secwatch.observer — SEC 8-K summary
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Issuer:     COSTCO WHOLESALE CORP /NEW (COST)
CIK:        0000909832
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000909832-24-000054
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Costco sets FY2025 executive bonus: CEO up to $700K, other execs up to $232K
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- CEO bonus of $700K includes $250K sales target, $250K pre-tax income target (0-120% payout), and $100K ESG metrics.
- Other execs (excl. CEO and President) eligible for $232K: $80K sales, $80K pre-tax income, $40K ESG (quantitative & discretionary).
- Quantitative ESG metrics cover diversity, resource consumption, and emissions; discretionary ESG assessed by CEO.
- Bonus payments require employment through November 2025 payout date and approval by Compensation and Governance Committees.
- Base bonus targets are exclusive of foreign currency changes; final amounts subject to committee approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/909832/000090983224000054/0000909832-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/909832/000090983224000054/cost-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000909832-24-000054

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