Costco: How I Voted

Costco Wholesale Company (COST) is one of the stocks in my portfolio. Their annual meeting is coming today. Voting on‘s platform has already ended; I procrastinated too long. However, I can still look at advice provided on their site before I vote. Oh, and congratulations to MoxyVote for signing up 100,000 users had recommendations from six “good causes,” which included two consolidations. had six fund families voting.

Costco’s SummaryCompensation Table shows that Jeffrey H. Brotman, the Chairman, was the highest paid named executive officer (NEO) at a little over $3.7 million. According to the United States Proxy Exchange (USPX) guidelines, the median CEO compensation for large-cap corporations was $9 million in 2010. At Costco the CEO was paid about $2.2 million. 

In checking with both and, most funds voted with management. I find no compelling reason to do otherwise.

Also of note: Proposals to be considered for inclusion in the Company’s 2013 proxy statement must be received by the Company no later than August 15, 2012. I think I’ll note that on my calendar, just in case I want to submit something.

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