Advance Auto Parts Board Changes Announced
Ticker: AAP · Form: 8-K · Filed: Sep 17, 2024 · CIK: 1158449
Sentiment: neutral
Topics: board-changes, management-changes, sec-filing
Related Tickers: AAP
TL;DR
Board shakeup at AAP - new directors in, some execs out.
AI Summary
Advance Auto Parts, Inc. announced on September 13, 2024, a change in its board of directors. Specifically, the company reported the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for its officers. The filing details these changes as per SEC regulations.
Why It Matters
Changes in a company's board of directors can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and board composition can introduce uncertainty regarding future strategic direction and operational stability.
Key Numbers
- 001-16797 — SEC File Number (Identifies the company's filing with the SEC.)
- 54-2049910 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- ADVANCE AUTO PARTS, INC. (company) — Registrant
- 4200 Six Forks Road (location) — Principal executive offices address
- Raleigh (location) — City of principal executive offices
- North Carolina (location) — State of principal executive offices
- September 13, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates a departure of 'certain officers' but does not specify the exact roles in this section of the provided text.
Who are the newly elected directors?
The provided text states that directors have been elected but does not name the individuals in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 13, 2024.
What is the principal executive office address for Advance Auto Parts, Inc.?
The principal executive office is located at 4200 Six Forks Road, Raleigh, North Carolina 27609.
What is the SEC file number for Advance Auto Parts, Inc.?
The SEC file number for Advance Auto Parts, Inc. is 001-16797.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-09-17 16:06:50
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value AAP New York Stock Exchange
Filing Documents
- aap-20240913.htm (8-K) — 26KB
- exhibit101.htm (EX-10.1) — 17KB
- aap-20240913_g1.jpg (GRAPHIC) — 191KB
- 0001158449-24-000199.txt ( ) — 641KB
- aap-20240913.xsd (EX-101.SCH) — 2KB
- aap-20240913_lab.xml (EX-101.LAB) — 21KB
- aap-20240913_pre.xml (EX-101.PRE) — 12KB
- aap-20240913_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 Amendment effective September 13, 2024 to Employment Agreement effective October 2, 2022 between Advance Auto Parts, Inc. and Herman Word, Jr. 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. (Registrant) Date: September 17, 2024 /s/ Ryan P. Grimsland Ryan P. Grimsland Executive Vice President, Chief Financial Officer