EXHIBIT 99.1
Starbucks Contact, Investor Relations:
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Starbucks Contact, Media: | |
JoAnn DeGrande
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Valerie ONeil | |
206-318-7118
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206-318-7100 |
Starbucks Enhances Corporate Governance;
Amends Bylaws to Adopt Majority Voting
Amends Bylaws to Adopt Majority Voting
SEATTLE; November 20, 2007 Starbucks Coffee Company (NASDAQ: SBUX) today announced that its
Board of Directors has amended the companys bylaws to include majority voting procedures for the
election of directors.
Starbucks enhanced the bylaws to include majority voting to allow shareholders to play a more
meaningful role in the election of their directors. This change demonstrates Starbucks ongoing
commitment to strong corporate governance practices.
Effective immediately, director nominees must receive more for than against votes to be elected
in an uncontested election. Additionally, the term of a nominee who does not receive a majority of
the votes cast will end on the earliest of either: 1) 90 days after the date election results are
certified; 2) the date the director resigns; or 3) the date the Board of Directors fills the
position.
Further information about Starbucks corporate governance practices can be found within the Investor
Relations section of the companys website at www.starbucks.com.
About Starbucks
Starbucks Coffee Company provides an uplifting experience that enriches peoples lives one moment,
one human being, one extraordinary cup of coffee at a time. To share in the experience, visit
www.starbucks.com.
© 2007 Starbucks Coffee Company. All rights reserved.
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