On January 11, 2024, Starbucks Corporation announced that it has received a shareholder proposal from Sandy Labowitz requesting Board issue a report examining any costs to Starbucks? reputation and any impact on its projected sales incurred as a result of its ongoing upcharge on plant-based milk. The board should summarize and present its findings to shareholders by the end of the third quarter of the current fiscal year.

The report should be completed at a reasonable cost and omit proprietary information. In addition, the board has recommended a vote against this proposal at the 2024 Annual Meeting of Shareholders.