Advance Auto Parts 8-K: Leadership & Compensation Changes
Ticker: AAP · Form: 8-K · Filed: Jan 5, 2024 · CIK: 1158449
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Advance Auto Parts just filed an 8-K about leadership and pay changes, watch for strategic shifts.**
AI Summary
Advance Auto Parts, Inc. filed an 8-K on January 5, 2024, reporting on the departure or election of directors or officers and compensatory arrangements. This filing indicates changes in leadership or executive compensation, which can signal strategic shifts or financial incentives for key personnel. For investors, these changes matter because they can impact the company's future direction, operational stability, and ultimately, stock performance, especially if new leadership brings a different vision or if compensation changes affect executive motivation.
Why It Matters
Changes in executive leadership and compensation can signal strategic shifts or financial incentives, directly impacting the company's future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the specific details are not yet disclosed, making the immediate impact unclear.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the reported leadership and compensation changes, as these will provide clarity on potential strategic shifts and their impact on the company's future.
Key Numbers
- $0.0001 — par value per share (par value of Common Stock)
Key Players & Entities
- ADVANCE AUTO PARTS, INC. (company) — registrant
- January 5, 2024 (date) — date of earliest event reported
- Delaware (company) — state of incorporation
- 001-16797 (company) — Commission File Number
- 54-2049910 (company) — I.R.S. Employer Identification No.
- 4200 Six Fork Road , Raleigh , North Carolina 27609 (company) — Address of principal executive offices
- 540-362-4911 (company) — Registrant's telephone number
- Common Stock, $0.0001 par value (dollar_amount) — Title of each class of securities
- AAP (company) — Trading symbol
- New York Stock Exchange (company) — exchange on which registered
Forward-Looking Statements
- Advance Auto Parts will announce specific personnel changes or compensation details within the next quarter. (ADVANCE AUTO PARTS, INC.) — medium confidence, target: 2024-04-05
FAQ
What is the specific date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 5, 2024.
What items are being reported under this 8-K filing by Advance Auto Parts, Inc.?
The 8-K filing reports on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
What is the trading symbol and the exchange where Advance Auto Parts, Inc.'s common stock is registered?
Advance Auto Parts, Inc.'s common stock trades under the symbol AAP on the New York Stock Exchange.
What is the state of incorporation for Advance Auto Parts, Inc.?
Advance Auto Parts, Inc. is incorporated in Delaware.
What is the business address of Advance Auto Parts, Inc. as stated in the filing?
The business address of Advance Auto Parts, Inc. is 4200 Six Fork Road, Raleigh, North Carolina 27609.
Filing Stats: 1,131 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-01-05 07:32:12
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value AAP New York Stock Exchange
- $425,000 — be entitled to an annual base salary of $425,000 and is eligible to participate in the C
- $350,000 — eceive a one-time cash signing bonus of $350,000 that she will be required to repay if s
- $250,000 — one-time equity grant of approximately $250,000 aggregate principal value of restricted
- $12,000 — at a cost to the Company not to exceed $12,000, for a period of up to 12 months; (3) c
Filing Documents
- aap-20240105.htm (8-K) — 30KB
- aap_exhibitx991x8kx152024.htm (EX-99.1) — 9KB
- aap-20240105_g1.jpg (GRAPHIC) — 191KB
- image.jpg (GRAPHIC) — 11KB
- 0001158449-24-000002.txt ( ) — 655KB
- aap-20240105.xsd (EX-101.SCH) — 2KB
- aap-20240105_lab.xml (EX-101.LAB) — 24KB
- aap-20240105_pre.xml (EX-101.PRE) — 12KB
- aap-20240105_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure A press release announcing the appointment of Ms. Dreyer was issued by the Company on January 5, 2024, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number 99.1 Press release, dated January 5, 2024, issued by Advance Auto Parts, Inc. 101.1 Pursuant to Rule 406 of Regulation S-T, the cover page to this Current Report on Form 8-K is formatted in Inline XBRL. 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document included in Exhibit 101.1).
SIGNATURES
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. ADVANCE AUTO PARTS, INC. Date: January 5, 2024 /s/ Ryan P. Grimsland Ryan P. Grimsland Executive Vice President, Chief Financial Officer