Monro, Inc. Reports Board and Executive Compensation Changes
Ticker: MNRO · Form: 8-K · Filed: Feb 10, 2025 · CIK: 876427
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: MNRO
TL;DR
Monro's board is changing, and exec pay plans are updated.
AI Summary
Monro, Inc. announced on February 5, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of a director and the election of a new director, along with updates to its compensatory plans for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- MONRO, INC. (company) — Registrant
- February 5, 2025 (date) — Date of Earliest Event Reported
- 295 Woodcliff Drive, Suite 202, Fairport, New York 14450 (address) — Principal Executive Offices
FAQ
Who departed from the Board of Directors?
The filing indicates the departure of a director, but the specific name is not provided in this excerpt.
Who was elected to the Board of Directors?
The filing states a new director was elected, but their name is not specified in this excerpt.
What is the exact date of the reported event?
The earliest event reported is dated February 5, 2025.
What is Monro, Inc.'s principal executive office address?
Monro, Inc.'s principal executive offices are located at 295 Woodcliff Drive, Suite 202, Fairport, New York 14450.
What specific items are covered in this 8-K filing?
This 8-K covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 750 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2025-02-10 16:37:53
Key Financial Figures
- $350,000 — ) will be paid an annual base salary of $350,000; (ii) will be eligible to earn a bonus,
- $450,000 — ward opportunity with a target value of $450,000 on the basis of performance targets as
Filing Documents
- d902177d8k.htm (8-K) — 28KB
- d902177dex991.htm (EX-99.1) — 7KB
- g902177g0208033943714.jpg (GRAPHIC) — 4KB
- 0001193125-25-023615.txt ( ) — 164KB
- mnro-20250205.xsd (EX-101.SCH) — 3KB
- mnro-20250205_lab.xml (EX-101.LAB) — 18KB
- mnro-20250205_pre.xml (EX-101.PRE) — 11KB
- d902177d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following exhibits are furnished as part of this Report: Exhibit Number Description 99.1 Press Release, dated February 10, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MONRO, INC. (Registrant) February 10, 2025 By: /s/ Maureen E. Mulholland Maureen E. Mulholland Executive Vice President – Chief Legal Officer and Secretary