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

Extracted from this filing and checked against the source text.

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.

View on SEC.gov

Browse all governance changes →

COSTCO WHOLESALE CORP /NEW filing history →

Source: SEC EDGAR

accession 0000909832-23-000034

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.