Summary
ROSS STORES, INC. (ROST) filed an 8-K on April 7, 2005, reporting a material definitive agreement. Specifically, the company entered into a Second Amendment to its Independent Contractor Consultancy Agreement with Stuart Moldaw, the Chairman Emeritus and a Board member. This amendment extends Mr. Moldaw's consultancy services until March 31, 2008. The terms and benefits remain the same as previously established, including an annual consulting fee of $100,000. This filing provides transparency regarding executive compensation and ongoing relationships with key personnel.
Key Highlights
- 1Ross Stores entered into a Second Amendment to its Independent Contractor Consultancy Agreement with Stuart Moldaw.
- 2Stuart Moldaw is the Chairman Emeritus and a member of the Board of Directors.
- 3The consultancy agreement has been extended until March 31, 2008.
- 4The terms and benefits of the agreement remain unchanged from previous provisions.
- 5An annual consulting fee of $100,000 will continue to be paid to Mr. Moldaw.
- 6The agreement is effective as of April 1, 2005.