SBUX - 2012.11.16

0000829224-12-000005.txt : 20121116 0000829224-12-000005.hdr.sgml : 20121116 20121116164602 ACCESSION NUMBER: 0000829224-12-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121115 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121116 DATE AS OF CHANGE: 20121116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STARBUCKS CORP CENTRAL INDEX KEY: 0000829224 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING & DRINKING PLACES [5810] IRS NUMBER: 911325671 STATE OF INCORPORATION: WA FISCAL YEAR END: 0928 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20322 FILM NUMBER: 121212156 BUSINESS ADDRESS: STREET 1: P O BOX 34067 CITY: SEATTLE STATE: WA ZIP: 98124-1067 BUSINESS PHONE: 2064471575 MAIL ADDRESS: STREET 1: 2401 UTAH AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98134 8-K 1 sbux-20121116x8xk.htm 8-K SBUX - 2012.11.16 - 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 15, 2012

STARBUCKS CORPORATION

(Exact name of registrant as specified in its charter)

Washington

(State or other jurisdiction of incorporation)




0-20322		91-1325671

(Commission File Number)		(IRS Employer Identification No.)




2401 Utah Avenue South, Seattle, Washington		98134

(Address of principal executive offices)		(Zip Code)

(206) 447-1575

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On November 15, 2012, Starbucks Corporation, a Washington corporation (the “Company”), issued a press release announcing that its Board of Directors has authorized the repurchase by the Company of an additional 25 million shares of the Company’s common stock. This authorization is in addition to the 12.1 million shares that remained available for repurchase as of September 30, 2012 under previous authorizations.

A copy of the press release announcing the share repurchase authorization is attached as Exhibit 99.1.


Item 9.01.	Financial Statements and Exhibits.

(d) The following exhibit is filed as a part of this report.



Exhibit No.		Description

99.1		Press Release dated November 15, 2012.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




	STARBUCKS CORPORATION,


Date: November 15, 2012	By:	/s/ Troy Alstead
		Name:	Troy Alstead
		Title:	chief financial officer and chief administrative officer

Exhibit Index



Exhibit No.		Description

99.1		Press Release dated November 15, 2012.

EX-99.1 2 exhibit991111612.htm PRESS RELEASE Exhibit 99.1 (11.16.12)

Starbucks Announces Additional Stock Repurchase Authorization

SEATTLE; November 15, 2012 – Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has authorized the repurchase of up to 25 million shares of the Company’s common stock. This authorization is in addition to the 12.1 million shares that remained available at fiscal year-end 2012 for repurchase under an existing authorization. Since the Company’s initial share repurchase program was authorized in September of 2001, Starbucks has repurchased a total of 184 million shares at a cost of $5.1 billion under authorized programs through September 30, 2012.

“This additional authorization to repurchase stock reflects the continued strength of Starbucks balance sheet as well as our strong ongoing operating cash flow to both support the global growth in the business and return value to our shareholders through the payment of quarterly dividends and share repurchases,” stated Troy Alstead, chief financial officer.

Shares will be repurchased in the open market at times and amounts considered appropriate by the Company based on factors including price and market conditions. Additionally, the Company’s Board of Directors has authorized that purchases can be made under Rule 10b5-1 of the Securities Exchange Act of 1934. A Rule 10b5-1 plan allows Starbucks to repurchase its shares during periods when the Company would normally not be active in the market due to its own internal trading blackout periods. All such purchases must be made according to a predefined plan that is established when the Starbucks plan administrator is not aware of material non-public information about Starbucks.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.