Form 8-K





Washington, DC 20549







Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 21, 2012




(Exact Name of Registrant as Specified in its Charter)




Washington   0-20322   91-1325671

(State or Other Jurisdiction of




File Number)


(IRS Employer

Identification No.)

2401 Utah Avenue South, Seattle, Washington 98134

(Address of Principal Executive Offices)

(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:


¨ 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.

At the Annual Meeting of Shareholders of Starbucks Corporation (the “Company”) held on March 21, 2012 (the “2012 Annual Meeting”), the Company’s shareholders approved an amendment and restatement of the Starbucks Corporation Executive Management Bonus Plan (the “Plan”). The Board of Directors of the Company (the “Board”) had previously adopted and approved the amended and restated Plan on November 8, 2011, subject to shareholder approval.

The amendments to the Plan include the following: (1) expand the list of performance measures that can be used for objective performance goals, (2) increase the maximum dollar amount that may be payable to any participant in any one year under the objective performance goals from $3,500,000 to $10,000,000, (3) subject certain awards under the Plan to the Starbucks Recovery of Incentive Compensation Policy, and (4) make certain other administrative changes. The foregoing summary of the Plan amendments is qualified in its entirety by reference to Appendix A to the Company’s definitive proxy statement filed with the Securities and Exchange Commission on January 26, 2012 (the “Proxy Statement”).

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the 2012 Annual Meeting, the Company’s shareholders voted on (1) the election of 11 directors nominated by the Board to serve until the 2013 Annual Meeting of Shareholders and until their successors are elected and qualified, (2) an advisory resolution on executive compensation, (3) an amendment and restatement of the Plan, (4) the ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2012, and (5) a shareholder proposal regarding a Board committee on sustainability.

The table below sets forth the number of votes cast for and against, and the number of abstentions and broker non-votes, for each matter voted upon by the Company’s shareholders.


     Votes For      Votes Against      Abstentions      Broker

Proposal 1: Election of Directors


Howard Schultz

     547,203,881         17,733,193         515,693         104,574,641   

William W. Bradley

     564,309,214         759,533         384,020         104,574,641   

Mellody Hobson

     561,762,866         3,324,459         365,442         104,574,641   

Kevin R. Johnson

     564,524,712         519,842         408,213         104,574,641   

Olden Lee

     562,566,943         2,323,714         562,110         104,574,641   

Joshua Cooper Ramo

     564,381,749         664,716         406,302         104,574,641   

James G. Shennan, Jr.

     560,836,559         4,213,243         402,965         104,574,641   

Clara Shih

     564,406,638         674,435         371,694         104,574,641   

Javier G. Teruel

     564,288,419         764,955         399,393         104,574,641   

Myron E. Ullman, III

     564,254,644         783,660         414,463         104,574,641   

Craig E. Weatherup

     560,981,882         4,059,623         411,262         104,574,641   

     Votes For      Votes Against      Abstentions     




Proposal 2: Approval of Advisory Resolution on Executive Compensation

     527,182,101         35,091,194         3,179,472         104,574,641   
     Votes For      Votes Against      Abstentions     




Proposal 3: Approval of Amendment and Restatement of the Executive Management Bonus Plan

     548,558,893        16,026,243        867,631         104,574,641   
     Votes For      Votes Against      Abstentions     




Proposal 4: Ratification of Independent Registered Public Accounting Firm

     664,274,336         5,151,404        601,668         0   
     Votes For      Votes Against      Abstentions     




Proposal 5: Shareholder Proposal Regarding Board Committee on Sustainability

     20,064,791         470,258,539         75,129,437         104,574,641   


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.


Dated: March 26, 2012    

    /s/ Paula E. Boggs

      Paula E. Boggs

executive vice president,

general counsel and secretary