secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001193125-25-033440
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Petco CFO Brian LaRose to depart April 30; separation package valued at $730K plus pro-rated incentives
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- Brian LaRose steps down as CFO on Feb 17, succeeded by Sabrina Simmons; will serve as non-officer employee through April 30, 2025.
- LaRose receives $730,392 lump sum (12 months base salary and COBRA premiums) subject to release.
- LaRose also gets pro-rated 2025 annual incentive (prorated through Feb 17) and pro-rated retention bonus of $27,945.
- Remains eligible for 2024 annual incentive based on actual performance.
- All unvested equity awards forfeited as of separation date; unvested retention bonus forfeited after Transition Date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000119312525033440/0001193125-25-033440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000119312525033440/d918762d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-033440

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