Costco Wholesale Corp. Announces Board and Executive Compensation Changes
Ticker: COST · Form: 8-K · Filed: Nov 7, 2024 · CIK: 909832
| Field | Detail |
|---|---|
| Company | Costco Wholesale CORP /New (COST) |
| Form Type | 8-K |
| Filed Date | Nov 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $232,000, $80,000 b, $40,000, $24,000, $16,000 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: COST
TL;DR
Costco's board is shuffling, with a director leaving and a new one coming in. Executive pay details also updated.
AI Summary
Costco Wholesale Corporation announced on November 4, 2024, changes related to its board of directors and executive compensation. Specifically, the filing details the departure of a director, the election of a new director, and updates to compensatory arrangements for certain officers. The company is incorporated in Washington and its principal executive offices are located in Issaquah, WA.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, not significant financial events.
Key Players & Entities
- Costco Wholesale Corporation (company) — Registrant
- Washington (jurisdiction) — State of incorporation
- Issaquah, WA (location) — Principal executive offices
FAQ
What specific item information is reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on November 4, 2024.
What is Costco Wholesale Corporation's Standard Industrial Classification code?
Costco Wholesale Corporation's Standard Industrial Classification code is 5331, which corresponds to RETAIL-VARIETY STORES.
What is the business address of Costco Wholesale Corporation?
The business address of Costco Wholesale Corporation is 999 Lake Drive, Issaquah, WA 98027.
What were Costco's former company names?
Costco Wholesale Corporation was formerly known as Costco Companies Inc. and Price/Costco Inc.
Filing Stats: 650 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-11-07 16:40:57
Key Financial Figures
- $232,000 — r are eligible to receive bonuses up to $232,000. This amount includes $80,000 based on
- $80,000 b — es up to $232,000. This amount includes $80,000 based on targets relating to sales and $8
- $40,000 — evel of achievement. In addition, up to $40,000 can be earned relating to environmental
- $24,000 — to environmental and social objectives: $24,000 relating to achievement of quantitative
- $16,000 b — environmental-related areas); and up to $16,000 based on a discretionary assessment by th
- $700,000 — is eligible to receive a bonus of up to $700,000. This amount includes $250,000 based on
- $250,000 b — of up to $700,000. This amount includes $250,000 based on targets relating to sales and $2
- $100,000 — the level of achievement. In addition, $100,000 can be earned relating to environmental
Filing Documents
- cost-20241104.htm (8-K) — 24KB
- costex1018-k11424.htm (EX-10.1) — 3KB
- 0000909832-24-000054.txt ( ) — 149KB
- cost-20241104.xsd (EX-101.SCH) — 2KB
- cost-20241104_lab.xml (EX-101.LAB) — 21KB
- cost-20241104_pre.xml (EX-101.PRE) — 12KB
- cost-20241104_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1. Fiscal 2025 Executive Bonus Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. COSTCO WHOLESALE CORPORATION Dated: November 7, 2024 By: /s/ John Sullivan John Sullivan Executive Vice President, General Counsel and Secretary