COSTCO WHOLESALE CORPORATION (NASDAQ:COST) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07(d) of Form 8-K, the Companys decision as to how
frequently the Company will conduct future shareholder advisory
votes regarding named executive compensation. Except as set forth
herein, no other modifications have been made to the Original
8-K.
| Item5.07 |
Submission of Matters to a Vote of Security Holders |
(d) At the Annual Meeting, the Companys shareholders voted on,
among other matters, an advisory proposal concerning the
frequency of future advisory votes on executive compensation. As
reported in the Original 8-K, the advisory vote was in favor of
annual frequency. In light of the Companys prior practice of
annual advisory votes on executive compensation and the vote of
the shareholders, the Company intends to continue the practice of
holding the votes annually.
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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).