secwatch.observer — SEC 8-K summary
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Issuer:     COSTCO WHOLESALE CORP /NEW (COST)
CIK:        0000909832
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0000909832-23-000047
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Costco CEO Craig Jelinek to step down Jan 1, 2024; Ron Vachris named successor
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- Craig Jelinek steps down as CEO effective Jan 1, 2024; remains on board and advisory role through April 2024.
- Ron Vachris, current President and COO, elected President and CEO effective Jan 1, 2024; he has over 40 years at Costco.
- Vachris to receive fiscal 2024 base salary of $1.15M and RSUs valued at $10.4M, with performance conditions set in November 2023.
- Board declares quarterly dividend of $1.02 per share, payable Nov 17, 2023 to holders of record Nov 3, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/909832/000090983223000047/0000909832-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/909832/000090983223000047/cost-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000909832-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer