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

On March 23, 2023, Starbucks Corporation (the "Company") held its 2023 Annual Meeting of Shareholders (the "Annual Meeting"). The matters submitted to a vote at the Annual Meeting and the voting results of such matters are as follows:

Proposal 1 - Election of Directors

The Company's shareholders elected each of the 8 directors nominated by the Company's Board of Directors (the "Board") to serve until the 2024 Annual Meeting of Shareholders or until their successors are duly elected and qualified. The following is a breakdown of the voting results:




   Name of Nominee                 For          Against      Abstain     Broker Non-Votes
   Richard E. Allison, Jr.     765,140,539    48,657,677    1,712,845      152,169,391
   Andrew Campion              791,247,457    21,668,017    2,595,587      152,169,391
   Beth Ford                   810,943,161     2,980,972    1,586,928      152,169,391
   Mellody Hobson              749,752,276    63,368,347    2,390,438      152,169,391
   Jørgen Vig Knudstorp        686,723,902    126,792,951   1,994,208      152,169,391
   Satya Nadella               778,909,139    34,976,721    1,625,201      152,169,391
   Laxman Narasimhan           806,832,333     6,704,004    1,974,724      152,169,391
   Howard Schultz              801,698,565    12,319,675    1,492,821      152,169,391

Proposal 2 - Advisory Resolution on Executive Compensation

At the Annual Meeting, the shareholders approved, on a nonbinding, advisory basis, the compensation paid to our named executive officers. The following is a breakdown of the voting results:




                    For          Against      Abstain     Broker Non-Votes
                692,016,240    118,808,972   4,685,849      152,169,391

Proposal 3 - Advisory Resolution on the Frequency of Future Votes on Executive Compensation

At the Annual Meeting, the shareholders approved, on a nonbinding, advisory basis, an annual vote frequency for future advisory votes on the compensation of the Company's named executive officers. The following is a breakdown of the voting results:




               1 Year       2 Years     3 Years     Abstain     Broker Non-Votes
            803,323,439    1,320,611   8,575,542   2,291,469      152,169,391

In light of the voting results on Proposal 3, the Company has decided to include the advisory stockholder vote on the compensation of the Company's named executive officers in its proxy materials on an annual basis until the next required advisory vote on the frequency of the advisory stockholder vote on compensation paid to the Company's named executive officers.

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Proposal 4 - Ratification of the Selection of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for Fiscal 2023

At the Annual Meeting, the shareholders approved the ratification of the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending October 1, 2023. The following is a breakdown of the voting results:




                    For         Against      Abstain     Broker Non-Votes
                931,747,760    33,624,488   2,308,204           --

Proposal 5 - Shareholder Proposal Regarding a Report on Plant-Based Milk Pricing

At the Annual Meeting, the shareholders did not approve a shareholder proposal regarding a report on plant-based milk pricing. The following is a breakdown of the voting results:




                    For          Against      Abstain     Broker Non-Votes
                 42,814,872    765,013,195   7,682,994      152,169,391

Proposal 6 - Shareholder Proposal Regarding a ceo Succession Planning Policy Amendment

At the Annual Meeting, the shareholders did not approve a shareholder proposal regarding a ceo succession planning policy amendment. The following is a breakdown of the voting results:




                    For          Against      Abstain     Broker Non-Votes
                170,045,173    640,270,620   5,195,268      152,169,391

Proposal 7 - Shareholder Proposal Regarding Annual Reports on Company Operations in China

At the Annual Meeting, the shareholders did not approve a shareholder proposal regarding annual reports on Company operations in China. The following is a breakdown of the voting results:




                   For          Against      Abstain      Broker Non-Votes
                36,072,616    765,333,046   14,105,399      152,169,391

Proposal 8 - Shareholder Proposal Regarding an Assessment of Worker Rights Commitments

At the Annual Meeting, the shareholders approved a shareholder proposal regarding an assessment of worker rights commitments. The following is a breakdown of the voting results:




                   For          Against      Abstain      Broker Non-Votes
               418,792,991    386,056,422   10,661,648      152,169,391

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Proposal 9 - Shareholder Proposal Regarding the Creation of a Board Committee on Corporate Sustainability

At the Annual Meeting, the shareholders did not approve a shareholder proposal regarding the creation of a Board committee on corporate sustainability. The following is a breakdown of the voting results:




                   For          Against      Abstain      Broker Non-Votes
                21,649,542    782,582,216   11,279,303      152,169,391

The above proposals are further described in the Company's definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on January 27, 2023.

