Summary
This 8-K filing from Costco Wholesale Corporation announces the upcoming departure of a long-serving Board member, John W. Meisenbach. Mr. Meisenbach, who has been on the Board for over 36 years, has decided not to seek re-election at the company's 2020 annual meeting, with his term expiring at that time. Importantly, this decision is stated to be voluntary and not a result of any disagreements with the company regarding its operations, policies, or practices.
Key Highlights
- 1John W. Meisenbach will not stand for re-election to the Board of Directors.
- 2Mr. Meisenbach's current term expires at the 2020 annual meeting.
- 3His departure is effective upon the commencement of the 2020 annual meeting.
- 4The decision is not due to any disagreement with Costco's operations, policies, or practices.
- 5Mr. Meisenbach has served on the Board for over 36 years.
- 6The Company expressed gratitude for his many years of dedicated service.
Frequently Asked Questions
John W. Meisenbach, a long-standing member of the Board of Directors for over 36 years, is stepping down and will not be standing for re-election.
His departure will be effective upon the commencement of Costco's 2020 annual meeting, at which time his current term expires.
No, the filing explicitly states that his decision is not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.
Mr. Meisenbach has served as a member of the Board of Directors for over thirty-six years.