Petco Announces Material Agreement & Officer Changes

Ticker: WOOF · Form: 8-K · Filed: 2024-05-14T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, executive-changes, governance

Related Tickers: WOOF

TL;DR

Petco signed a big deal and swapped some execs, filing shows.

AI Summary

Petco Health & Wellness Company, Inc. announced on May 13, 2024, a material definitive agreement and changes in its board and officer composition. The company also disclosed information related to compensatory arrangements for certain officers and provided financial statements and exhibits. This filing indicates significant corporate governance and potential strategic shifts for the company.

Why It Matters

This filing signals potential strategic realignments and changes in leadership at Petco, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Changes in material agreements and executive leadership can introduce uncertainty and potential shifts in company strategy.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Petco?

The filing indicates the entry into a material definitive agreement but does not specify its details in the provided text.

What specific changes occurred regarding directors or officers?

The filing notes the departure of directors or certain officers, election of directors, and appointment of certain officers, along with details on compensatory arrangements.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on May 13, 2024.

What is Petco's state of incorporation and fiscal year end?

Petco is incorporated in Delaware and its fiscal year ends on January 28.

What is the SEC file number and film number for this filing?

The SEC file number is 001-39878 and the film number is 24944339.

From the Filing

0001193125-24-138218.txt : 20240514 0001193125-24-138218.hdr.sgml : 20240514 20240514160804 ACCESSION NUMBER: 0001193125-24-138218 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240513 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240514 DATE AS OF CHANGE: 20240514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Petco Health & Wellness Company, Inc. CENTRAL INDEX KEY: 0001826470 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 811005932 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39878 FILM NUMBER: 24944339 BUSINESS ADDRESS: STREET 1: 10850 VIA FRONTERA CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 1-858-453-7845 MAIL ADDRESS: STREET 1: 10850 VIA FRONTERA CITY: SAN DIEGO STATE: CA ZIP: 92127 FORMER COMPANY: FORMER CONFORMED NAME: PET Acquisition LLC DATE OF NAME CHANGE: 20200929 FORMER COMPANY: FORMER CONFORMED NAME: Petco Acquisition LLC DATE OF NAME CHANGE: 20200929 8-K 1 d839959d8k.htm 8-K 8-K Petco Health & Wellness Company, Inc. false 0001826470 0001826470 2024-05-13 2024-05-13     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): May 13, 2024     Petco Health and Wellness Company, Inc. (Exact name of Registrant as Specified in Its Charter)       Delaware   001-39878   84-1005932 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 10850 Via Frontera San Diego , California 92127 (Address of Principal Executive Offices) (858) 453-7845 (Registrant’s Telephone Number, including Area Code) (Former Name or Former Address, if Changed Since Last Report)     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 Instructions 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(s)   Name of each exchange on which registered Class A common stock, par value $0.001 per share   WOOF   The Nasdaq Stock Market LLC 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. ☐       Item 1.01. Entry into a Material Definitive Agreement. On May 13, 2024, Petco Health and Wellness Company, Inc. (the “Company”), GSSB Corporation, an Ontario corporation of which Glenn Murphy is the sole s

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