Summary by Moomoo AI
On January 17, 2024, the United States Securities and Exchange Commission (SEC) addressed a letter to Mary Kay Henry, International President of the Service Employees International Union (SEIU), regarding the union's Preliminary Proxy Statement filed on January 12, 2024, for Starbucks Corporation. The SEC's letter contained comments and requests for additional information on the SEIU's proxy statement. The SEC asked the SEIU to identify by name the company nominees they oppose and to explain the reasons for their opposition. Additionally, the SEC requested support for the SEIU's claim that the new board members lack notable labor law or human capital management experience. The letter also sought clarification on the SEIU's understanding of broker non-votes and their impact on the proposals to be voted on at Starbucks' Annual Meeting. The SEC reminded the SEIU of their responsibility for the accuracy and adequacy of their disclosures. The SEC's review process may lead to further comments after the SEIU responds to the initial queries.