Casey's General Stores Files 8-K on Operations and Personnel
Ticker: CASY · Form: 8-K · Filed: Dec 9, 2024 · CIK: 726958
| Field | Detail |
|---|---|
| Company | Caseys General Stores Inc (CASY) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1,350,000, $9,275,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, personnel, financials
TL;DR
Casey's dropped an 8-K detailing financials and exec changes as of Dec 5th.
AI Summary
Casey's General Stores, Inc. filed an 8-K on December 9, 2024, reporting on results of operations and financial condition, as well as changes in directors and officers. The filing also includes financial statements and exhibits. The report covers events as of December 5, 2024.
Why It Matters
This filing provides investors with crucial updates on Casey's financial performance and any significant changes in its leadership or board composition.
Risk Assessment
Risk Level: low — This is a routine filing providing operational and personnel updates, not indicating immediate financial distress or significant new risks.
Key Players & Entities
- CASEY'S GENERAL STORES, INC. (company) — Registrant
- 0000726958-24-000090 (filing_id) — Accession Number
- December 5, 2024 (date) — Date of earliest event reported
- December 9, 2024 (date) — Date of report
- Iowa (location) — State of incorporation
- 50021 (zip_code) — Business address zip code
- 515-965-6100 (phone_number) — Business phone number
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates it covers 'Results of Operations and Financial Condition' but does not provide specific financial figures within the provided text.
Were there any changes in directors or officers reported?
Yes, the filing explicitly lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item of information.
What is the SIC code for Casey's General Stores, Inc.?
The Standard Industrial Classification (SIC) code for Casey's General Stores, Inc. is 5500, categorized under RETAIL-AUTO DEALERS & GASOLINE STATIONS.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on December 5, 2024.
What is the company's fiscal year end?
Casey's General Stores, Inc.'s fiscal year ends on April 30 (0430).
Filing Stats: 655 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-12-09 16:16:16
Key Financial Figures
- $1,350,000 — annual base salary will be increased to $1,350,000 for the Company's 2026 fiscal year; (c)
- $9,275,000 — get annual long term incentive award of $9,275,000; and (d) Mr. Rebelez will have the oppo
Filing Documents
- casy-20241205.htm (8-K) — 27KB
- caseys-ceoemploymentagreem.htm (EX-10.1) — 14KB
- q2fy2025earningspressrelea.htm (EX-99.1) — 348KB
- logoa.jpg (GRAPHIC) — 10KB
- 0000726958-24-000090.txt ( ) — 548KB
- casy-20241205.xsd (EX-101.SCH) — 2KB
- casy-20241205_lab.xml (EX-101.LAB) — 21KB
- casy-20241205_pre.xml (EX-101.PRE) — 12KB
- casy-20241205_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition . On December 9, 2024, Casey's General Stores, Inc. (the "Company") issued a press release announcing its financial results for the second quarter ended October 31, 2024 (the "Press Release"). A copy of the Press Release is attached as Exhibit 99.1 and is incorporated herein by reference. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Compensatory Arrangements of Certain Officers. On December 5, 2024, the Compensation Committee (the "Committee") of the Board of Directors of the Company and Darren M. Rebelez, the Company's President and Chief Executive Officer, entered into an amendment (the "Amendment") to Mr. Rebelez's existing employment agreement dated July 25, 2022, with the Company. Pursuant to the Amendment: (a) the term of the Agreement was extended to June 24, 2028, unless further extended pursuant to the terms therein; (b) Mr. Rebelez's annual base salary will be increased to $1,350,000 for the Company's 2026 fiscal year; (c) b eginning with the Company's 2026 fiscal year, Mr. Rebelez will be eligible to earn a target annual long term incentive award of $9,275,000; and (d) Mr. Rebelez will have the opportunity to use the Company's aircraft for up to 50 hours of flight time per year, subject to the Company's policies regarding airplane usage. This summary is qualified in its entirety by the Amendment, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits . (d) Exhibits. Exhibit No. Description 10.1 Amendment to Employment Agreement 99.1 Press Release issued by Casey's General Stores, Inc. dated December 9 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. CASEY'S GENERAL STORES, INC. Dated: December 9, 2024 By: /s/ Stephen P. Bramlage Jr. Stephen P. Bramlage Jr. Chief Financial Officer