8-KRegulation FDExhibits & Filings

STARBUCKS CORP 8-K Report, Regulation FD Disclosure (Nov 20, 2023)

Filed November 20, 2023For Securities:SBUX

Summary

Starbucks Corporation (SBUX) announced on November 20, 2023, its intention to establish a new independent committee of its Board of Directors, named the Environmental, Partner, and Community Impact Committee (EPCI Committee). This addition will bring the total number of standing independent Board committees to four, including the existing Audit and Compliance, Compensation and Management Development, and Nominating and Corporate Governance Committees. The primary role of the EPCI Committee will be to enhance the Board's oversight of Starbucks' commitments and progress related to environmental, partner (employee), and community impact. It will also oversee internal and external stakeholder disclosures and assessments, such as the company's annual Global Environment and Social Impact Report. Beth Ford has been appointed as the chair of this new committee. This move signifies Starbucks' commitment to transparency and accountability regarding its ESG (Environmental, Social, and Governance) initiatives.

Key Highlights

  • 1Starbucks is forming a new independent Board committee focused on Environmental, Partner, and Community Impact (EPCI).
  • 2The EPCI Committee will oversee the company's progress on ESG commitments.
  • 3Oversight of stakeholder disclosures and assessments, including the Global Environment and Social Impact Report, will fall under the EPCI Committee.
  • 4Beth Ford has been named as the Chair of the new EPCI Committee.
  • 5This action expands the number of standing independent Board committees to four.
  • 6The announcement highlights Starbucks' increased focus on accountability for its social and environmental performance.

Frequently Asked Questions

The EPCI Committee is established to enhance the Board's oversight of Starbucks' progress and commitments related to environmental sustainability, employee well-being (partners), and community engagement. It will also oversee relevant stakeholder disclosures.

Beth Ford has been appointed as the chair of the new Environmental, Partner, and Community Impact Committee.

The creation of the EPCI Committee expands Starbucks' standing independent Board committees from three to four, indicating a greater formalization of oversight in ESG matters.

No, this 8-K filing primarily concerns the establishment of a new Board committee and does not contain updates on financial performance, sales, or earnings.