secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000745732-24-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores promotes Karen Fleming to President and CMO of dd's DISCOUNTS effective April 1, 2024
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- Karen Fleming promoted to President and Chief Merchandising Officer of dd's DISCOUNTS, effective April 1, 2024, reporting to CEO Barbara Rentler.
- She succeeds Brian Morrow, who will transition to a consultant role effective April 1, 2024.
- Fleming's employment agreement includes $900,000 annual salary, 100% target bonus, and $500,000 restricted stock award vesting March 23, 2029.
- Fleming previously served as Group EVP of Merchandising at dd's since September 2023, with 20+ years at Ross Dress for Less.
- CEO Rentler cited Fleming's deep off-price knowledge benefiting dd's long-term growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000003/0000745732-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573224000003/rost-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000745732-24-000003

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