secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001206774-21-002544
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores appoints Adam Orvos as EVP and CFO effective October 1
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- Adam Orvos, 57, promoted from Group SVP Supply Chain to EVP and CFO, reporting to Group President Michael Hartshorn.
- He will oversee accounting, treasury, financial planning, tax, CSR, and investor relations.
- New employment agreement: base salary $750K/year, $4.25M restricted stock award with 20/20/30/30 vesting over 4 years.
- Also receives $2.5M relocation bonus and $20K/month housing allowance for 12 months; initial term through Sept 30, 2025.
- Orvos previously CFO at Neiman Marcus, Belk, and Foley's; 34 years of retail finance experience.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000120677421002544/0001206774-21-002544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000120677421002544/rost3959711-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-21-002544

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