Public Company Update: Corporate America Beware: Labor Unions, Social Activists, and Universal Proxy Cards

Paul Hastings LLP
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On November 21, 2023, a coalition of labor unions led by the Service Employees International Union (SEIU), announced that it has nominated three director candidates for election to the Board of Directors of Starbucks at the 2024 annual meeting of shareholders. The coalition, which beneficially owns less than 0.00002% of the company’s outstanding shares, is effectively using the campaign as a means to ratchet up its efforts to unionize Starbucks’ workforce.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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