secwatch.observer — SEC 8-K summary
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Issuer:     Chewy, Inc. (CHWY)
CIK:        0001766502
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001766502-24-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Chewy appoints William Billings as CAO effective Aug 12; former CAO Bowman gets $249K severance
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- William Billings named Chief Accounting Officer, effective August 12, 2024.
- David Reeder removed as interim CAO but remains CFO.
- Billings receives $400K base salary, $1.1M new hire RSU grant, and $2.1M additional RSU grant.
- Billings is eligible for annual bonus (75% target) and annual equity grant (275% of base salary).
- Former CAO Stacy Bowman receives $249,000 lump sum severance in exchange for release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766502/000176650224000036/0001766502-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766502/000176650224000036/chwy-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001766502-24-000036

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