Summary by Futu AI
On November 4, 2024, Costco Wholesale Corporation reported to the SEC the approval of the fiscal 2025 bonus criteria for executive officers by its Compensation Committee and the Nominating and Governance Committee. The approved plan includes bonuses for executive officers, excluding the CEO, of up to $232,000, with portions based on sales, pre-tax income, and environmental and social performance metrics. The CEO is eligible for a bonus of up to $700,000, with similar performance targets. The bonus plan allows for payments ranging from zero to 120% of the target based on achievement levels. The environmental and social component includes quantitative metrics and a discretionary assessment by the CEO. The Fiscal 2025 Executive Bonus Plan was attached as Exhibit 10.1 to the report filed with the SEC.