Item 7.01 Regulation FD Disclosure.

As previously discussed in our 2023 proxy statement and in our supplemental materials (filed on March 3, 2023), Starbucks is undertaking an independent, third-party human rights impact assessment, which will include a deeper-level review of the principles of freedom of association and the right to collective bargaining. Together these actions represent a broader commitment than the shareholder proposal requests and follow our introduction in 2019 of our annual Civil Rights Assessment, which has become a model for others to follow. This impact assessment work is already underway. It is clear from the vote result in the proposal that our investors share our commitment to our partners, and we will continue to improve the partner experience by engaging them on our industry-leading, partner-first initiatives. This assessment work is intended to inform Starbucks leadership and our board of directors of any changes we can make to our operations to improve the partner experience. Our focus is on using any findings to understand how we can best support our partners. We expect to make the results of the human rights impact assessment available to shareholders, stakeholders, and other interested parties, subject to the legal privilege considerations described in our board recommendation.

Forward-Looking Statements

Certain statements contained herein are "forward-looking" statements within the meaning of applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as "aim," "anticipate," "believe," "continue," "could," "estimate," "expect," "feel," "forecast," "intend," "may," "outlook," "plan," "potential," "predict," "project," "seek," "should," "will," "would," and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements may include statements relating to trends in or expectations relating to the effects of our existing and any future initiatives, strategies, investments and plans, including our Reinvention plan, as well as trends in or expectations regarding our financial results and long-term growth model and drivers; our operations in the U.S. and China; our environmental, social and governance efforts; our partners; economic and consumer trends, including the impact of inflationary pressures; impact of foreign currency translation; strategic pricing actions; the conversion of certain market operations to fully licensed models; our plans for streamlining our operations, including store openings, closures and changes in store formats and models; the success of our licensing relationship with Nestlé, of our consumer packaged goods and foodservice business and its effects on our Channel Development segment results; tax rates; business opportunities, expansions and new initiatives, including Starbucks Odyssey; strategic acquisitions; our dividends programs; commodity costs and our mitigation strategies; our liquidity, cash flow from operations, investments, borrowing capacity and use of proceeds; continuing compliance with our covenants under our credit facilities and commercial paper program; repatriation of cash to the U.S.; the likelihood of the issuance of additional debt and the applicable interest rate; the continuing impact of the COVID-19 pandemic on our financial results and future availability of governmental subsidies for COVID-19 or other public health events; our ceo transition; our share repurchase program; our use of cash and cash requirements; the expected effects of new accounting pronouncements and the estimated impact of changes in U.S. tax law, including on tax rates, investments funded by these changes and potential outcomes; and effects of legal proceedings. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: the continuing impact of COVID-19 on our business; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions; the resurgence of COVID-19 infections and the circulation of novel variants of COVID-19; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the

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ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling; potential negative effects of material breaches of our information technology systems to the extent we experience a material breach; material failures of our information technology systems; costs associated with, and the successful execution of, the Company's initiatives and plans; new initiatives and plans or revisions to existing initiatives or plans; our ability to obtain financing on acceptable terms; the acceptance of the Company's products by our customers, evolving consumer preferences and tastes and changes in consumer spending behavior; partner investments, changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts; failure to attract or retain key executive or employee talent or successfully transition executives; significant increased logistics costs; inflationary pressures; the impact of competition; inherent risks of operating a global business including any potential negative effects stemming from the Russian invasion of Ukraine; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented, including the Inflation Reduction Act of 2022 and other risks detailed in our filings with the Securities and Exchange Commission, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings.

A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this report. We are under no obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

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