Costco Files 8-K on Shareholder Votes and Other Events
Ticker: COST · Form: 8-K · Filed: Jan 27, 2025 · CIK: 909832
Sentiment: neutral
Topics: corporate-governance, disclosure
Related Tickers: COST
TL;DR
Costco filed an 8-K on Jan 27 for Jan 23 events, likely shareholder votes. Standard disclosure.
AI Summary
Costco Wholesale Corporation filed an 8-K on January 27, 2025, reporting on matters submitted to a vote of security holders and other events that occurred on January 23, 2025. The filing does not contain specific details about the votes or events, but it is a standard disclosure for significant corporate actions.
Why It Matters
This filing indicates that Costco held a vote of its security holders or experienced other significant corporate events that require public disclosure, providing transparency to investors.
Risk Assessment
Risk Level: low — This is a routine 8-K filing for corporate disclosures and does not appear to contain negative financial or operational news.
Key Players & Entities
- COSTCO WHOLESALE CORP /NEW (company) — Filer
- January 23, 2025 (date) — Earliest event date
- January 27, 2025 (date) — Filing date
- 999 Lake Drive Issaquah, WA 98027 (address) — Principal executive offices
FAQ
What specific matters were submitted to a vote of Costco's security holders?
The filing does not specify the exact matters submitted to a vote of security holders, only that such matters were reported on.
What were the 'Other Events' reported by Costco on January 23, 2025?
The filing does not provide details on the specific 'Other Events' that occurred on January 23, 2025.
When did Costco Wholesale Corporation file this 8-K report?
Costco Wholesale Corporation filed this 8-K report on January 27, 2025.
What is the principal executive office address for Costco Wholesale Corporation?
The principal executive office address for Costco Wholesale Corporation is 999 Lake Drive, Issaquah, WA 98027.
What is Costco's fiscal year end?
Costco's fiscal year end is August 31 (0831).
Filing Stats: 706 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2025-01-27 16:26:57
Key Financial Figures
- $1.16 — Company's common stock. The dividend of $1.16 per share declared on January 23, 2025,
Filing Documents
- cost-20250123.htm (8-K) — 43KB
- costex9918-k12325.htm (EX-99.1) — 6KB
- costco6.jpg (GRAPHIC) — 9KB
- 0000909832-25-000005.txt ( ) — 186KB
- cost-20250123.xsd (EX-101.SCH) — 2KB
- cost-20250123_lab.xml (EX-101.LAB) — 21KB
- cost-20250123_pre.xml (EX-101.PRE) — 12KB
- cost-20250123_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders On January 23, 2025, Costco Wholesale Corporation (the "Company") held its Annual Meeting of Shareholders. There were 443,960,469 shares of common stock entitled to be voted; 352,418,324 shares were voted in person or by proxy. Shareholders voted on the following matters: 1. The election of each of the directors nominated by the Board of Directors to hold office until the 2026 Annual Meeting of Shareholders and until their successors are elected and qualified; 2. The ratification of the selection of KPMG LLP as the Company's independent auditors for fiscal year 2025; 3. The approval, on an advisory basis, of the compensation of the Company's executive officers for fiscal year 2024 as disclosed in the Company's definitive proxy statement on Schedule 14A for the Annual Meeting, filed with the Securities and Exchange Commission on December 11, 2024; and 4. A shareholder proposal requesting report on the risks of maintaining DEI efforts. All items except item 4 were approved. The results of the votes are set forth below: Election of Directors Nominees For Against Abstain Broker Non-Votes Susan L. Decker 274,157,896 15,586,916 472,590 62,200,922 Kenneth D. Denman 286,161,241 3,540,494 515,667 62,200,922 Helena B. Foulkes 284,260,541 5,465,299 491,562 62,200,922 Hamilton E. James 275,082,997 14,385,175 749,230 62,200,922 Sally Jewell 286,097,223 3,261,276 858,903 62,200,922 Jeffrey S. Raikes 269,901,670 19,805,255 510,477 62,200,922 John W. Stanton 285,382,381 4,313,994 521,027 62,200,922 Ron M. Vachris 287,669,495 1,937,922 609,985 62,200,922 Maggie Wilderotter 274,093,600 15,417,155 706,647 62,200,922 Ratification of the Selection of Auditors: For Against Abstain 337,431,489 14,385,412 601,423 Advisory Vote on Executive Compensation: For Against Abstain Broker Non-Votes 273,942,963 15,312,907 961,532 62,200,922 Shareholder proposal requesting report on the risks of maintaining D
01. Other Events
Item 8.01. Other Events The Board of Directors declared a quarterly cash dividend on the Company's common stock. The dividend of $1.16 per share declared on January 23, 2025, is payable February 21, 2025, to shareholders of record at the close of business on February 7, 2025.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. 99.1. Press Release dated January 23, 2025. 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: January 27, 2025 By: /s/ John Sullivan John Sullivan Executive Vice President, General Counsel and Corporate Secretary