COSTCO WHOLESALE CORP /NEW false 0000909832 0000909832 2022-01-20 2022-01-20

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): January 20, 2022

 

 

COSTCO WHOLESALE CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Washington   0-20355   91-1223280

(State or other jurisdiction

of incorporation)

 

(Commission

File No.)

 

(I.R.S. Employer

Identification No.)

999 Lake Drive

Issaquah, WA 98027

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: 425-313-8100

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $.01 per share   COST   NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 5.07.    Submission of Matters to a Vote of Security Holders

On January 20, 2022, Costco Wholesale Corporation (the “Company”) held its Annual Meeting of Shareholders. There were 443,434,322 shares of common stock entitled to be voted; 344,425,883 shares were voted in person or by proxy. Shareholders voted on the following matters:

 

1.

The election of each of the directors nominated by the Board of Directors to hold office until the 2023 Annual Meeting of Shareholders and until their successors are elected and qualified;

 

2.

The ratification of the selection of KPMG LLP as the Company’s independent auditors for fiscal year 2022;

 

3.

The approval, on an advisory basis, of the compensation of the Company’s executive officers for fiscal year 2021 as disclosed in the Company’s definitive proxy statement on Schedule 14A for the Annual Meeting filed with the Securities and Exchange Commission on December 10, 2021;

 

4.

A shareholder proposal regarding charitable giving reporting;

 

5.

A shareholder proposal regarding the adoption of GHG emissions reduction targets; and

 

6.

A shareholder proposal regarding report on racial justice and food equity.

All items except 4 and 6 were approved. The results of the votes are set forth below:

Election of Directors

 

Nominees

  

For

    

Against

    

Abstain

    

Broker Non-Votes

Susan L. Decker

     258,387,497        27,357,545        418,974      58,261,867

Kenneth D. Denman

     279,424,861        6,275,233        463,922      58,261,867

Richard A. Galanti

     262,118,618        23,189,011        856,387      58,261,867

Hamilton E. James

     268,725,647        16,894,467        543,902      58,261,867

W. Craig Jelinek

     281,852,335        3,854,158        457,523      58,261,867

Sally Jewell

     284,114,884        1,625,826        423,306      58,261,867

Charles T. Munger

     243,710,075        41,974,029        479,912      58,261,867

Jeffrey S. Raikes

     231,543,000        54,125,557        495,459      58,261,867

John W. Stanton

     281,849,915        3,822,586        491,515      58,261,867

Maggie Wilderotter

     224,658,142        60,999,558        506,316      58,261,867

Ratification of the Selection of Auditors:

 

For

 

Against

 

Abstain

336,032,085   7,829,768   564,030

Advisory Vote on Executive Compensation:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

272,585,623   12,617,670   960,723   58,261,867

Shareholder proposal regarding charitable giving reporting:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

9,012,629   275,313,891   1,837,496   58,261,867

Shareholder proposal regarding the adoption of GHG emissions reduction targets:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

190,706,448   81,938,063   13,519,505   58,261,867

Shareholder proposal regarding report on racial justice and food equity:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

47,223,921   225,319,348   13,620,747   58,261,867

 

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized, on January 25, 2022.

 

COSTCO WHOLESALE CORPORATION
By:  

/s/ John Sullivan

  John Sullivan
  Executive Vice President, General Counsel and Secretary

 

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