---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-033000"
form_type: "8-K"
ticker: "WOOF"
cik: "0001826470"
company_name: "Petco Health & Wellness Company, Inc."
filed_at: "2022-09-30T23:59:59+00:00"
generated_at: "2026-06-23T06:28:34.079005+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Petco adopts executive severance plan covering non-CEO officers

## Summary
- Plan effective Sept 29, 2022; Tier 1: Section 16 officers except CEO; Tier 2: other SVP+ employees.
- Severance benefits: lump sum base salary, pro-rated annual bonus (actual performance), COBRA premium payment for 12 months.
- Plan cannot be amended or terminated for 24 months after a Change in Control without participant consent.
- Severance under the Plan supersedes individual agreements if a participation agreement is signed.
- Payment subject to release of claims and continued compliance with confidentiality agreements.

## SEC filing metadata
- accession: 0001564590-22-033000
- form_type: 8-K
- ticker: WOOF
- cik: 0001826470
- company_name: Petco Health & Wellness Company, Inc.
- filed_at: 2022-09-30T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826470/000156459022033000/0001564590-22-033000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826470/000156459022033000/woof-8k_20220929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-033000
- JSON: https://secwatch.observer/filing/0001564590-22-033000.json
- Plain text: https://secwatch.observer/filing/0001564590-22-033000.txt

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