Costco Announces Executive and Board Changes

Ticker: COST · Form: 8-K · Filed: 2025-02-03T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-of-directors, compensation

Related Tickers: COST

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

FAQ

What specific items are being reported under the 8-K filing?

The filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers.

When was the earliest event reported in this filing?

The earliest event reported was on January 30, 2025.

What is Costco's principal executive office address?

Costco's principal executive offices are located at 999 Lake Drive, Issaquah, WA 98027.

What is Costco's IRS Employer Identification Number?

Costco's IRS Employer Identification Number is 91-1223280.

What is the SEC file number for Costco Wholesale Corporation?

The SEC file number for Costco Wholesale Corporation is 000-20355.

From the Filing

0000909832-25-000008.txt : 20250203 0000909832-25-000008.hdr.sgml : 20250203 20250203163301 ACCESSION NUMBER: 0000909832-25-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250130 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250203 DATE AS OF CHANGE: 20250203 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: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20355 FILM NUMBER: 25583027 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 1 cost-20250130.htm 8-K cost-20250130 FALSE COSTCO WHOLESALE CORP /NEW 0000909832 0000909832 2025-01-30 2025-01-30 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

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