Rule 14a-8 shareholder proposal · 2024
Humane World for Animals (formerly The Humane Society of the United States) at Starbucks
Ask that Starbucks disclose details of its implementation plans and timelines for reaching its cage-free egg commitment in China and Japan, within six months of the annual meeting, at reasonable cost and omitting proprietary information.
What happened
Result: Not approved at the annual meeting of 12 March 2025, as Proposal 7: 62,795,147 votes for, 738,979,450 against, 9,346,696 abstentions and 147,722,569 broker non-votes, as certified in Starbucks's Item 5.07 Form 8-K. That is 7.8 percent of the shares voted for and against, or 7.7 percent if abstentions are counted in the base.
Starbucks notified the SEC on 4 November 2024 that it intended to leave the proposal out of its proxy materials as ordinary business under Rule 14a-8(i)(7). The proposal appeared in the 2025 proxy statement as Proposal 7 and went to a vote regardless, and was not approved.