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Starbucks | 10-Q/A: Quarterly report (Amendment)

SEC announcement ·  Feb 16 19:11
Summary by Futu AI
Starbucks Corporation has filed an amended quarterly report for the period ending December 31, 2023. The amendment, submitted to the SEC on February 16, 2024, includes the addition of a previously omitted Rule 10b5-1 trading arrangement for Michael Conway, Group President of International and Channel Development. The report confirms that Starbucks has complied with all filing requirements for the past 90 days and is classified as a large accelerated filer. No changes were made to the financial statements from the original filing, and the company's stock, with a par value of $0.001 per share, remains registered on the Nasdaq Global Select Market under the symbol SBUX. As of January 24, 2024, Starbucks has 1,132.2 million shares outstanding. The amendment also details trading arrangements for executive officers, including the sale...Show More
Starbucks Corporation has filed an amended quarterly report for the period ending December 31, 2023. The amendment, submitted to the SEC on February 16, 2024, includes the addition of a previously omitted Rule 10b5-1 trading arrangement for Michael Conway, Group President of International and Channel Development. The report confirms that Starbucks has complied with all filing requirements for the past 90 days and is classified as a large accelerated filer. No changes were made to the financial statements from the original filing, and the company's stock, with a par value of $0.001 per share, remains registered on the Nasdaq Global Select Market under the symbol SBUX. As of January 24, 2024, Starbucks has 1,132.2 million shares outstanding. The amendment also details trading arrangements for executive officers, including the sale of up to $900,000 of shares and additional shares upon vesting of RSUs for Rachel Ruggeri, Executive Vice President and Chief Financial Officer. The company's business development and future plans were not discussed in the amendment, and it should be read in conjunction with the original filing and other SEC filings for a comprehensive understanding of Starbucks' performance and outlook.

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