---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-138218"
form_type: "8-K"
ticker: "WOOF"
cik: "0001826470"
company_name: "Petco Health & Wellness Company, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:09:54.123524+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Petco appoints Glenn Murphy Executive Chairman; he invests $2.5M in stock

## Summary
- Murphy purchased 1.47M shares at $1.70 via private placement for ~$2.5M; 50% held through 2026, 50% through 2027.
- Board expanded to 11; Murphy receives annual base salary of $250K with 100% target bonus.
- Inducement awards: 1M RSUs and options for 3.5M-4.25M shares at exercise prices from $2.50 to $10.00, vesting quarterly over 3 years.
- Murphy will lead Board search for permanent CEO; brings retail experience from Gap, Shoppers Drug Mart, and Lululemon.

## SEC filing metadata
- accession: 0001193125-24-138218
- form_type: 8-K
- ticker: WOOF
- cik: 0001826470
- company_name: Petco Health & Wellness Company, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826470/000119312524138218/0001193125-24-138218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826470/000119312524138218/d839959d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-138218
- JSON: https://secwatch.observer/filing/0001193125-24-138218.json
- Plain text: https://secwatch.observer/filing/0001193125-24-138218.txt

## Key facts
- Executive change
  Glenn Murphy was appointed as Executive Chairman at Petco Health & Wellness Company, Inc..
  - Action: appointed
  - Role: Executive Chairman
  source text: The Board appointed Glenn Murphy as Executive Chairman of the Board, effective May 14, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000119312524138218/0001193125-24-138218-index.htm
- Material Agreements
  Petco Health & Wellness Company, Inc. entered into Stock Purchase Agreement with GSSB Corporation, an Ontario corporation of which Glenn Murphy is the sole stockholder, and Scooby Aggregator, LP valued at $2,500,001.30 (effective 2024-05-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: GSSB Corporation, an Ontario corporation of which Glenn Murphy is the sole stockholder, and Scooby Aggregator, LP
  - Value: $2,500,001.30
  - Effective: 2024-05-13
  source text: On May 13, 2024, Petco Health and Wellness Company, Inc. (the “Company”), GSSB Corporation, an Ontario corporation of which Glenn Murphy is the sole stockholder, and Scooby Aggregator, LP, a Delaware limited partnership, entered into a stock purchase agreement (the “Stock Purchase Agreement”) pursuant to which GSSB Corporation purchased 1,470,589 shares (the “Purchased Shares”) of Class A Common Stock, par value $0.001 per share (“Common Stock”), of the Company in a private placement at a price per share equal to $1.70 for a total of $2,500,001.30.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000119312524138218/0001193125-24-138218-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.