-----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, I6E+8lJE+DLxInlPSH8lak3ZqOdl7v7x88EMy7vhNxJnQa3D7CxfNBMdVIEUoAM/ BuIQZO/KEaPIzvvXGrTupg== 0000891020-02-000912.txt : 20020620 0000891020-02-000912.hdr.sgml : 20020620 20020619171945 ACCESSION NUMBER: 0000891020-02-000912 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020619 ITEM INFORMATION: Other events FILED AS OF DATE: 20020619 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: 02682578 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 v82500e8vk.htm FORM 8-K e8vk
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): June 19, 2002

STARBUCKS CORPORATION

(Exact name of registrant as specified in its charter)
         
Washington   0-20322   91-1325671
(State or other jurisdiction
of incorporation)		   (Commission
File Number) 		  (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
SIGNATURE
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 June 19, 2002.

SIGNATURE

     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: June 19, 2002   /s/ MICHAEL CASEY
   
    By: Michael Casey
executive vice president and
chief financial officer

  EX-99 3 v82500exv99.htm EXHIBIT 99 exv99

 

EXHIBIT 99
For Immediate Release
Contact: Tracy Moran
Starbucks Investor Relations
206-318-7806

Starbucks Expands Stock Repurchase Plan
Strong Balance Sheet Supports Opportunity to Build Shareholder Value

SEATTLE; June 19, 2002 — Starbucks Corporation (Nasdaq: SBUX) today announced that its Board of Directors has authorized the repurchase of up to 10 million shares of the Company’s common stock. Since it first instituted a share repurchase plan in September 2001, the Company has repurchased a total of 3.5 million shares of its common stock at a cost of $51.6 million under prior authorization of up to $60 million. Under the expanded plan, 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.

Share repurchases under the expanded plan will be funded through cash and short term investments and are primarily intended to offset dilution from stock-based employee compensation plans. The Company currently has approximately 387 million shares of common stock outstanding.

“The Board of Directors’ decision to expand the buy-back program reflects Starbucks commitment to pursuing opportunities for creating shareholder value,” said Michael Casey, chief financial officer. “This stock repurchase program builds on our successful capital management strategy which supports funding the Company’s significant and exciting future growth plans while continuing to improve return on shareholders’ equity.”

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® 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.

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