AI English summary of an SEC filing — figures as filed
The company said its Compensation Committee approved the fiscal 2025 bonus criteria for executive officers on November 4, 2024, with executive officers other than the Chief Executive Officer eligible for bonuses of up to $232,000.
Key points
AI summaryThe company said its Compensation Committee approved the fiscal 2025 bonus criteria for executive officers on November 4, 2024, with executive officers other than the Chief Executive Officer eligible for bonuses of up to $232,000.
Costco said the bonus criteria for executive officers other than the CEO include sales targets of $80,000 and pre-tax income targets of $80,000, and that the payout for each target ranges from 0 to up to 120% of the target amount, depending on the level of achievement.
The company said executive officers other than the CEO can earn up to $40,000 for environmental and social objectives, consisting of $24,000 for quantitative performance metrics and up to $16,000 based on the CEO's discretionary assessment.
Costco said the Chief Executive Officer is eligible for a bonus of up to $700,000 for fiscal 2025, including sales targets of $250,000, pre-tax income targets of $250,000 and environmental and social quantitative metrics of $100,000.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Non-CEO Executive Bonus Cap for Fiscal 2025 at $232,000
The company said its Compensation Committee approved the fiscal 2025 bonus criteria for executive officers on November 4, 2024, with executive officers other than the Chief Executive Officer eligible for bonuses of up to $232,000.
Source · Based on the filing body and exhibits
Non-CEO Executive Bonuses: Up to $80,000 Each for Sales and Pre-Tax Income Targets
Costco said the bonus criteria for executive officers other than the CEO include sales targets of $80,000 and pre-tax income targets of $80,000, and that the payout for each target ranges from 0 to up to 120% of the target amount, depending on the level of achievement.
Source · Based on the filing body and exhibits
Non-CEO Executive ESG Target Bonus: Up to $40,000
The company said executive officers other than the CEO can earn up to $40,000 for environmental and social objectives, consisting of $24,000 for quantitative performance metrics and up to $16,000 based on the CEO's discretionary assessment.
Source · Based on the filing body and exhibits
CEO Fiscal 2025 Bonus Cap at $700,000
Costco said the Chief Executive Officer is eligible for a bonus of up to $700,000 for fiscal 2025, including sales targets of $250,000, pre-tax income targets of $250,000 and environmental and social quantitative metrics of $100,000.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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