Starbucks Corporation filings document material events, operating results, governance matters, and corporate transactions for the Nasdaq-listed coffee company. Recent Form 8-K reports furnish quarterly earnings releases covering comparable store sales, revenue, margins, segment performance, and store portfolio disclosures across the company’s global coffeehouse operations.
The filing record also includes Regulation FD disclosures on the completed China retail joint venture, annual meeting voting results, a definitive proxy statement covering director elections, executive compensation and auditor ratification, and amended officer-transition disclosures. These documents record Starbucks’ governance structure, shareholder voting matters, executive leadership changes, and transaction-related disclosures tied to its international retail operations.
Starbucks Corporation is asking shareholders to vote at its virtual 2026 annual meeting on 11 director nominees, a say-on-pay advisory vote, ratification of Deloitte & Touche as auditor for fiscal 2026, and nine shareholder proposals covering governance, board leadership, healthcare coverage, compensation gaps, data tools, and charitable matching policies.
The proxy highlights the “Back to Starbucks” turnaround, with fiscal 2025 consolidated net revenues of $37.2 billion, up 3%, but GAAP operating margin contracting to 7.9% and GAAP EPS falling 51% to $1.63, largely due to restructuring, investments, and inflation. Non-GAAP operating margin was 9.9% and non-GAAP EPS was $2.13, both down year-over-year. The global store count reached 40,990, and U.S. Starbucks Rewards 90-day active members grew to 34.2 million. Starbucks returned $2.8 billion to shareholders through dividends and marked its 15th consecutive annual dividend increase. The board emphasizes its combined chair/CEO structure with a lead independent director and fully independent committees.
Starbucks Corporation (SBUX) Chairman and CEO Brian R. Niccol reported an automatic share withholding related to equity compensation. On 11/19/2025, the company withheld 11,821.856 shares of common stock, coded "F" to indicate shares were retained by the issuer to cover tax withholding obligations upon the vesting of restricted stock units, rather than sold in the open market. The transaction price was $83.68 per share.
After this tax-withholding event, Niccol reported beneficial ownership of 474,470.238 shares of Starbucks common stock held directly. No derivative securities transactions were reported in this filing.
Starbucks Corporation (SBUX) reported insider equity activity for its International CEO, Brady Brewer. On 11/18/2025, the company withheld 4,413.36 shares of common stock at $83.33 per share to cover tax obligations upon the vesting of restricted stock units. On 11/19/2025, it similarly withheld 1,428.012 shares at $83.68 per share for the same purpose.
These transactions are coded as "F," indicating shares withheld by the issuer for tax withholding and not open market sales. After these withholding transactions, Brewer beneficially owned 87,655.135 shares of Starbucks common stock in direct ownership.
Starbucks Corporation executive Form 4 filing reports a routine share withholding by the company’s Executive Vice President and Chief Financial Officer, Cathy R. Smith. On 11/19/2025, Starbucks withheld 1,904.262 shares of common stock at a price of $83.68 per share to cover tax obligations when her restricted stock units vested, which was not an open market transaction. After this transaction, she beneficially owned 65,122.738 shares of Starbucks common stock directly.
Starbucks Corporation (SBUX) reported insider equity activity by its evp, chief partner officer, on a Form 4. The filing shows that on 11/18/2025, the officer had 2,042.382 shares of common stock withheld by the company at a price of $83.33, and on 11/19/2025 an additional 1,020.346 shares were withheld at $83.68. In both cases, the shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units and were not open market transactions. After these transactions, the officer beneficially owned 61,557.3733 Starbucks common shares directly.
Starbucks Corporation (SBUX) executive vice president and chief legal officer Bradley E. Lerman reported an automatic share withholding transaction related to equity compensation. On 11/14/2025, Starbucks withheld 864.074 shares of common stock at a price of $84.78 per share to satisfy tax withholding obligations upon the vesting of restricted stock units, which is described as not being an open market transaction. Following this withholding, Lerman beneficially owned 42,675.7235 shares of Starbucks common stock in direct ownership.
Starbucks (SBUX) executive Sara Kelly, executive vice president and chief partner officer, reported an automatic share withholding to cover taxes on a stock award. On 11/14/2025, the company withheld 602.906 shares of common stock at a price of $84.78 per share in connection with the vesting of restricted stock units. This was recorded under transaction code F, which indicates tax withholding and not an open market sale. After this transaction, Kelly beneficially owned 64,620.1013 Starbucks shares, all held directly.
Starbucks Corporation (SBUX) reported an insider equity transaction by an officer serving as CEO, International. On 11/14/2025, 1,205.569 shares of common stock were withheld by the company at a price of $84.78 per share to cover tax obligations upon the vesting of restricted stock units, which means this was not an open market sale. Following this tax withholding, the reporting person directly owned 93,496.507 shares of Starbucks common stock.
Starbucks Corporation filed an amended report to update details about a previously reported leadership change in its legal department. The company had indicated that Brad Lerman would no longer serve as executive vice president and chief legal officer once a successor was identified. This amendment specifies that Mr. Lerman ceased serving as evp, chief legal officer effective as of the close of business on November 14, 2025. He will remain with Starbucks in an advisory capacity during a transition period to help ensure an orderly handover of responsibilities.
Starbucks Corporation (SBUX) filed its Annual Report (Form 10‑K) for fiscal year ended September 28, 2025. The company operates in 89 markets with three segments: North America, International, and Channel Development. Segment revenue mix for fiscal 2025 was North America 74%, International 21%, and Channel Development 5%.
Starbucks reported 40,990 total stores, including 21,514 company‑operated and 19,476 licensed locations. Revenue from company‑operated stores accounted for 83% of total net revenues. As part of its “Back to Starbucks” strategy, the company announced a restructuring plan in the fourth quarter of fiscal 2025, which included closing 627 stores that did not meet brand and financial criteria.
As of March 30, 2025, the aggregate market value of common stock held by non‑affiliates was $111.0 billion. As of November 7, 2025, common shares outstanding were 1,137.1 million. Starbucks employed approximately 381,000 people worldwide, with about 223,000 in the U.S., and partners in approximately 6% of U.S. company‑operated stores represented by unions.