Ross Stores Files 8-K: Board Changes & Compensation Updates
Ticker: ROST · Form: 8-K · Filed: Oct 28, 2024 · CIK: 745732
| Field | Detail |
|---|---|
| Company | Ross Stores, Inc. (ROST) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $1,450,000, $8,000,000, $7,625,000, $32,200,000, $800,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing
Related Tickers: ROST
TL;DR
Ross Stores (ROST) filed an 8-K on 10/28/24 covering board changes and executive pay.
AI Summary
On October 28, 2024, Ross Stores, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing also includes financial statements and exhibits, indicating ongoing corporate governance and financial reporting activities for the company.
Why It Matters
This filing provides insight into the corporate governance and executive compensation structure of Ross Stores, Inc., which can influence investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain any immediate negative financial or operational news.
Key Players & Entities
- ROSS STORES, INC. (company) — Registrant
- October 28, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 5130 Hacienda Drive, Dublin, California 94568 (address) — Principal executive offices
- (925) 965-4400 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to the board of directors or executive officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers' under Item Information, but the specific details are not provided in this excerpt.
What is the primary purpose of this 8-K filing?
The primary purpose is to report current information about significant corporate events, including changes in directors/officers, and to provide financial statements and exhibits.
When was this report filed?
The report was filed on October 28, 2024.
What is Ross Stores, Inc.'s state of incorporation?
Ross Stores, Inc. is incorporated in Delaware.
What are the principal executive offices of Ross Stores, Inc.?
The principal executive offices are located at 5130 Hacienda Drive, Dublin, California 94568.
Filing Stats: 1,422 words · 6 min read · ~5 pages · Grade level 11 · Accepted 2024-10-28 16:05:58
Key Financial Figures
- $1,450,000 — nd to receive a salary of not less than $1,450,000 per year and an annual incentive bonus
- $8,000,000 — is start date, with a notional value of $8,000,000, to vest 25% on September 8, 2028 (or 5
- $7,625,000 — roy will receive (i) a sign-on bonus of $7,625,000, subject to a 1-year payback requiremen
- $32,200,000 — his start day, with a notional value of $32,200,000, vesting 40% on September 12, 2025; 40%
- $800,000 — also receive (i) a relocation bonus of $800,000, of which $300,000 is payable on his st
- $300,000 — relocation bonus of $800,000, of which $300,000 is payable on his start date and $500,0
- $500,000 — 00,000 is payable on his start date and $500,000 is payable upon purchase of a residence
Filing Documents
- rost-20241028.htm (8-K) — 32KB
- conroy-991.htm (EX-99.1) — 13KB
- form8k41119image1.jpg (GRAPHIC) — 19KB
- 0000745732-24-000052.txt ( ) — 197KB
- rost-20241028.xsd (EX-101.SCH) — 2KB
- rost-20241028_lab.xml (EX-101.LAB) — 21KB
- rost-20241028_pre.xml (EX-101.PRE) — 12KB
- rost-20241028_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On October 28, 2024, the Company issued a press release regarding the appointment of Mr. Conroy, initially as Chief Executive Officer – Elect, and (effective at the start of the next fiscal year) as Chief Executive Officer. The full text of the Company's press release is attached hereto as Exhibit 99.1. The information furnished with this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 October 28, 2024 Press Release by Ross Stores, Inc. 104 Cover Page Interactive Data File. (The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.)
SIGNATURES
SIGNATURES 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. Date: October 28, 2024 ROSS STORES, INC. Registrant By: /s/Ken Jew Ken Jew Group Senior Vice President, General Counsel and Corporate Secretary 3