Costco Announces Executive and Board Changes

TL;DR

Costco's board and execs are shuffling. New directors elected, comp plans updated.

AI Summary

Costco Wholesale Corporation announced on January 30, 2025, changes in its executive team and board of directors. Key personnel changes include the election of new directors and the appointment of certain officers, alongside updates to executive compensation arrangements.

Why It Matters

Changes in executive leadership and board composition can signal shifts in company strategy, governance, and future performance.

Risk Assessment

Risk Level: low — The filing details routine corporate governance and executive compensation matters, which typically carry low immediate risk.

Key Players & Entities

• COSTCO WHOLESALE CORP /NEW (company) — Registrant
• January 30, 2025 (date) — Date of earliest event reported
• 999 Lake Drive Issaquah , WA 98027 (address) — Principal executive offices

FAQ

Filing Documents

• cost-20250130.htm (8-K) — 21KB
• 0000909832-25-000008.txt ( ) — 140KB
• cost-20250130.xsd (EX-101.SCH) — 2KB
• cost-20250130_lab.xml (EX-101.LAB) — 21KB
• cost-20250130_pre.xml (EX-101.PRE) — 12KB
• cost-20250130_htm.xml (XML) — 3KB

From the Filing

cost-20250130 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 30, 2025 COSTCO WHOLESALE CORPORATION (Exact name of registrant as specified in its charter) Washington 0-20355 91-1223280 (State or other jurisdiction of incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 999 Lake Drive Issaquah , WA 98027 (Address of principal executive offices and zip code) Registrant's telephone number, including area code: 425 - 313-8100 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $.005 per share COST NASDAQ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 30, 2025, Richard Galanti retired as Executive Vice President of the Company. As announced by the Company in the Form 8-K filed on February 9, 2024, Mr. Galanti retired as the Company's Chief Financial Officer effective March 15, 2024. Mr. Galanti also served as a member of the Company's Board of Directors until the 2025 Annual Meeting. 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: February 3, 2025 By: /s/ John Sullivan John Sullivan Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR