Costco Wholesale Corporation
Costco Announces Fiscal 2025 Executive Bonus Criteria
Summary
On November 4, 2024, Costco Wholesale Corporation's Board of Directors approved the fiscal 2025 criteria for executive bonuses. The Compensation Committee and Nominating and Governance Committee set bonus targets for executive officers, with potential payments based on sales, pre-tax income, and environmental and social performance metrics. For fiscal 2025, executive officers excluding the CEO can earn bonuses up to $232,000, and the CEO can earn up to $700,000. The fiscal 2025 Executive Bonus Plan is attached as Exhibit 10.1.
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Exhibits (1)
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About Costco Wholesale Corporation
Costco Wholesale Corporation operates as a membership-only warehouse club, providing a wide selection of merchandise across various categories internationally. As a leading player in the retail sector, Costco emphasizes bulk buying and low prices, offering products ranging from groceries and household items to electronics and apparel. The company is renowned for its efficient operations and minimalistic warehouse design, which contribute to a unique shopping experience aimed at delivering maximum value to its members. Costco serves individual and business members, with operations extending U.S. domestic markets and international regions including Canada, Mexico, and selected Asian countries. With its private label Kirkland Signature, Costco ensures quality products at competitive prices, further strengthening customer loyalty. The company also incorporates ancillary services including gas stations, pharmacies, and optical centers, enhancing its role in consumer lifestyles. Costco's business model focuses on volume sales and membership loyalty, providing resilience against market fluctuations and reinforcing its position as a key influencer in the global retail landscape.
Official SEC Documents
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