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AI brief of an SEC Form 8-K · Ross Stores (ROST)

Ross Stores names William Sheehan CFO, succeeding Adam Orvos effective October 1, 2025

Neutral Impact 4 of 5 leadership Written later

Ross Stores said CFO Adam Orvos will retire effective September 30, 2025, and its board has appointed Deputy CFO William Sheehan as Executive Vice President and Chief Financial Officer, effective October 1, 2025, as part of a previously announced succession plan. Sheehan, who has more than 34 years of retail finance experience and has been with the company since 2006, will receive a $775,000 base salary and a restricted stock award with a notional value of $1,200,000.

Key points

  • Adam Orvos retires as CFO and from employment effective September 30, 2025.
  • William Sheehan becomes EVP and CFO and principal financial officer effective October 1, 2025; he currently serves as Deputy CFO.
  • Sheehan's new employment agreement runs through March 31, 2029, with a base salary of $775,000 and a target bonus of 75% of salary.
  • Sheehan receives a restricted stock award with a notional value of $1,200,000, vesting 100% on September 14, 2029.

The filing

CompanyRoss Stores (ROST)
Form8-K, current report
Filed with the SECSep 2, 2025, 4:18 PM ET
Accession number0000745732-25-000049

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.