Costco Wholesale Corporation Implements Fiscal 2025 Executive Bonus Plan

Costco Wholesale Corporation has announced its Fiscal 2025 Executive Bonus Plan in its recent 8-K filing with the Securities and Exchange Commission. The plan outlines the bonus structures for executive officers for the upcoming fiscal year.

Executive officers, excluding the Chief Executive Officer and the President, are eligible for a total bonus of up to $232,000 for fiscal year 2025. This amount includes components based on targets related to sales and pre-tax income, with the potential for payments up to 120% of the target amounts depending on the level of achievement. Additionally, up to $40,000 can be earned based on environmental and social objectives, including quantitative performance metrics and a discretionary assessment by the Chief Executive Officer.

The Chief Executive Officer is eligible for a bonus of up to $700,000 for fiscal year 2025. This amount includes bonuses tied to sales and pre-tax income targets, with similar potential bonus percentages based on performance levels. An additional $100,000 can be earned based on environmental and social objectives for achieving specific quantitative performance metrics.

The final bonus amounts for all executive officers are subject to approval by the Compensation Committee and the Nominating and Corporate Governance Committee, particularly for the environmental and social bonuses. To qualify for the bonuses, individuals must be employed by Costco Wholesale Corporation at the time the bonus checks are issued in November.

The base bonus targets mentioned in the plan are exclusive of foreign currency changes, emphasizing transparency and consistency in the bonus evaluation process.

The implementation of this bonus plan reflects Costco’s commitment to rewarding executive performance and aligning incentives with the company’s strategic objectives. Such initiatives aim to motivate executives to drive Costco’s continued growth and success in the market.

That concludes the details of the Fiscal 2025 Executive Bonus Plan outlined in the recent 8-K filing by Costco Wholesale Corporation.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Costco Wholesale’s 8K filing here.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.