Summary by Futu AI
On February 13, 2024, Starbucks Corporation was involved in a proxy statement event, as detailed in a Schedule 14A filed pursuant to Section 14(a) of the Securities Exchange Act of 1934. The filing was made by the Strategic Organizing Center (SOC), a service group associated with the Service Employees International Union, and not by Starbucks itself. The SOC published material on its website and made social media posts to Starbucks shareholders, advocating for boardroom changes at the company. The SOC's campaign, under the banner 'Brew A Better Starbucks,' promotes its nominees for the Starbucks board, emphasizing their qualifications in union integration and human capital management. The SOC is urging shareholders to vote for these nominees to address what they describe as the company's 'broken approach to labor issues.' The campaign includes a call to action for shareholders to vote immediately for the SOC's nominees and provides a phone number and website for more information.