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.
Frequently Asked Questions
The main purpose of this 8-K filing is to report a material definitive agreement, specifically the extension of a consultancy agreement with a key executive and board member, Stuart Moldaw.
Stuart Moldaw is the Chairman Emeritus and a member of the Board of Directors of Ross Stores, Inc.
The agreement has been extended until March 31, 2008, with the same terms and benefits as previously provided, including an annual consulting fee of $100,000.
The Second Amendment to the Independent Contractor Consultancy Agreement is effective as of April 1, 2005.