Management Change/Compensation - Form 8-K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 4, 2024, the Board of Directors (the "Board") of Petco Health and Wellness Company, Inc. (the "Company") approved the termination of employment of Darren MacDonald, the Company's Chief Customer Officer, effective as of April 12, 2024, which constitutes a termination of Mr. MacDonald's employment without cause under the Company's Executive Severance Plan. Subject to his execution of a release of claims, Mr. MacDonald will be eligible for the separation benefits set forth under the Company's Executive Severance Plan and his outstanding award agreements.