secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0000745732-23-000045
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores CEO Barbara Rentler to serve as CEO through Jan 2026 under new succession plan
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- CEO succession plan: Barbara Rentler remains CEO through Jan 31, 2026, then Senior Advisor through Mar 31, 2027.
- New terms: salary at least $1.45M (CEO period) and $1.2M (advisor period); target bonuses 200% and 150% of salary.
- Severance provisions and acceleration of vesting for non-renewal are eliminated under the new agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000045/0000745732-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000045/rost-20230619.htm
  HTML page:      https://secwatch.observer/filing/0000745732-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer