{"schema_version":"secwatch.filing_event.v1","accession":"0000909832-24-000008","form_type":"8-K","ticker":"COST","cik":"0000909832","company_name":"COSTCO WHOLESALE CORP /NEW","filed_at":"2024-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.245266+00:00","generated_at":"2026-06-06T05:05:57.672907+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Costco CFO Richard Galanti to retire March 15; Gary Millerchip named successor","bullets":["Galanti departs as CFO after ~40 years; remains EVP and Board member, advisory role through Jan 2025.","Millerchip, ex-Kroger CFO, appointed EVP/CFO effective March 15; base salary $900,000, plus bonus eligibility.","Millerchip receives $4M cash payment ($2M forgivable if employed March 2025, $1M if March 2026) and $7M RSU grant vesting over 3 years.","Millerchip also gets RSU grant target $2.8M in March 2024 and annual grants target $5.6M from Oct 2024, vesting over 5 years with performance conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000909832-24-000008","json":"https://secwatch.observer/filing/0000909832-24-000008.json","markdown":"https://secwatch.observer/filing/0000909832-24-000008.md","text":"https://secwatch.observer/filing/0000909832-24-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/909832/000090983224000008/0000909832-24-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/909832/000090983224000008/cost-20240205.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:05:57.672907+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d937f5353","claim":"Gary Millerchip was appointed as Chief Financial Officer at COSTCO WHOLESALE CORP /NEW.","evidence_excerpt":"The Board of Directors has appointed Gary Millerchip as an Executive Vice President, effective February 29, 2024, and Costco’s Chief Financial Officer to succeed Mr. Galanti, effective March 15, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/909832/000090983224000008/0000909832-24-000008-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"b00735b54d","claim":"Richard Galanti changed role as Chief Financial Officer at COSTCO WHOLESALE CORP /NEW.","evidence_excerpt":"On February 6, 2024, Costco announced that Richard Galanti will retire as Costco’s Chief Financial Officer, effective March 15, 2024, following nearly forty years of distinguished service to the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/909832/000090983224000008/0000909832-24-000008-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}