UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): May 3, 2011
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) |
(IRS Employer Identification No.) |
2401 Utah Avenue South, Seattle, Washington 98134
(Address of Principal Executive Offices)
(206) 447-1575
(Registrants 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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 3, 2011, the Board of Directors of Starbucks Corporation (the Company) increased the number of directors of the Company from 10 to 11 and elected Joshua Cooper Ramo to serve as a director of the Company. Mr. Ramo was also appointed to serve on the Companys Nominating and Corporate Governance Committee. A copy of the press release containing the announcement of Mr. Ramos election is attached as Exhibit 99.1.
Mr. Ramo will participate in the standard compensation plan for non-employee directors, including the new non-employee director stock option award, as described in the Companys proxy statement filed with the Securities and Exchange Commission. There is no arrangement or understanding pursuant to which Mr. Ramo was elected as a director, and there are no related party transactions between the Company and Mr. Ramo that would require disclosure under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description | |
99.1 | Press release of Starbucks Corporation dated May 5, 2011 |
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 | ||||||
Dated: May 5, 2011 | ||||||
By: | /s/ Paula E. Boggs | |||||
Paula E. Boggs | ||||||
executive vice president, general counsel and secretary |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Press release of Starbucks Corporation dated May 5, 2011 |
Exhibit 99.1
Contact:
Alan Hilowitz
Starbucks Corporation
206-318-7100
press@starbucks.com
Starbucks Appoints Joshua Cooper Ramo to Board of Directors
SEATTLE; May 5, 2011 Starbucks Corporation (Nasdaq: SBUX) announced today that Joshua Cooper Ramo, Managing Director at Kissinger Associates, a business and government strategic advisory firm, was elected to the Starbucks Board of Directors on May 3. Ramo will serve on the Nominating and Corporate Governance committee.
As we accelerate the growth of our international business, Joshuas notable experience and perspective will complement our already strong and diverse Board, said Howard Schultz, chairman, president and ceo of Starbucks. His expertise, especially with regard to China, will be an invaluable contribution to maintaining our global leadership and strategic competitive advantage.
Ramo, 42, has been called one of Chinas leading foreign-born scholars by the World Economic Forum, and has written several papers on Chinas development, which have been distributed in China and abroad. In 2008, Ramo served as China Analyst for NBC during the Summer Olympics in Beijing and shared an Emmy Award for his work at the Opening Ceremony. Prior to his current advisory role, Ramo was an award-winning journalist and Senior Editor and Foreign Editor of TIME Magazine. Ramo is also a New York Times best-selling author of the book The Age of the Unthinkable: Why the New World Order Constantly Surprises Us and What We Can Do About It, which has been published in nearly 20 languages.
Ramo holds degrees from the University of Chicago and New York University, and has been a member of the Council on Foreign Relations, Asia21 Leaders Program, World Economic Forums Young Global Leaders and Global Leaders for Tomorrow, and co-founder of the U.S. China Young Leaders Forum.
Im delighted to join the Starbucks Board of Directors and help chart the future of this iconic company, said Ramo. Starbucks is an aspirational, exciting brand with unquestioned global relevance. I look forward to contributing to the next phase of the companys growth.
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.
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