On November 22, 2023, Strategic Organizing Center (SOC) Investment Group announced that on November 21, 2023, it has nominated 3 director candidates Maria Echaveste, Hon. Joshua Gotbaum and Wilma Liebman for election to the Starbucks Board of Directors at the upcoming 2024 Annual Meeting of Shareholders. SOC stated that it believes the Company?s severe human capital mismanagement has materially damaged the Company?s reputation and exposed it to significant financial, legal and regulatory risk.

SOC added that its nominees would bring independent perspectives and relevant experience enhancing human capital management practices, facilitating constructive outcomes for labor issues and overseeing engagement with policymakers and regulators.