cost-20230809

Washington

0-20355

91-1223280

(State or other jurisdiction
of incorporation)

(Commission
File No.)

(I.R.S. Employer
Identification No.)

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))

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $.005 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).

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. ☐

The Board of Directors of Costco Wholesale Corporation amended and restated the Company’s Bylaws, effective August 9, 2023. The amendments:

•implement requirements in connection with shareholder notices of nominations or other business to:

◦require any shareholder giving notice of a nomination to include a representation as to whether the shareholder intends to solicit proxies in accordance Rule 14a-19 under the Securities Exchange Act of 1934, as amended, and to provide reasonable evidence of compliance with Rule 14a-19 no later than 5 business days prior to the applicable meeting, and clarify that votes for any nominee who does not comply with the requirements of Rule 14a-19 will be disregarded (Article 2, Section 2.1(d) and (f));

◦require that any shareholder directly or indirectly soliciting proxies from other shareholders use a proxy card color other than white, which is reserved for the exclusive use of the Board of Directors (Article 2, Section 2.1(e));

◦clarify that shareholders may not nominate a greater number of nominees than there are directors subject to election at the relevant meeting (Article 2, Section 2.1(e)); and

◦require additional background information and disclosures regarding proposing shareholders and proposed nominees and business (Article 2, Section 2.1(d)).

•make indemnification of officers required to the maximum extent permitted by law, the same standard applicable to indemnification for directors (Article 10).

The foregoing description of the amendments is not complete and is qualified in its entirety by reference to the text of the Bylaws, as amended, a copy of which is filed as Exhibit 3.2 to this Current Report on Form 8-K.

The Board of Directors declared a quarterly cash dividend on the Company's common stock. The dividend of $1.02 per share declared on August 9, 2023, is payable September 8, 2023, to shareholders of record at the close of business on August 25, 2023.

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.


	COSTCO WHOLESALE CORPORATION

Dated: August 9, 2023	By:	/s/ Richard A. Galanti
		Richard A. Galanti
		Executive Vice President, Chief Financial Officer and Director