2018 Guide to Effective Proxies

2.4 Proxy summary | 93 6 TH EDITION | GUIDE TO EFFECTIVE PROXIES STARBUCKS CORPORATION PROXYSTATEMENTSUMMARY CorporateGovernanceHighlights 2017 Board Evaluations Annually Frequencyof BoardElections Annual Director EquityGrants Yes Mandatory RetirementAge 75 FullBoard Meetings 8 Independent DirectorNominees 9of12 Board Independence • IndependentDirectorNominees • Independent LeadDirector • IndependentBoardCommittees 9of12 MyronE. Ullman, III All • Mandatory retirementage 75 DirectorElections • Frequency ofboardelections • Voting standard for uncontested elections • Annual Majorityof votescast BoardMeetings inFiscal2017 • Full boardmeetings • Independentdirector-only sessions 8 8 AligningDirectorand Shareholder Interests • Director stock ownershipguidelines • Director equitygrants Yes Yes BoardCommitteeMeetings inFiscal2017 • Audit andCompliance • Compensation and ManagementDevelopment • NominatingandCorporate Governance 9 8 6 ProxyAccess forDirector Nominations Evaluatingand Improving BoardPerformance • Boardevaluations • Committee evaluations Annually Annually • Board orientation Yes Ownership Threshold:3%; Holdingperiod:3years; Nominees:Greaterof2or20% ofboard; Group formation: Up to20shareholders 2017IndependentDirectorNominees9of12FullBoardMeetings8FrequencyofBoardElectionsAnnualMandatoryRetirementAge75BoardEvaluationsAnnuallyDirectorEquityGrantsYesBoardIndependenceIndependentDirectorNominees9of12IndependentLeadDirectorMyronE.Ullman,IIIIndependentBoardCommitteesAllMandatoryretirementage75DirectorElectionsFrequencyofboardelectionsAnnualVotingstandardforuncontestedelectionsMajorityofvotescastProxyAccessforDirectorNominationsOwnershipThreshold:3%;Holdingperiod:3years;Nominees:Groupformation:Greaterof2or20%ofboard;Upto20shareholdersBoardMeetingsinFiscal2017Fullboardmeetings8Independentdirector-onlysessions8BoardCommitteeMeetingsinFiscal2017AuditandCompliance9CompensationandManagementDevelopment8NominatingandCorporateGovernance6EvaluatingandImprovingBoardPerformanceBoardevaluationsAnnuallyCommitteeevaluationsAnnuallyBoardorientationYesAligningDirectorandShareholderInterestsDirectorstockownershipguidelinesYesDirectorequitygrantsYes STARBUCKSCORPORATION 2018PROXYSTATEMENT / 3 Total of 04 pages in section PROXYSTATEMENTSUMMARY BoardNominees Thefollowingtableprovidessummaryinformationabouteachdirectornominee.Eachdirectornomineeiselectedannuallybyamajorityofvotes cast. DirectorTenure AgeDistribution Gender 0-4YRS. 5-9YRS. 10-14YRS. 15-19YRS. 20+YRS. 3 2 4 2 1 Average DirectorTenure: 10 yrs (1) (3) (4) (2) (2) Average Age: 56 30s 40s 50s 60s 70s 33% WOMEN 8Men 4Women CommitteeMemberships Name Age Director Since PrincipalOccupation Independent ACC CMDC NCGC HowardSchultz 64 1985 executivechairmanofStarbucks Corporation RosalindG.Brewer* 55 2017 grouppresident,Americasand chiefoperatingofficerof StarbucksCorporation MaryN.Dillon 56 2016 chiefexecutiveofficerand directorofUltaBeauty,Inc. MellodyHobson 48 2005 presidentanddirectorofAriel Investments C KevinR.Johnson 57 2009 presidentandchiefexecutive officerofStarbucksCorporation JørgenVigKnudstorp 49 2017 executivechairmanofLEGO BrandGroup SatyaNadella 50 2017 chiefexecutiveofficerand directorofMicrosoftCorporation JoshuaCooperRamo 49 2011 co-chiefexecutiveofficerandvice chairmanofKissingerAssociates, Inc. ClaraShih 36 2011 chiefexecutiveofficerand directorofHearsaySystems,Inc. JavierG.Teruel 67 2005 retiredvicechairmanofColgate- PalmoliveCompany MyronE.Ullman,III 71 2003 retiredexecutivechairmanand ceoofJ.C.PenneyCompany, Inc. , L C CraigE.Weatherup 72 1999 retiredchiefexecutiveofficerof Pepsi-Cola C C Chair L LeadIndependentDirector * Ms.Brewerwasanindependentmemberoftheboardofdirectorsandamember oftheCMDCandtheNCGCpriortoherappointmentasgrouppresident, Americasandchiefoperatingofficer,afterwhichtimeshecontinuedtoserveasa non-independentmemberoftheboardofdirectors. ACC CMDC NCGC AuditandComplianceCommittee CompensationandManagementDevelopmentCommittee NominatingandCorporateGovernanceCommittee 2 / 2018PROXYSTATEMENT Proxy Statement Summary Thissummaryhighlightsinformationcontainedelsewhereinthisproxystatement.Itdoesnotcontainalloftheinformationthatyoushouldconsider, andyoushouldreadtheentireproxystatementcarefullybeforevoting. AnnualMeetingInformation Wednesday,March21,2018at 10:00a.m.(PacificTime) Doorsopenat8:00a.m.(PacificTime) MarionOliverMcCawHallattheSeattleCenter 321MercerStreet Seattle,WA98109 Voting: • Shareholdersasoftherecorddate,January11,2018,areentitledtovote. • Yourbrokerwillnotbeabletovoteyourshareswithrespecttoanyofthematterspresentedatthemeeting,otherthan theratificationoftheselectionofourindependentregisteredpublicaccountingfirm,unlessyougiveyourbrokerspecific votinginstructions. Attendingthe AnnualMeeting: • InPerson. Tobeadmitted,youwillberequiredtopresentagovernment-issuedphotoidentification(suchasadriver’slicense orpassport)andproofofshareownership.Moreinformationcanbefoundonthebackcoverofthisproxystatement. • ViaWebcast. Shareholdersmayviewandlistentoalivewebcastofthemeeting.Thewebcastwillstartat10:00a.m. (PacificTime).SeeourInvestorRelationswebsiteat http://investor.starbucks.com fordetails. • YoudonotneedtoattendtheAnnualMeetingofShareholderstovoteifyousubmittedyourproxyinadvanceofthemeeting. EvenifyouplantoattendourAnnualMeetinginperson,pleasecastyourvoteassoonaspossible.Makesuretohaveyourproxycard orvotinginstructionform(VIF)inhand: By Internet: go to www.proxyvote.com ; By toll-free telephone from theUnitedStates, U.S. territories andCanada: call 1-800-690-6903; Bymail (if you received a paper copy of the proxy materials bymail):mark, sign, date and promptly mail the enclosed proxy card in the postage-paid envelope; or Scan thisQR code to votewith yourmobile device. AnnualMeetingAgendaandVotingRecommendations Proposal BoardVoting Recommendation PageReference (formoredetail) Managementproposals Electionof12directors FOREACH DIRECTORNOMINEE 7 Advisoryresolutiontoapproveourexecutivecompensation FOR 23 RatificationofselectionofDeloitte&ToucheLLPasourindependentregisteredpublic accountingfirmforfiscal2018 FOR 47 Shareholderproposals ProxyAccessBylawAmendments AGAINST 49 ReportonSustainablePackaging AGAINST 51 ReportonPaidFamilyLeave AGAINST 53 DiversityReport AGAINST 55 ByInternet:gotowww.proxyvote.com;Bytoll-freetelephonefromtheUnitedStates,U.S.territoriesandCanada:call1-800-690-6903;Bymail(ifyoureceivedapapercopyoftheproxymaterialsbymail):mark,sign,dateandpromptlymailtheenclosedproxycardinthepostage-paidenvelope;orScanthisQRcodetovotewithyourmobiledevice. STARBUCKSCORPORATION 2018PROXYSTATEMENT / 1 SUPERIOR ENERGY SERVICES, INC. PROXYSUMMARY PROPOSAL1HIGHLIGHTS DirectorNominees Our Board is comprised of a strong team of current and former senior professionals with significant industry experience. Of our current eight directors, six are independent, including our Lead Director, with the other two being our current and former CEO. We believe this gives us the right blend of in-depth legacy and strategic knowledgeofourCompany,aswellasbroaderskillsandperspectivesonthewiderindustryandmarket. Name Age Director Since Principal Occupation Independent BoardCommittees HaroldJ.Bouillion 74 2006 ManagingDirector Bouillion&Associates,LLC. ✓ • Compensation • Audit(Chair) DavidD.Dunlap 56 2010 CEO&President X NotApplicable JamesM.Funk 68 2005 President J.M.Funk&Associates ✓ LeadDirector • Compensation • Nominatingand Corporate Governance TerenceE.Hall 72 1995 Founder&Chairmanof theBoard X NotApplicable PeterD.Kinnear 71 2011 FormerChairman,CEO& President