Costco declares $1.02 quarterly dividend and adopts updated bylaws on shareholder nominations

COSTCO WHOLESALE CORP /NEW

Quarterly dividend of $1.02 per share declared on August 9, 2023, payable September 8 to holders of record August 25.
Bylaws amended to require shareholder nominees to comply with SEC Rule 14a-19 and provide evidence at least 5 business days before meeting.
Proxy card color other than white reserved for board; number of nominees limited to board seats available.
Officer indemnification made mandatory to maximum extent permitted by law, matching director standard.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

COSTCO WHOLESALE CORP /NEW: Amended and restated Bylaws to implement requirements for shareholder nominations, require white proxy card for Board, limit number of nominees, require additional disclosures, and make officer indemnification mandatory (effective 2023-08-09).

Change: bylaw amendment
Effective: 2023-08-09

Exact text from the filing

The Board of Directors of Costco Wholesale Corporation amended and restated the Company’s Bylaws, effective August 9, 2023.

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COSTCO WHOLESALE CORP /NEW filing history →

Source: SEC EDGAR

accession 0000909832-23-000034

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