORP reported Full Year Fiscal 2023 results: revenue $36.0 billion, EPS $3.58.

“China comparable store sales increased 2%, driven by a 4% increase in comparable transactions and 2% decline in average ticket • Consolidated net revenues up 12%, to a record $36.0 billion, or 14%, excluding a 2% unfavorable impact from foreign currency translation • GAAP operating margin of 16.3% increased from 14.3% in the prior year, primarily driven by pricing,”

STARBUCKS CORP reported the quarter ended October 1, 2023 results: revenue $9.4 billion, EPS $1.06.

“press release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Starbucks Reports Q4 and Full Year Fiscal 2023 Results Q4 Consolidated Net Revenues Up 11% to a Record $9.4 Billion Q4 Comparable Store Sales Up 8% Globally; Up 8% in North America; Up 5% in International Q4 GAAP EPS $1.06; Non-GAAP EPS $1.06 Driven by Strong Global Performance; Reinvention”

Wei Zhang was appointed as director at STARBUCKS CORP.

“On September 12, 2023, the Board appointed Wei Zhang to serve as a director on the Board, effective as of October 1, 2023.”

Howard Schultz resigned as director at STARBUCKS CORP.

“On September 12, 2023, Howard Schultz notified the Board of Directors (“Board”) of Starbucks Corporation (the “Company”) that he will resign as a director of the Company, and from all other positions with the Company and its affiliates, effective as of September 12, 2023.”

STARBUCKS CORP reported financial results for fiscal third quarter ended July 2, 2023.

“On August 1, 2023, Starbucks Corporation issued a press release announcing its financial results for the quarter ended July 2, 2023.”

STARBUCKS CORP reported quarter ended April 2, 2023 results: revenue $8.7 billion, EPS GAAP EPS $0.79; Non-GAAP EPS $0.74.

“Starbucks Reports Q2 Fiscal 2023 Results Q2 Consolidated Net Revenues Up 14% to $8.7 Billion Q2 Comparable Store Sales Up 11% Globally; Up 12% in North America; Up 7% in International Q2 GAAP EPS $0.79; Non-GAAP EPS $0.74 Reflecting Stronger-Than-Expected Performance Globally”

STARBUCKS CORP amended Amendment with the lenders parties thereto and Bank of America, N.A. (effective 2023-04-17).

“On April 17, 2023, Starbucks Corporation (the “Company”) entered into an amendment (the “Amendment”) to its existing Credit Agreement dated September 16, 2021 (as previously amended, the “Credit Agreement”) with the lenders parties thereto (the “Lenders”) and Bank of America, N.A., in its capacity as Administrative Agent for the Lenders.”

Howard Schultz changed role as interim chief executive officer at STARBUCKS CORP.

“Howard Schultz will transition from the role of interim chief executive officer.”

Laxman Narasimhan was appointed as chief executive officer at STARBUCKS CORP.

“Laxman Narasimhan has assumed the role of chief executive officer, effective March 20, 2023.”

STARBUCKS CORP reported the quarter ended January 1, 2023 results: revenue $8.7 billion, EPS $0.74. Guidance reaffirmed.

“A copy of the press release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Starbucks Reports Q1 Fiscal 2023 Results Q1 Consolidated Net Revenues Up 8% to a Record $8.7 Billion Q1 Comparable Store Sales Up 5% Globally; Up 10% in the U.S; Up Double Digits Internationally, Excluding China Q1 GAAP EPS $0.74; Non-GAAP EPS $0.75; Performance Materially”

STARBUCKS CORP reported the quarter ended October 2, 2022 results: revenue $8.4 billion, EPS $0.76.

“as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Starbucks Reports Q4 and Full Year Fiscal 2022 Results Q4 Consolidated Net Revenues Up 3%; Up 11% on a 13-week basis to a Record $8.4 Billion Q4 Comparable Store Sales Up 7% Globally; Up 11% in the U.S. and Double Digits Internationally, excluding China Q4 GAAP EPS $0.76; Non-GAAP EPS of $0.81 Driven by Strong”

Javier Teruel resigned as Director at STARBUCKS CORP.

“On October 5, 2022, Javier Teruel informed Starbucks Corporation that he is resigning from the Board of Directors effective immediately.”

Laxman Narasimhan was appointed as chief executive officer-elect at STARBUCKS CORP.

“On August 31, 2022, the Board of Directors (the “Board”) of Starbucks Corporation (the “Company” or “Starbucks”) approved the appointment of Laxman Narasimhan as chief executive officer-elect of the Company, reporting to our interim chief executive officer.”

Mary N. Dillon departed as Board of Directors at STARBUCKS CORP.

“On August 19, 2022, Mary N. Dillon informed Starbucks Corporation that she is resigning from the Board of Directors effective September 1, 2022.”

John Culver departed as group president, North America and chief operating officer at STARBUCKS CORP.

“the chief operating officer role is being eliminated, effective as of October 1, 2022, and John Culver will be departing from the role of group president, North America and chief operating officer on such date.”

Rachel Gonzalez changed role as executive vice president and general counsel at STARBUCKS CORP.

“Rachel Gonzalez will transition from the role of executive vice president and general counsel on April 4, 2022.”

Howard Schultz was appointed as interim president and chief executive officer at STARBUCKS CORP.

“the board appointed Starbucks founder and former president and chief executive officer, Howard Schultz, as interim president and chief executive officer and as a member of the board, effective April 4, 2022.”

Kevin R. Johnson departed as president and chief executive officer at STARBUCKS CORP.

“On March 13, 2022, Kevin R. Johnson notified the board of directors (the “board”) of Starbucks Corporation (“Starbucks”) of his decision to retire as president and chief executive officer and as a member of the board, effective April 4, 2022.”

Rachel Ruggeri was appointed as principal accounting officer at STARBUCKS CORP.

“our executive vice president, chief financial officer, Rachel Ruggeri, 52, will be appointed as the Company's principal accounting officer and will continue to serve in her role as the Company’s principal financial officer.”

Jill L. Walker changed role as senior vice president, Corporate Financial Services and chief accounting officer at STARBUCKS CORP.

“On February 4, 2022, Starbucks Corporation (the “Company”) approved Jill L. Walker’s transition from her role as senior vice president, Corporate Financial Services and chief accounting officer of the Company as a result of her taking an unpaid sabbatical leave from the Company (also known as a Starbucks “Coffee Break”), effective February 25, 2022.”