Costco Amends 8-K on Executive Changes, Compensation

TL;DR

**Costco just updated an old filing about executive changes and pay.**

AI Summary

Costco Wholesale Corporation filed an 8-K/A on January 22, 2024, amending a previous report from August 16, 2023. This amendment specifically relates to Item 5.02, which covers changes in directors or officers and their compensation. While the filing doesn't detail the specific changes, it signals that there were updates to executive leadership or their pay arrangements around August 16, 2023. This matters to investors because changes in executive leadership or compensation can impact a company's strategic direction, operational efficiency, and overall financial health, potentially affecting stock performance.

Why It Matters

Changes in executive leadership or their compensation can signal shifts in company strategy or performance, directly impacting investor confidence and the stock's future trajectory.

Risk Assessment

Risk Level: low — This 8-K/A is an amendment to a past event, not a new, significant, or unexpected corporate action, making its direct risk impact low.

Analyst Insight

A smart investor would note this amendment but understand it's likely a procedural update to a past event. They would look for the original 8-K from August 16, 2023, to understand the specific executive changes or compensation details, if not already aware, rather than reacting to this amendment alone.

Key Players & Entities

• COSTCO WHOLESALE CORP /NEW (company) — the registrant filing the 8-K/A
• August 16, 2023 (date) — the date of the earliest event reported in the original 8-K
• January 22, 2024 (date) — the filing date of the 8-K/A
• Item 5.02 (other) — the specific item of the 8-K being amended, related to executive changes and compensation
• 000-20355 (other) — Costco's SEC file number

FAQ

From the Filing

0000909832-24-000005.txt : 20240122 0000909832-24-000005.hdr.sgml : 20240122 20240122171415 ACCESSION NUMBER: 0000909832-24-000005 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20230816 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240122 DATE AS OF CHANGE: 20240122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COSTCO WHOLESALE CORP /NEW CENTRAL INDEX KEY: 0000909832 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 911223280 STATE OF INCORPORATION: WA FISCAL YEAR END: 0903 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20355 FILM NUMBER: 24549804 BUSINESS ADDRESS: STREET 1: 999 LAKE DRIVE CITY: ISSAQUAH STATE: WA ZIP: 98027- BUSINESS PHONE: 4253138100 MAIL ADDRESS: STREET 1: 999 LAKE DRIVE CITY: ISSAQUAH STATE: WA ZIP: 98027 FORMER COMPANY: FORMER CONFORMED NAME: COSTCO COMPANIES INC DATE OF NAME CHANGE: 19970401 FORMER COMPANY: FORMER CONFORMED NAME: PRICE/COSTCO INC DATE OF NAME CHANGE: 19930728 8-K/A 1 cost-20230816.htm 8-K/A cost-20230816 FALSE COSTCO WHOLESALE CORP /NEW 0000909832 0000909832 2023-08-16 2023-08-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 16, 2023 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. (d) The Company is filing this Amendment to its Current Report on Form 8-K filed on August 17, 2023, which reported that the Board of Directors elected Helena Buonanno Foulkes as a director effective August 16, 2023. At the time of her election, she was not appointed to serve as a member of any committees of the Board. On January 18, 2024, the Board appointed Ms. Foulkes to the Audit Committee and the Nominating and Governance Committee. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report