09:38 AM EST, 03/05/2024 (MT Newswires) -- Starbucks ( SBUX ) shareholder Strategic Organizing Center, or SOC, said Tuesday it is withdrawing its three nominations to the Starbucks ( SBUX ) board, to allow the company to focus on enhancing its relationship with its workers and value for shareholders.

The SOC, a coalition of labor groups, noted the agreement between the company and the Workers United union last Tuesday "represents meaningful progress that will benefit all stakeholders."

Starbucks ( SBUX ) didn't immediately respond to a request for comment from MT Newswires.

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