Business Context and Reporting Period
This Form 8-K Current Report was filed by Starbucks Corporation on June 11, 2026. The filing addresses a change in the designation of the Company's principal accounting officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance.
Material Changes
On June 11, 2026, Val Bauduin was designated as the Company's principal accounting officer. Consequently, the responsibility for this role transferred from Cathy Smith, the executive vice president and chief financial officer, to Mr. Bauduin. Ms. Smith continues to serve as the principal financial officer. Mr. Bauduin retains his existing title of senior vice president, Corporate Finance and Development, and continues to report to Ms. Smith.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or discussion of risks and contingencies in this filing. Regarding compensation, the Company stated that no changes to Mr. Bauduin's compensation were implemented in connection with this designation, and he will continue to participate in existing compensation and benefit programs applicable to similarly situated officers.
Important Facts for Investors to Verify
- Val Bauduin is now the designated principal accounting officer, a role previously held by CFO Cathy Smith.
- Cathy Smith remains the principal financial officer and executive vice president.
- Mr. Bauduin has no family relationships with other executive officers or directors requiring disclosure.
- No new compensation arrangements were made for Mr. Bauduin as part of this appointment.