FMCTechnologies,Inc. ✓ • Audit • Nominatingand Corporate Governance (Chair) JanieceM.Longoria 65 2015 Chairman PortofHoustonAuthority ✓ • Audit • Nominatingand Corporate Governance MichaelM.McShane 63 2012 Advisor AdventInternational ✓ • Compensation • Audit W.MattRalls 68 2012 FormerChairman,CEO& President RowanCompaniesplc ✓ • Compensation (Chair) • Nominating& Corporate Governance 2018 SPN Proxy Statement iii PROXYSUMMARY • Successfullycompleteda$500milliondebtofferingtorefinancedebtandextendmaturitiesto2024 • Successfully extended the maturity of our revolving credit facility to 2022 with a $300 million asset basedrevolvingcreditfacility • Reduced G&A by approximately 15% in 2017 with an overall G&A reduction of approximately 53% since2014 • Continued improvement in working capital by closely managing our days sales outstanding and days payableoutstandingprocesses By effectively managing our cash flow, liquidity and financial flexibility, we are optimistic that we will be able to capturegreaterreturnsforourstockholdersintheyearahead. MEETINGAGENDAANDVOTINGRECOMMENDATIONS Proposal BoardVote Recommendation Page 1 Electionofeightdirectornomineesnamedinthis proxystatement FOReachnominee 1 2 Non-bindingadvisoryvotetoapproveour namedexecutiveofficers’2017compensation FOR 21 3 RatificationoftheappointmentofKPMGLLPasour independentregisteredpublicaccountingfirmfor 2018 FOR 22 ii 2018 SPN Proxy Statement PROXY SUMMARY This proxy overview is a summary of information that you will find throughout this proxy statement. As this is only anoverview,weencourageyoureadtheentireproxystatement,whichwasfirstdistributedtoourstockholderson oraboutApril12,2018. 2018ANNUALMEETING OF STOCKHOLDERS TimeandDate: Tuesday,May22,2018,9:00a.m.(CentralDaylightTime) Place: 1001LouisianaStreet,Houston,Texas77002 RecordDate: April2,2018 Voting: StockholdersasoftherecorddatemayvoteonorbeforeMay22,2018by11:59p.m. CentralTimethroughoneofthefollowingoptions: Bycompleting,signingand datingthevotinginstructions intheenvelopeprovided Bytheinternetat www.voteproxy.com Bytelephoneat1-800- PROXIES(1-800-776-9437) intheU.S.or1-718-921-8500 outsidetheU.S. Inpersonbycompleting, signinganddatingaballot attheannualmeeting 2017HIGHLIGHTS ANDACCOMPLISHMENTS Although there were many aspects of the historic industry downturn that began in the fourth quarter of 2014 we could not control, we were determined to proactively focus on things that we could manage despite the poor marketconditions.Ourfocusedeffortsonsafety,quality,servicedeliveryandmanagingcostshavepositionedour businesses to grow as the market recovers. Driving our efforts is our goal to deliver returns for our long-term stockholders. This is accomplished by delivering reliable service and product solutions for our customers. Underlying all of our actions has been our unwavering commitment to manage our balance sheet, with an emphasisoncashflow,liquidityandfinancialflexibility. Oursuccessfulnavigationthroughthecontinualindustrydownturnin2015and2016allowedustobenefitfromthe improved conditions our domestic land businesses began to experience in the second half of 2017, despite the challenges we faced in our Gulf of Mexico and international businesses. The continued focus of our executive team and employees on generating cash and managing liquidity led to a successful year and helped us move another step closer to achieving sustainable profitability. The following highlights the progress we made in 2017, whichlaysthegroundworkforsustainableprofitability: • Finished2017withEBITDAof$179.9million,350%morethan2016EBITDA • Strong year-end liquidity of $445.3 million, including $172 million of cash, which supports our goal of maintainingastrongbalancesheet 2 0 1 8 S P N P r o x y S t a t e m e n t i