8-K/A: Starbucks Sets Brad Lerman's Chief Legal Officer Departure Date
Executive Change
Starbucks Corporation announced the effective date of Brad Lerman's departure as Executive Vice President and Chief Legal Officer as November 14, 2025.
Summary
- Starbucks Corporation filed an Amendment No. 1 to its Form 8-K, originally filed on June 4, 2025.
- The amendment specifies that Brad Lerman ceased serving as Executive Vice President and Chief Legal Officer effective at the close of business on November 14, 2025.
- Mr. Lerman will remain with the company in an advisory capacity during a transition period to ensure an orderly handover of responsibilities.
Sentiment
Score: 5
Explanation: Neutral. This filing provides a factual update on a previously announced executive departure, clarifying the effective date and transition plan. It does not introduce new positive or negative operational or financial information.
Risks
- Potential for disruption during the transition period as a key executive departs.
- Risk of delay in identifying and onboarding a suitable successor, potentially impacting legal and governance functions.
Future Outlook
Mr. Lerman will remain in an advisory capacity to ensure an orderly transition of responsibilities, indicating a focus on continuity during the leadership change.
Industry Context
Executive leadership changes, particularly in key legal roles, are common in large corporations like Starbucks. An orderly transition, as described, is standard practice to minimize operational disruption and maintain corporate governance stability.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| EVP, Chief Legal Officer | Brad Lerman | November 14, 2025 | Cessation of service, previously announced with date to be determined. |
Stakeholder Impact
- Shareholders: Minor impact, as the departure was previously announced, and a transition plan is in place. Focus will be on the eventual successor.
- Employees: Potential for minor uncertainty within the legal department during the transition, but the advisory role aims to mitigate this.
- Customers/Suppliers/Creditors: No direct impact.
Next Steps
- Brad Lerman will serve in an advisory capacity during a transition period.
- The company will continue the process of identifying and onboarding a successor for the Chief Legal Officer role.
Key Dates
| Date | Description |
|---|---|
| June 4, 2025 | Original Form 8-K filed, announcing Brad Lerman's departure as EVP, Chief Legal Officer, with the effective date to be determined. |
| November 14, 2025 | Effective date of Brad Lerman's cessation of service as EVP, Chief Legal Officer. |
Keywords
Starbucks, SBUX, Executive Change, Chief Legal Officer, Brad Lerman, Corporate Governance, SEC Filing, 8-K/A
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