Petco Health & Wellness Company, Inc. 8-K

What Happened

• Petco Health & Wellness Company, Inc. (WOOF) filed an 8-K disclosing that on January 30, 2026 the Board appointed Glenn Murphy — previously the Company’s Executive Chairman — as Chairman of the Board in a non-employee capacity, effective February 1, 2026. The company furnished a press release on February 2, 2026 announcing the change.

Key Details

• Transition agreement dated January 30, 2026 governs the change (filed as Exhibit 10.1).
• Mr. Murphy will receive a one-time lump sum payment of $9,615.38 as statutory pay under his prior offer letter (dated May 13, 2024).
• He remains eligible for an annual bonus for fiscal 2025, payable when bonuses are paid to the Company’s executive officers.
• Press release announcing the appointment was filed as Exhibit 99.1 to the 8-K on February 2, 2026.

Why It Matters

• This is a board-level leadership transition that maintains continuity with an existing senior leader (Glenn Murphy) moving to a non-employee Chairman role.
• The immediate cash cost disclosed is modest ($9,615.38) and Murphy’s continued bonus eligibility ties some compensation to company performance; there is no indication in this filing of changes to CEO/CFO roles or broader executive departures.
• Investors tracking governance and executive compensation should note the effective date (Feb 1, 2026) and may review the filed transition agreement and press release for full terms.