8-KShareholder MattersOther Events

COSTCO WHOLESALE CORP /NEW 8-K Report, Shareholder Vote Results (Jan 27, 2025)

Filed January 27, 2025For Securities:COST

Summary

Costco Wholesale Corporation (COST) filed an 8-K report detailing the outcomes of its Annual Meeting of Shareholders held on January 23, 2025. The meeting saw overwhelming shareholder approval for the re-election of all nominated directors and the ratification of KPMG LLP as the independent auditor for fiscal year 2025. Additionally, the advisory vote on executive compensation for fiscal year 2024 also received strong shareholder backing. Notably, a shareholder proposal requesting a report on the risks associated with maintaining Diversity, Equity, and Inclusion (DEI) efforts was not approved. The Board of Directors also declared a quarterly cash dividend of $1.16 per share, payable on February 21, 2025, to shareholders of record on February 7, 2025. These events affirm strong board and auditor confidence, alongside continued shareholder support for executive compensation practices, while indicating a preference against further reports on DEI risk.

Key Highlights

  • 1All nominated directors were overwhelmingly re-elected to serve until the 2026 Annual Meeting of Shareholders.
  • 2KPMG LLP was ratified as Costco's independent auditor for fiscal year 2025 with strong shareholder support.
  • 3Shareholders approved, on an advisory basis, the compensation of executive officers for fiscal year 2024.
  • 4A shareholder proposal requesting a report on the risks of maintaining DEI efforts was not approved by shareholders.
  • 5The Board of Directors declared a quarterly cash dividend of $1.16 per share.
  • 6The dividend will be payable on February 21, 2025, to shareholders of record on February 7, 2025.

Frequently Asked Questions

The Annual Meeting of Shareholders resulted in the re-election of all nominated directors, the ratification of KPMG LLP as the independent auditor for fiscal year 2025, and advisory approval of executive compensation for fiscal year 2024. A shareholder proposal regarding DEI efforts was not approved.

Costco declared a quarterly cash dividend of $1.16 per share. This dividend is payable on February 21, 2025, to shareholders who are of record at the close of business on February 7, 2025.

Yes, a shareholder proposal requesting a report on the risks associated with maintaining Diversity, Equity, and Inclusion (DEI) efforts was not approved by the shareholders.

Shareholders strongly ratified the selection of KPMG LLP as the Company's independent auditor for fiscal year 2025, with a significant majority voting in favor.