-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KogxTZGp2IbPAZP0KwYiPpMJxMioufIogbqTV9pLX2WREyCG0sC0oeS3Uyr87JYA uTzXtcyk4XSEyrnN1M2E2A== 0000887557-96-000017.txt : 20040401 0000887557-96-000017.hdr.sgml : 20040401 19960927163300 ACCESSION NUMBER: 0000887557-96-000017 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960630 FILED AS OF DATE: 19960927 DATE AS OF CHANGE: 19970203 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: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20322 FILM NUMBER: 96636204 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 11-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------- FORM 11-K [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the Fiscal Year Ended June 30, 1996 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the Transition Period From ___ to ___ Commission File Number 0-20322 ----------------------------- A. Full title of the plan and the address of the plan, if different from that of issuer named below: STARBUCKS CORPORATION EMPLOYEE STOCK PURCHASE PLAN - 1995 B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: STARBUCKS CORPORATION 2401 Utah Avenue South, Seattle, Washington 98134 - --------------------------------------------------------------------- REQUIRED INFORMATION a) Financial Statements PAGE ---- INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS: Statement of Assets Available for Benefits 2 Statement of Changes in Assets Available for Benefits 3 Notes to Financial Statements 4 b) Exhibits 23.1 Consent of Deloitte & Touche LLP SIGNATURES THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. STARBUCKS CORPORATION EMPLOYEE STOCK PURCHASE PLAN - 1995 (Name of Plan) Dated: September 26, 1996 By: /s/ M. Michael Casey ------------------------- M. Michael Casey chief financial officer INDEPENDENT AUDITORS' REPORT Plan Administrator Starbucks Corporation Employee Stock Purchase Plan - 1995 Seattle, Washington We have audited the accompanying statement of assets available for benefits of the Starbucks Corporation Employee Stock Purchase Plan - 1995 (the Plan) as of June 30, 1996, and the related statement of changes in assets available for benefits for the year then ended. These financial statements are the responsibility of the Plan Administrator. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Plan Administrator, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, such financial statements present fairly, in all material respects, the assets available for benefits of the Plan as of June 30, 1996, and the changes in assets available for benefits for the year then ended, in conformity with generally accepted accounting principles. /s/ Deloitte & Touche LLP - ------------------------- DELOITTE & TOUCHE LLP July 18, 1996 -1- STARBUCKS CORPORATION EMPLOYEE STOCK PURCHASE PLAN - 1995 STATEMENT OF ASSETS AVAILABLE FOR BENEFITS JUNE 30, 1996 ASSETS: Cash $15,786 ------- ASSETS AVAILABLE FOR BENEFITS $15,786 =======
See note to financial statements. -2- STARBUCKS CORPORATION EMPLOYEE STOCK PURCHASE PLAN - 1995 STATEMENT OF CHANGES IN ASSETS AVAILABLE FOR BENEFITS YEAR ENDED JUNE 30, 1996 ASSETS AVAILABLE FOR BENEFITS, beginning of period $ - ADDITIONS: Employee contributions 1,519,470 DEDUCTIONS: Cost of shares purchased 1,503,684 --------- CHANGE IN ASSETS AVAILABLE FOR BENEFITS 15,786 --------- ASSETS AVAILABLE FOR BENEFITS, end of period $ 15,786 ==========
See note to financial statements. -3- STARBUCKS CORPORATION EMPLOYEE STOCK PURCHASE PLAN - 1995 NOTE TO FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 1996 NOTE 1: THE PLAN The following description of the Starbucks Corporation Employee Stock Purchase Plan - 1995 (the Plan) provides only general information. Participants should refer to the Plan agreement for a complete description of the Plan's provisions. GENERAL: The Plan Administrator believes the Plan meets the qualification standards of Section 423 of the Internal Revenue Code of 1986. The Plan is not subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). The Plan covers all regular employees of Starbucks Corporation (the Company) except officers (i.e., senior vice presidents, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, President, and Chairman of the Board) of the Company who have been employed for at least 90 days and have worked an average of 20 hours per week during their employment. CONTRIBUTIONS: Participants may make contributions to the Plan through payroll deductions (not exceeding 10% of their compensation) for the purpose of purchasing the Company's common stock. The Plan commenced on July 1, 1995, and participants are given the opportunity to purchase shares on each subsequent October 1, January 1, and April 1 until such time as the Plan is terminated (see Termination of the Plan). A maximum of 2,000,000 shares will be offered under the Plan. OPTIONS GRANTED AND WITHDRAWALS: Participants are granted the option to purchase shares of Starbucks Corporation common stock from the Company at 85% of the lesser of the fair market value on the first or last day or nearest business day within the period, of each three-month period ending September 30, December 31, March 31, or June 30. If the participant elects to withdraw from the Plan, the Company refunds the participant for amounts withheld. The Plan purchased 78,019 shares during the year ended June 30, 1996, at prices ranging from $15.99 to $30.18, leaving 1,921,981 shares reserved for future use. ASSETS AVAILABLE FOR BENEFITS: Assets available for benefits represent cash in participant accounts that was less than the amount necessary to purchase a full share and cash contributed to the Plan greater than the cost of the maximum number of shares allowed to be purchased in a three-month period (see Limitations). Participants may carry over such amounts to the next period. LIMITATIONS: No employee shall be permitted to subscribe for any shares under the Plan if such employee owns shares representing 5% or more of the total combined voting power or value of all classes of shares of the Company. Additionally, no participant may purchase shares under the Plan with an aggregate fair market value in excess of $25,000 in any one calendar year. -4- TERMINATION OF THE PLAN: The Plan shall terminate at the earliest of the following: June 30, 2000 The date of the filing of a Statement of Intent to Dissolve by the Company or the effective date of a merger or consolidation (except with a related company) where the Company is not to be the surviving corporation The date the Board acts to terminate the Plan The date when all shares reserved under the Plan have been purchased In the event of a dissolution, merger, or acquisition, the Company may permit a participating employee to exercise options to the extent that employee payroll deductions have accumulated. In the event of termination, Plan assets will be distributed to the participants. PLAN ADMINISTRATION: All expenses for administration of the Plan are paid directly by the Company, and are not reflected in the accompanying statements. PLAN ACCOUNTING: The accompanying financial statements have been prepared on the accrual basis of accounting. -5- EXHIBIT INDEX Exhibit No. Description Page - ---------- ----------- ---- 23.1 Consent of Deloitte & Touche LLP 7 -6- EX-23.1 2 Exhibit 23.1 INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in Registration Statement No. 33-92184 of Starbucks Corporation on Form S-8 of our report dated July 18, 1996, appearing in the Annual Report on Form 11-K of the Starbucks Corporation Employee Stock Purchase Plan - 1995 for the year ended June 30, 1996. /s/ Deloitte & Touche LLP - ------------------------- DELOITTE & TOUCHE LLP Seattle, Washington September 24, 1996 -7- -----END PRIVACY-ENHANCED MESSAGE-----