ROSS STORES 8-K: Executive Changes & Compensation Reported

TL;DR

**ROSS STORES just filed an 8-K about executive changes and pay, keep an eye on leadership shifts.**

AI Summary

ROSS STORES, INC. filed an 8-K on January 31, 2024, reporting an event that occurred on January 30, 2024, related to the departure or election of directors/officers and their compensation. This filing indicates potential changes in leadership or executive compensation structures at the company. For investors, this matters because changes in executive leadership or compensation can signal shifts in company strategy, financial health, or governance, which could impact future stock performance.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or financial health, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — Changes in executive leadership can introduce uncertainty regarding future company strategy and performance, posing a medium risk to investors.

Analyst Insight

A smart investor would monitor ROSS STORES, INC.'s subsequent announcements for specifics on the executive changes and compensation details to understand potential strategic shifts or impacts on company performance before making investment decisions.

Key Numbers

• January 30, 2024 — Date of Earliest Event Reported (Indicates when the reported changes in officers or compensation took place.)
• 0-14678 — Commission File No. (Unique identifier for ROSS STORES, INC. with the SEC.)
• $.01 — Par Value per Share (The nominal value of ROSS STORES' common stock.)

Key Players & Entities

• ROSS STORES, INC. (company) — the registrant filing the 8-K
• January 30, 2024 (date) — date of the earliest event reported
• January 31, 2024 (date) — date the 8-K was filed
• Delaware (company) — state of incorporation for ROSS STORES, INC.
• 0-14678 (dollar_amount) — Commission File No.
• 94-1390387 (dollar_amount) — I.R.S. Employer Identification No.
• 5130 Hacienda Drive, Dublin, California 94568 (company) — address of principal executive offices
• (925) 965-4400 (dollar_amount) — registrant's telephone number
• Common stock, par value $.01 (company) — title of class of securities registered
• ROST (company) — trading symbol for ROSS STORES, INC.

Forward-Looking Statements

• ROSS STORES, INC. will provide more detailed information about the specific executive changes and compensatory arrangements in a subsequent filing or press release. (ROSS STORES, INC.) — high confidence, target: Q1 2024
• The reported changes could lead to a minor, short-term fluctuation in ROST's stock price as investors digest the news. (ROST) — medium confidence, target: February 2024

FAQ

From the Filing

0000745732-24-000003.txt : 20240131 0000745732-24-000003.hdr.sgml : 20240131 20240131161629 ACCESSION NUMBER: 0000745732-24-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240130 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROSS STORES, INC. CENTRAL INDEX KEY: 0000745732 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 941390387 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14678 FILM NUMBER: 24583109 BUSINESS ADDRESS: STREET 1: 5130 HACIENDA DRIVE CITY: DUBLIN STATE: CA ZIP: 94568 BUSINESS PHONE: 9259654400 MAIL ADDRESS: STREET 1: 5130 HACIENDA DRIVE CITY: DUBLIN STATE: CA ZIP: 94568 FORMER COMPANY: FORMER CONFORMED NAME: ROSS STORES INC DATE OF NAME CHANGE: 19920703 8-K 1 rost-20240130.htm 8-K rost-20240130 FALSE 0000745732 0000745732 2024-01-30 2024-01-30 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form  8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (date of earliest event reported): January 30, 2024 ROSS STORES, INC. (Exact name of registrant as specified in its charter) Delaware 0-14678 94-1390387 (State or other jurisdiction of incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 5130 Hacienda Drive , Dublin , California 94568 (Address of principal executive offices) Registrant’s telephone number, including area code: ( 925 ) 965-4400 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol Name of each exchange on which registered Common stock, par value $.01 ROST Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 1 Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (c) On January 30, 2024, Ross Stores, Inc. (the “Company”) and Karen Fleming agreed on her promotion to the position of President, Chief Merchandising Officer – dd’s DISCOUNTS, with an expected start date in her new position of April 1, 2024, when she will succeed Brian Morrow, who has served in that role since he joined the organization in 2015. As previously announced, Mr. Morrow will transition to a consultant role effective April 1, 2024. In her new position, Ms. Fleming will report directly to Barbara Rentler, the Company’s Chief Executive Officer. Ms. Fleming, age 57, has most recently been serving as Group Executive Vice President, Merchandising