Summary
This 8-K filing from Ross Stores, Inc. (ROST) reports an amendment to the executive employment agreement of James S. Fassio, President and Chief Development Officer (CDO). The amendment details revised terms and timing for his planned retirement, extending his tenure in his current role. Specifically, Mr. Fassio will continue as President and CDO until January 31, 2020. Following this, he will transition to a Senior Advisor role from February 1, 2020, through March 31, 2021. This provides a longer transition period than initially planned, ensuring continued leadership and expertise during this period.
Key Highlights
- 1Amendment to James S. Fassio's Executive Employment Agreement.
- 2Mr. Fassio's role as President and Chief Development Officer (CDO) extended.
- 3Mr. Fassio to continue as President and CDO through January 31, 2020.
- 4Transition to Senior Advisor role planned from February 1, 2020.
- 5Senior Advisor role will conclude on March 31, 2021.
- 6Revised terms and timing for Mr. Fassio's planned retirement.
- 7Ensures continuity of leadership and development expertise.