Summary by Moomoo AI
Costco Wholesale Corporation, known for its membership-only warehouse clubs, has filed a registration statement with the Securities and Exchange Commission (SEC) on January 19, 2024. The Form S-8 registration is for additional shares of common stock to be issued under the company's 2019 Incentive Plan. This move allows Costco to offer securities to its employees as part of the incentive plan, which is designed to motivate and retain talent by aligning their interests with those of the company and its shareholders. The registration statement incorporates by reference several of Costco's financial documents, including the annual report for the fiscal year ended September 3, 2023, and quarterly reports up to November 26, 2023. Costco, a large accelerated filer, has also outlined the indemnification provisions for its directors and officers, ensuring protection against liabilities that may arise in the course of their duties.