Costco DEF 14A: Executive Pay & Governance Details
Ticker: COST · Form: DEF 14A · Filed: 2024-12-11T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
Related Tickers: COST
TL;DR
Costco's 2024 DEF 14A is out, detailing exec pay for Jelinek & Vachris over the last few years. Governance stuff inside.
AI Summary
Costco Wholesale Corp filed its DEF 14A on December 11, 2024, for the fiscal year ending September 1, 2024. The filing details executive compensation and corporate governance matters. Key individuals mentioned include W. Craig Jelinek and Ron M. Vachris, both members of the board. The filing covers compensation data for the fiscal years 2020 through 2024.
Why It Matters
This filing provides transparency into how Costco compensates its top executives and outlines the company's governance practices, which can influence investor decisions.
Risk Assessment
Risk Level: low — DEF 14A filings are routine disclosures and do not typically present new risks to the company or investors.
Key Numbers
- 20240901 — Fiscal Year End (Reporting period for the DEF 14A filing.)
- 20241211 — Filing Date (Date the DEF 14A was officially submitted to the SEC.)
Key Players & Entities
- COSTCO WHOLESALE CORP /NEW (company) — Filer
- W.CraigJelinek (person) — Board Member
- RonM.Vachris (person) — Board Member
- 999 LAKE DRIVE (address) — Business and Mailing Address
- ISSAQUAH (location) — City
- WA (location) — State
- 98027 (zip_code) — Zip Code
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose of this DEF 14A filing is to provide information to shareholders regarding the solicitation of proxies for the company's annual meeting, including details on executive compensation, director nominations, and other corporate governance matters.
Who are the key individuals mentioned in relation to executive compensation or board membership?
Key individuals mentioned include W. Craig Jelinek and Ron M. Vachris, both identified as members of the board.
For which fiscal years does this filing provide compensation data?
This filing provides compensation data for the fiscal years 2020 through 2024.
What is Costco's Standard Industrial Classification (SIC) code?
Costco's Standard Industrial Classification (SIC) code is 5331, which corresponds to RETAIL-VARIETY STORES.
What is the company's state of incorporation?
The company's state of incorporation is Washington (WA).
From the Filing
0000909832-24-000072.txt : 20241211 0000909832-24-000072.hdr.sgml : 20241211 20241211162646 ACCESSION NUMBER: 0000909832-24-000072 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20240901 FILED AS OF DATE: 20241211 DATE AS OF CHANGE: 20241211 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: 0901 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20355 FILM NUMBER: 241541841 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 DEF 14A 1 cost-20241209.htm DEF 14A cost-20241209 DEF 14A FALSE COSTCO WHOLESALE CORP /NEW 0000909832 iso4217:USD 0000909832 2023-09-04 2024-09-01 0000909832 cost:W.CraigJelinekMember 2023-09-04 2024-09-01 0000909832 2022-08-29 2023-09-03 0000909832 2021-08-30 2022-08-28 0000909832 2020-08-31 2021-08-29 0000909832 cost:RonM.VachrisMember 2023-09-04 2024-09-01 0000909832 cost:W.CraigJelinekMember 2022-08-29 2023-09-03 0000909832 cost:W.CraigJelinekMember 2021-08-30 2022-08-28 0000909832 cost:W.CraigJelinekMember 2020-08-31 2021-08-29 0000909832 cost:DeductAmountsReportedUnderStockawardsColumnInTheSummaryCompensationTableMember ecd:PeoMember 2023-09-04 2024-09-01 0000909832 cost:DeductAmountsReportedUnderStockawardsColumnInTheSummaryCompensationTableMember cost:W.CraigJelinekMember 2023-09-04 2024-09-01 0000909832 cost:DeductAmountsReportedUnderStockawardsColumnInTheSummaryCompensationTableMember ecd:NonPeoNeoMember 2023-09-04 2024-09-01 0000909832 cost:AddFairValueAtVestingDateOfStockAwardsGrantedAndVestedInTheCurrentFiscalYearMember cost:W.CraigJelinekMember 2023-09-04 2024-09-01 0000909832 cost:AddFairValueAtFiscalYearEndOfOustandingAndUnvestedStockAwardsGrantedInTheCurrentFiscalYearMember ecd:PeoMember 2023-09-04 2024-09-01 0000909832 cost:AddFairValueAtFiscalYearEndOfOustandingAndUnvestedStockAwardsGrantedInTheCurrentFiscalYearMember ecd:NonPeoNeoMember 2023-09-04 2024-09-01 0000909832 cost:AddchangeInFairValueAsOfVestingDateFromTheEndOfThePriorFiscalYearForStockAwardsGrantedInAnyPriorFiscalYearForWhichVestingConditionsWereSatisfiedDuringTheFiscalYearMember ecd:PeoMember 2023-09-04 2024-09-01 0000909832 cost:AddchangeInFairValueAsOfVestingDateFromTheEndOfThePriorFiscalYearForStockAwardsGrantedInAnyPriorFiscalYearForWhichVestingConditionsWereSatisfiedDuringTheFiscalYearMember cost:W.CraigJelinekMember 2023-09-04 2024-09-01 0000909832 cost:AddchangeInFairValueAsOfVestingDateFromTheEndOfThePriorFiscalYearForStockAwardsGrantedInAnyPriorFiscalYearForWhichVestingConditionsWereSatisfiedDuringTheFiscalYearMember ecd:NonPeoNeoMember 2023-09-04 2024-09-01 0000909832 1 2023-09-04 2024-09-01 0000909832 2 2023-09-04 2024-09-01 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) _____________________________ Filed by the Registrant     ☒     Filed by a party other than the Registrant     ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as Permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material under §240.14a-12 Costco Wholesale Corporation (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the