Chewy Announces Board and Executive Changes

Ticker: CHWY · Form: 8-K · Filed: 2024-08-09T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-changes, governance

Related Tickers: CHWY

TL;DR

Chewy's board and exec comp got a shake-up. New faces, new pay plans.

AI Summary

Chewy, Inc. announced on August 5, 2024, changes in its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific details regarding the individuals involved and the exact nature of the compensation changes are outlined within the report.

Why It Matters

Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can indicate underlying issues or strategic shifts that may affect the company's future performance and stock price.

Key Numbers

Key Players & Entities

FAQ

What specific roles have seen departures of officers or directors?

The filing indicates departures of certain officers and directors, with specific details to be found within the full report.

Who are the newly elected directors?

The report details the election of new directors, the names of whom are specified in the full filing.

What are the key changes in compensatory arrangements for officers?

The filing addresses updates to compensatory arrangements for certain officers, with the specifics outlined in the document.

What is the effective date of these reported changes?

The earliest event reported is dated August 5, 2024.

Under which sections of the 1934 Securities Exchange Act is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

From the Filing

0001766502-24-000036.txt : 20240809 0001766502-24-000036.hdr.sgml : 20240809 20240809160858 ACCESSION NUMBER: 0001766502-24-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240805 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240809 DATE AS OF CHANGE: 20240809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Chewy, Inc. CENTRAL INDEX KEY: 0001766502 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 901020167 FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38936 FILM NUMBER: 241192804 BUSINESS ADDRESS: STREET 1: 7700 WEST SUNRISE BOULEVARD CITY: PLANTATION STATE: FL ZIP: 33322 BUSINESS PHONE: 786-320-7111 MAIL ADDRESS: STREET 1: 7700 WEST SUNRISE BOULEVARD CITY: PLANTATION STATE: FL ZIP: 33322 8-K 1 chwy-20240805.htm 8-K chwy-20240805 FALSE 0001766502 0001766502 2024-08-05 2024-08-05 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): August 5, 2024     CHEWY, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 001-38936 90-1020167 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 7700 West Sunrise Boulevard Plantation , Florida   33322 (Address of Principal Executive Offices)   (Zip Code) ( 786 ) 320-7111 (Registrant’s Telephone Number, Including Area Code) N/A (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:   ☐ 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 $0.01 per share   CHWY   New York Stock Exchange 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Chief Accounting Officer and Removal of Interim Chief Accounting Officer On August 5, 2024, the Board of Directors (the “Board”) of Chewy, Inc. (the “Company”) approved the appointment of William Billings as the Company’s Chief Accounting Officer (the “CAO”) and principal accounting officer (the “PAO”), effective as of the date that Mr. Billings commences employment with the Company, which is expected to be on August 12, 2024 (the “CAO Employment Date”). In connection with Mr. Billings’ appointment, on August 5

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