-----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, G9Mvg17FFvGmNPJM1Fz+YBRC5rEmR+McYJNP90dUX+SBVVbUCtzSngAUcOhWp5HT 6MiDB+1hYQvbLfNHU3fkmQ== 0000891020-02-000519.txt : 20020424 0000891020-02-000519.hdr.sgml : 20020424 ACCESSION NUMBER: 0000891020-02-000519 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020419 ITEM INFORMATION: Other events FILED AS OF DATE: 20020424 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: 02619489 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 v80964e8-k.htm FORM 8-K e8-k
Table of Contents

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): April 19, 2002

STARBUCKS CORPORATION

(Exact name of registrant as specified in its charter)
         
Washington
(State or other jurisdiction
of incorporation)		   0-20322
(Commission
File Number) 		  91-1325671
(I.R.S. Employer
Identification No.)

2401 Utah Avenue South
Seattle, Washington 98134
(Address of principal executive offices, including zip code)

(206) 447-1575
(Registrants’ telephone number, including area code)

Item 5. Other Events
SIGNATURES
EXHIBIT 99

Table of Contents

Item 5. Other Events

     Attached hereto as Exhibit No. 99 and incorporated herein by reference, is the text of a press release of Starbucks Corporation dated April 19, 2002.

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
(Registrant)
 
Dated: April 23, 2002 By:   /s/ Michael Casey
   
    Michael Casey
executive vice president and
chief financial officer

EX-99 3 v80964ex99.txt EXHIBIT 99 EXHIBIT 99 [STARBUCKS LOGO] Embargoed until April 19, 2002 @ 1:00 AM PDT Contact: Audrey Lincoff Lara Wyss Starbucks Coffee Company Starbucks Coffee Company (206) 318-5013 (206) 318-4620 alincoff@starbucks.com lwyss@starbucks.com STARBUCKS CORPORATION REACHES AGREEMENT TO SETTLE TWO CALIFORNIA CLASS ACTION LAWSUITS - -------------------------------------------------------------------------------- SEATTLE; April 19, 2002-- Starbucks Corporation (Nasdaq: SBUX) announced today that it has reached an agreement to settle two California class action lawsuits filed in 2001. The lawsuits, entitled Carr v. Starbucks Corporation and Shields v. Starbucks Corp., challenged the status of Starbucks California store managers and assistant store managers as exempt employees under California wage and hour laws. While Starbucks denies all liability in these cases, the company has agreed to the settlement in order to resolve all of the plaintiffs' claims without engaging in protracted litigation. The settlement fully resolves all claims brought by the plaintiffs in these California lawsuits. According to the settlement, Starbucks will pay up to $18 million in claims to eligible class members, attorneys' fees and costs, and costs to a third-party claims administrator, as well applicable employer payroll taxes. "Given the unique aspects of California wage and hour laws, which differ significantly from federal and other state laws, we believe this settlement was the best solution for all parties involved," said Jennifer O'Connor, senior vice president and deputy general counsel, Starbucks Coffee Company. "Starbucks was one of many companies that has faced this type of class action lawsuit in California in recent years." -more- STARBUCKS REACHES AGREEMENT PAGE 2 Plaintiffs are represented by the Southern California law firm Spiro Moss Barness Harrison & Barge LLP, the Northern California law firms Hoffman & Lazear and the Law Offices of Randall Crane, and the Thierman Law Firm. Under the settlement agreement, eligible current and former California store managers and assistant store managers may submit claims to a third-party claims administrator. Claims will be paid on a "claims made" basis. The parties hope that the claims process will be completed by September 30, 2002. The settlement is subject to court approval. The parties anticipate that the class members will receive formal notice of their eligibility to participate in the settlement from the third-party claims administrator by June 2002. As a result of the settlement Starbucks will record a one-time charge of $0.03 per share in the second quarter of fiscal 2002. Excluding the settlement and a $0.02 per share capital gain on the sale of Starbucks Japan shares recorded in the first quarter, the company's goal for fiscal year 2002 earnings per share remains unchanged at $0.52 - $0.53. Additionally, as a part of the settlement, plaintiffs and Starbucks are prevented from making any further statements or comments about the lawsuits. Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 5,000 retail locations in North America, Europe, the Middle East and the Pacific Rim, Starbucks sells coffee and tea products through its specialty operations, including its online store at Starbucks.com. Additionally, Starbucks produces and sells bottled Frappuccino(R) coffee drink and a line of superpremium ice creams through its joint venture partnerships. The Company's other brands enhance the Starbucks Experience through best-of-class products: Tazo Tea Company offers a line of innovative premium teas, and Hear Music produces and distributes a line of exceptional compact discs. -more- STARBUCKS REACHES AGREEMENT PAGE 3 This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including anticipated terms and timing of the final settlement and the expected effect of the settlement on the company's financial results, are based on currently available operating, financial and legal information and are subject to various risks and uncertainties. Actual future results may differ materially depending on a variety of factors, including, but not limited to, the timing and possible additional conditions of final court approval of the settlement. ### -----END PRIVACY-ENHANCED MESSAGE-----