secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000745732-23-000055
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores appoints Michael Balmuth as Executive Chairman; Orban steps down as Chair
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- Effective Sept 1, 2023, Michael Balmuth returns as Executive Chairman; George Orban remains a director.
- Balmuth receives salary ≥$1.4M/yr, 175% target bonus, retention bonus $4.7M payable Feb 2026.
- Balmuth granted RSU of $3.5M vesting Sept 2024; equity awards for FY2023-2025.
- K. Gunnar Bjorklund appointed Lead Independent Director.
- Balmuth's Executive Chairman term ends Jan 31, 2026; Senior Advisor through Mar 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000055/0000745732-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000055/rost-20230829.htm
  HTML page:      https://secwatch.observer/filing/0000745732-23-000055

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