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  "documentTitle": "Starbucks | Investor Presentation Deck | 61 slides",
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  "authorName": "Starbucks",
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  "presentationDate": "2024-02-01 00:00:00",
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      "text": "Our Board Is Independent, Diverse and Committed\nAll board members bring broad experience, equipping them to represent the interests of all shareholders and not just a limited category of shareholder interests\nCommitted to diversity, with 64% of Board comprised of diverse Directors\nDirectors who are full-time employees of a publicly traded company may only serve on two additional public Boards\nDirectors are required to notify the chair of the Board, the chair of the Nominating and Corporate Governance Committee and the general counsel to serve on the Board of any additional public companies",
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      "text": "Accountability to Shareholders\nAnnual election of all Directors\nMajority voting procedures for uncontested Director elections\nRobust, long-standing shareholder outreach program\nEach Board meeting agenda includes time for executive session with only independent Directors present\nNo supermajority voting provisions²\nNo \"poison pill\"",
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      "text": "Our Board Has Evolved and is Built for the Long-Term\nSignificant refresh of our Board over the last few years\nAdded three new highly-qualified Directors in January 2024\nAdded three new highly-qualified Directors in 2023\n73% of current members joined our Board after 2018 and 55% joined in the last year\nApproach Board refreshment as an ongoing process\nMandatory retirement age of 75\nAll current directors are 65 or younger",
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      "text": "Executive Compensation is Aligned With Shareholders\nStrong pay-for-performance philosophy\nPerformance metrics consist of both absolute and relative performance\n87% of other NEO¹ compensation was at-risk and 58% was performance based in FY'23\nAnnual FY'24 incentive compensation determined as 75% financial performance and 25% individual performance factor\nTarget FY'24 PRSUs determined by 3-year average EPS, 3-year average TSR vs. S&P 500, talent metric and sustainability targets\nTarget FY'24 RSUs vest over four years (25% each year)",
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      "text": "Mergers must be approved by supermajority, which is the default rule under Washington law.",
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      "text": "Source: Company SEC filings.",
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      "text": "Starbucks named executive officer (excludes CEO). CEO's FY'23 compensation reflects 93% at risk and 62% performance based.",
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      "text": "We Are Committed to Strong Corporate Governance Practices that Support Our Strategy for Long-Term, Sustainable Growth",
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