Company: COST
Filing Date: 2025-06-11
Form Type: 8-K
Source: 0000909832-25-000036
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Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-11
Form: 8-K
Item: Item 5.02
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Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 10, 2025, the Company announced that on June 30 Dan Hines will retire as Senior Vice President, Corporate Controller, and Principal Accounting Officer. He will remain a Senior Vice President until his retirement in January 2026, following 35 years of service.

Tiffany Barbre, 51, has been appointed as Senior Vice President, Corporate Controller and Principal Accounting Officer, effective July 1, 2025. Ms. Barbre joined Costco in 2005 and was promoted to Assistant Vice President in June 2010. In 2016, she was promoted to her current role as Vice President, Assistant Corporate Controller. Ms. Barbre graduated from Washington State University with a B. A. in Accounting and began her career as an auditor with Arthur Andersen LLP.

In her new role Ms. Barbre will receive: (a) an annual base salary of $340,000; (b) eligibility for an annual cash incentive bonus of $100,000, in accordance with the Company's fiscal 2025 Executive Bonus Plan, prorated for two months of service; and (c) eligibility for annual restricted stock unit grants, with an estimated target value of $2 million for fiscal 2026.

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.

                            COSTCO WHOLESALE CORPORATION                                                               
  Dated: June 10, 2025      By:                               /s/ John Sullivan                                        
                                                              John Sullivan                                            
                                                              Executive Vice President, General Counsel and Secretary