Summary by Moomoo AI
Starbucks Corporation announced that Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended that shareholders vote for all 11 of Starbucks' director nominees. The recommendation comes ahead of the company's Annual Meeting of Shareholders, which is scheduled to be held virtually on March 13, 2024. ISS's endorsement is seen as a vote of confidence in Starbucks' board and its executive leadership team, particularly in light of the company's recent investments of nearly $9 billion over three years to enhance the partner (employee) experience. Starbucks has urged shareholders to use the WHITE proxy card to vote for the nominees and to disregard any materials or blue proxy cards from SOC. The company has made additional materials available on vote.Starbucks.com and has appointed Paul, Weiss, Rifkind, Wharton & Garrison LLP and Centerview Partners as its legal and financial advisors, respectively. Shareholders are encouraged to vote by internet, telephone, or mail using the instructions provided on the WHITE proxy card.