Advance Auto Parts Board Shakeup
Ticker: AAP · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1158449
| Field | Detail |
|---|---|
| Company | Advance Auto Parts INC (AAP) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $400,000, $200,000, $410,000, $350,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, management, governance
Related Tickers: AAP
TL;DR
Board changes at AAP, new directors appointed, old one out.
AI Summary
Advance Auto Parts, Inc. announced on December 19, 2024, the departure of Director Thomas G. Seay, Jr. and the appointment of new directors, including Michael A. Smith, to its Board of Directors. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in the board of directors can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board changes can introduce uncertainty about future strategic direction and management stability.
Key Numbers
- 2024-12-19 — Report Date (Date of the earliest event reported)
- 2024-12-20 — Filing Date (Date the report was filed with the SEC)
Key Players & Entities
- Advance Auto Parts, Inc. (company) — Registrant
- Thomas G. Seay, Jr. (person) — Departing Director
- Michael A. Smith (person) — Appointed Director
- 001-16797 (company) — SEC File Number
- 54-2049910 (company) — IRS Employer Identification No.
FAQ
Who has departed from the Advance Auto Parts Board of Directors?
Thomas G. Seay, Jr. has departed from the Board of Directors.
When was the earliest event reported in this filing?
The earliest event reported was on December 19, 2024.
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 SEC file number for Advance Auto Parts?
The SEC file number is 001-16797.
What is the SIC code for Advance Auto Parts?
The Standard Industrial Classification code is 5531 for Retail-Auto & Home Supply Stores.
Filing Stats: 1,132 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-12-20 08:01:07
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value AAP New York Stock Exchange
- $400,000 — be entitled to an annual base salary of $400,000 and is eligible to participate in the C
- $200,000 — eceive a one-time cash signing bonus of $200,000, payable in two installments upon hire
- $410,000 — one-time equity grant of approximately $410,000 aggregate principal value of restricted
- $350,000 — period is expected to be approximately $350,000 and is expected to consist of 50% perfo
- $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-20241219.htm (8-K) — 29KB
- aap-20241219_g1.jpg (GRAPHIC) — 191KB
- 0001158449-24-000260.txt ( ) — 638KB
- aap-20241219.xsd (EX-101.SCH) — 2KB
- aap-20241219_def.xml (EX-101.DEF) — 3KB
- aap-20241219_lab.xml (EX-101.LAB) — 23KB
- aap-20241219_pre.xml (EX-101.PRE) — 14KB
- aap-20241219_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 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: December 20, 2024 /s/ Ryan P. Grimsland Ryan P. Grimsland Executive Vice President, Chief Financial Officer