secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2022-07-14T23:59:59+00:00
Accession:  0000745732-22-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores extends President/CMO Brian Morrow's term to 2026 with transition to consultant role
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- Morrow remains President/CMO - dd's through March 31, 2024, then transitions to Consultant through March 31, 2026.
- Base salary at least $1,038,500 plus target bonus of 100% of salary as President/CMO; receives $1.5M restricted stock award.
- As Consultant, salary is 50% of final salary, target bonus 100% of reduced salary, and continues vesting in equity awards.
- If employed through March 2026 or terminated without cause, Morrow and spouse receive 8 years of medical/dental/vision coverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000042/0000745732-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000042/rost-20220711.htm
  HTML page:      https://secwatch.observer/filing/0000745732-22-000042

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