AutoZone DEF 14A: Executive Pay & Annual Meeting Details

Ticker: AZO · Form: DEF 14A · Filed: Oct 30, 2024 · CIK: 866787

Sentiment: neutral

Topics: proxy-statement, executive-compensation, annual-meeting

Related Tickers: AZO

TL;DR

AutoZone's DEF 14A is out, showing exec pay details for FY24. Vote wisely.

AI Summary

AutoZone Inc. filed its DEF 14A on October 30, 2024, detailing executive compensation and annual meeting information for the fiscal year ending August 31, 2024. The filing includes details on equity awards granted to individuals like Mr. Rhodes and Mr. Daniele, with specific dates and values related to their compensation packages.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and corporate governance, enabling informed voting decisions at the upcoming annual meeting.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that primarily discloses executive compensation and governance information, not typically indicative of immediate financial risk.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes for the annual meeting and provides detailed information on executive compensation, director nominations, and other corporate governance matters.

When is AutoZone's annual meeting scheduled?

The filing indicates the 'CONFORMED PERIOD OF REPORT' as 20241218, suggesting the annual meeting is scheduled for December 18, 2024.

Who are some of the key individuals mentioned in relation to compensation data?

The filing mentions individuals such as 'Mr. Rhodes' and 'Mr. Daniele' in the context of equity awards and compensation for the fiscal years 2023-2024 and prior.

What is AutoZone's Standard Industrial Classification (SIC) code?

AutoZone Inc.'s SIC code is 5531, which corresponds to 'RETAIL-AUTO & HOME SUPPLY STORES'.

What is the filing date of this DEF 14A?

This DEF 14A filing was made on October 30, 2024.

Filing Stats: 4,586 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-10-30 16:30:51

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION Significant portion of executive ' s compensation is variable or at-risk Annual Incentive Plan tied to economic profit , as a function of Earnings Before Interest and Taxes ( " EBIT " ) and Return on Invested Capital ( " ROIC " ) Robust Shareholder Engagement led by Chair of the Compensation Committee to understand Say-On-Pay Vote Compensation plans and practices reviewed to ensure they do not encourage excessive risk-taking Stock Ownership Guidelines aligned to compensation strategy For more information, see: Compensation, Discussion & Analysis beginning on page 38. SHAREHOLDER ENGAGMENT Conduct year-round outreach through our Board leadership, senior management, investor relations and legal teams to understand shareholders ' perspectives, priorities and concerns In the Summer and Fall of 2024, invited investors representing 67% of shares outstanding to discuss corporate governance, leadership transition and say-on-pay For more information, see: Shareholder Engagement on page 21 and, for compensation-related engagement, page 41. * Information reflected as of, and for the fiscal year ended, August 31, 2024, as applicable Disclaimer: The contents of any websites, reports or other materials are not incorporated by reference into this proxy statement and do not constitute a part of this proxy statement. 2 2024 Proxy Statement Table of Contents CULTURE Our Pledge and Values foster a strong, unique and powerful culture of teamwork and customer service. Every AutoZoner, from the Board of Directors and CEO Team (Vice Presidents and above) to AutoZoners in our stores, strive to Live the Pledge . Meetings at AutoZone begin with our Cheer and Pledge , to remind us of our commitment to customer satisfaction and our promise to put customers first, and an Extra Miler Story , to recognize fellow AutoZoners for living our Pledge and Values and taking care of our customers. We believe our commitment to living the Pledge an

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