Ross Stores Announces Director Retirement; Two New Board Appointments

What Happened Ross Stores, Inc. (ROST) filed an 8‑K on September 17, 2026 announcing that long‑time director Sharon D. Garrett tendered her resignation on September 11, 2026 and will retire from the Board and its committees effective October 1, 2026. The Board appointed Shelley H. Bransten and Christian B. Johnson as directors effective October 1, 2026; both are independent under Nasdaq rules and have been named to the Board’s Audit Committee. The appointments increase the Board size to ten members, and each new director’s initial term expires at the Company’s 2027 Annual Meeting of Stockholders. The filing includes a press release as Exhibit 99.1.

Key Details

• Resignation tendered: September 11, 2026; effective retirement date: October 1, 2026 (Sharon D. Garrett).
• New appointments effective: October 1, 2026 — Shelley H. Bransten and Christian B. Johnson.
• Board size increased to 10 members; both appointees are independent and will serve on the Audit Committee.
• Compensation and protections: each new director will receive cash and restricted stock under the Company’s standard fee arrangements and will enter into the Company’s standard indemnification agreement.
• Filing date: 8‑K filed September 17, 2026 (includes press release).

Why It Matters Board composition and Audit Committee membership affect corporate oversight and governance, including financial reporting and risk oversight. These are routine, non‑operational governance changes — the filing does not report executive departures (CEO/CFO) or financial results — but investors should note the Board refresh and continued compliance with Nasdaq independence standards. The additions may influence governance priorities and committee oversight going forward; the 8‑K confirms the changes are effective October 1, 2026.