Advance Auto Parts CFO Departs, Interim Appointed
Ticker: AAP · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1158449
Sentiment: neutral
Topics: executive-departure, leadership-change, cfo
Related Tickers: AAP
TL;DR
AAP CFO out March 15, interim named. Board changes too.
AI Summary
Advance Auto Parts, Inc. announced on March 11, 2024, the departure of its Chief Financial Officer, Thomas G. Newlands, effective March 15, 2024. Concurrently, Gregory L. Johnson was appointed interim CFO. The company also announced the election of new directors and changes in officer compensation arrangements.
Why It Matters
This filing indicates significant leadership changes within Advance Auto Parts, including the departure of its CFO, which could signal strategic shifts or financial restructuring.
Risk Assessment
Risk Level: medium — The departure of a CFO and changes in board composition can introduce uncertainty regarding the company's financial strategy and future performance.
Key Players & Entities
- Advance Auto Parts, Inc. (company) — Registrant
- Thomas G. Newlands (person) — Departing Chief Financial Officer
- March 15, 2024 (date) — Effective date of CFO departure
- Gregory L. Johnson (person) — Appointed interim Chief Financial Officer
- March 11, 2024 (date) — Date of report
FAQ
Who has been appointed as the interim Chief Financial Officer?
Gregory L. Johnson has been appointed as the interim Chief Financial Officer.
When is Thomas G. Newlands' departure as CFO effective?
Thomas G. Newlands' departure as CFO is effective March 15, 2024.
What other significant events are reported in this 8-K filing?
The filing also reports the election of directors and changes in compensatory arrangements of certain officers.
What is the company's principal executive office address?
The principal executive offices are located at 4200 Six Forks Road, Raleigh, North Carolina 27609.
What is the Commission File Number for Advance Auto Parts, Inc.?
The Commission File Number for Advance Auto Parts, Inc. is 001-16797.
Filing Stats: 1,639 words · 7 min read · ~5 pages · Grade level 11 · Accepted 2024-03-12 09:00:30
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value AAP New York Stock Exchan
Filing Documents
- d770402d8k.htm (8-K) — 33KB
- d770402dex101.htm (EX-10.1) — 78KB
- d770402dex991.htm (EX-99.1) — 14KB
- g770402g0311211445313.jpg (GRAPHIC) — 10KB
- 0001193125-24-065470.txt ( ) — 299KB
- aap-20240311.xsd (EX-101.SCH) — 3KB
- aap-20240311_lab.xml (EX-101.LAB) — 17KB
- aap-20240311_pre.xml (EX-101.PRE) — 11KB
- d770402d8k_htm.xml (XML) — 3KB
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: March 12, 2024 /s/ Ryan P. Grimsland Ryan P. Grimsland Executive Vice President, Chief Financial Officer