secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0000745732-23-000064
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores names Stephen Brinkley as President, Operations, effective Oct 30, 2023
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- Brinkley will report to Group President & COO Michael Hartshorn; responsibilities include Property Development, Stores, Supply Chain.
- Annual salary of at least $1,050,000; target bonus 100% of salary; initial RSU award with notional value of $6M vesting over 4 years.
- Sign-on bonus of $1,350,000 and $1,000,000 hiring bonus to offset forfeited equity; relocation bonus of $1,500,000 and $20K/month housing allowance for 12 months.
- Employment term through March 31, 2027 with standard severance/change-in-control provisions.
- Brinkley has 25+ years retail operations experience, most recently as President of SportChek (Canadian Tire subsidiary).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000064/0000745732-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573223000064/rost-20231011.htm
  HTML page:      https://secwatch.observer/filing/0000745732-23-000064

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