UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
_______________
Form
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
Date of report (date of earliest event
reported):
November 20,
2007
ROSS STORES, INC.
(Exact name of registrant
as specified in its charter)
| Delaware | 0-14678 | 94-1390387 |
| (State or other jurisdiction of | (Commission File No.) | (I.R.S. Employer Identification |
| incorporation) | No.) |
4440 Rosewood Drive, Pleasanton,
California, 94588-3050
(Address of principal executive
offices)
Registrant’s telephone number, including
area code:
(925) 965-4400
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
| ROSS STORES, INC. | 4440 Rosewood Drive, Pleasanton, California 94588-3050 | (925) 965-4400 |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On November 20, 2007, Mr. John W. Froman was appointed as a member of the Board of Directors of Ross Stores, Inc. (the “Company”), with an initial term expiring at the Company’s 2010 Annual Stockholders’ Meeting. Mr. Froman was also named to the Nominating and Corporate Governance Committee of the Company’s Board of Directors. Mr. Froman is an independent director under the listing standards of the Marketplace Rules of the NASDAQ Stock Market.
Mr. Froman will receive cash compensation and will be granted stock options for his services on the Board of Directors and the applicable committees in accordance with the Company’s Standard Fee Arrangements and Stock Option Grant Formula for non-employee directors.
A copy of the press release announcing Mr. Froman’s appointment is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | ||
| No. | Description | |
| 99.1 | November 21, 2007 Press Release by Ross Stores, Inc. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 21, 2007
| ROSS STORES, INC. | |||
| Registrant | |||
| By: | /s/J. Call | ||
| John G. Call | |||
| Senior Vice President, Chief Financial Officer, Principal | |||
| Accounting Officer and Corporate Secretary | |||
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Exhibit Index
| Exhibit | |||
| No. | Description | ||
| 99.1 | November 21, 2007 Press Release by Ross Stores, Inc. | ||
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Exhibit 99.1
 |
| FOR IMMEDIATE RELEASE | |||
| Contact: | John G. Call | Katie Loughnot | |
| Senior Vice President | Vice President, Investor Relations | ||
| Chief Financial Officer | (925) 965-4509 | ||
| (925) 965-4315 | email: katie.loughnot@ros.com | ||
JOHN W. FROMAN JOINS ROSS STORES
BOARD OF DIRECTORS
Pleasanton, California, November 21, 2007 -- Ross Stores, Inc. (Nasdaq: ROST) announced today that John W. Froman has been elected to its Board of Directors effective immediately.
Mr. Froman, age 53, served as President and Chief Executive Officer of NAMCO Pool & Patio from 2005 to 2007. Prior to that, he spent almost 20 years in various management roles at Circuit City, ultimately serving as its Executive Vice President and Chief Operating Officer. He began his retail career over 30 years ago at Avon Products, Inc. Mr. Froman received his BBA in Finance from the University of Notre Dame in 1976.
In commenting on this news, Michael Balmuth, Vice Chairman, President and Chief Executive Officer of Ross Stores, stated, “We are delighted to have John Froman join our Board of Directors. We believe that his extensive business knowledge and in-depth retail management experience will make him a valuable resource for the Company and its stockholders.”
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Ross Stores, Inc., a Fortune 500 and Nasdaq 100 (ROST) company headquartered in Pleasanton, California, is the nation’s second largest off-price company with fiscal 2006 revenues of $5.6 billion. The Company currently operates 841 Ross Dress for Less® (“Ross”) stores and 52 dd’s DISCOUNTS® locations. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 60 percent off department and specialty store regular prices. dd’s DISCOUNTS features a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 70 percent off moderate department and discount store regular prices. Additional information is available at www.rossstores.com.
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