On January 25, 2024, The Strategic Organizing Center announced that it has sent a letter to its fellow shareholders outlining why enhanced oversight and proven human capital management expertise is needed on Starbucks? Board of Directors. The SOC also filed definitive proxy materials in connection with Starbucks?

Annual Meeting of Shareholders, which is currently scheduled for March 13, 2024. SOC investment stated that the current Board?s efforts are too little, too late. SOC investment expressed that SOC?s nominees can bring fresh perspectives and the right expertise to help improve oversight and safeguard the best interests of Starbucks shareholders, customers and employees.

In addition, SOC investment stated that as a result of the Board?s responses to the ongoing labor crisis, it is recommending shareholders WITHHOLD on the following directors: Ritch Allison (Compensation Committee chair), Andy Campion (Audit Committee chair) and Jørgen Vig Knudstorp (Nominating/Governance Committee chair).