COSTCO WHOLESALE CORPORATION (NASDAQ:COST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On October 30, 2017, the Compensation Committee (the “Committee”) of the Board of Directors approved the fiscal 2018 performance criteria for bonuses to executive officers. Under these criteria, executive officers are eligible to receive bonuses, up to $200,000 depending on the individual, based on the achievement of specified targets relating to pre-tax income and operational characteristics relevant to the executive’s area of responsibility. See Exhibit 10.1. The bonus amounts will be recommended by the Chief Executive Officer, subject to further approval of the Committee, based on the performance criteria referenced above.
Item 5.02. Other Events
The Board of Directors declared a quarterly cash dividend on the Company’s common stock.The dividend of 50 cents per share declared on October30, 2017, is payable December1, 2017, to shareholders of record at the close of business on November17, 2017.
Item 5.02. Financial Statements and Exhibits
(d) Exhibits. The following exhibits are included in this report:
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COSTCO WHOLESALE CORP /NEW ExhibitEX-10.1 2 d485001dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Costco Wholesale Corporation Executive Bonus Plan For fiscal year 2018,…To view the full exhibit click here
About COSTCO WHOLESALE CORPORATION (NASDAQ:COST)
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world. The Company’s average warehouse space is approximately 144,000 square feet. The Company’s warehouses on average operate on a seven-day, 70-hour week. The Company offers merchandise in various categories, which include foods (including dry foods, packaged foods and groceries); sundries (including snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli and bakery); softlines (including apparel and small appliances), and other (including gas stations and pharmacy).