Sonic Automotive Files 8-K Amendment

TL;DR

Sonic Automotive filed an amendment to a previous 8-K. Check the details.

AI Summary

Sonic Automotive, Inc. filed an amendment (8-K/A) on August 5, 2024, to its report originally dated July 5, 2024. This amendment pertains to Item 1.05, which typically covers material events. Specific details of the event or changes made in the amendment are not provided in this excerpt.

Why It Matters

This filing indicates a modification or addition to a previously reported material event, requiring investors to review the updated information for potential impacts on the company's status.

Risk Assessment

Risk Level: medium — Amendments to 8-K filings often signal significant updates to previously disclosed material events, which could impact investor decisions.

Key Players & Entities

• SONIC AUTOMOTIVE, INC. (company) — Registrant
• July 5, 2024 (date) — Earliest event reported date
• August 5, 2024 (date) — Filing date of the amendment
• Item 1.05 (other) — Item information in the filing

FAQ

Key Financial Figures

• $0.01 — stered Class A Common Stock, par value $0.01 per share SAH New York Stock Exchange
• $1 — earnings per diluted share for Q2 were $1.18, and the Company estimates that the
• $0.64 — r diluted share for Q2 by approximately $0.64 without taking into account any potenti

Filing Documents

• sah-20240705.htm (8-K/A) — 27KB
• 0001043509-24-000063.txt ( ) — 150KB
• sah-20240705.xsd (EX-101.SCH) — 2KB
• sah-20240705_lab.xml (EX-101.LAB) — 22KB
• sah-20240705_pre.xml (EX-101.PRE) — 12KB
• sah-20240705_htm.xml (XML) — 3KB

05. Material Cybersecurity Incidents

Item 1.05. Material Cybersecurity Incidents. As previously disclosed in the Original Form 8-K, the Company has experienced disruptions in its access to certain information systems provided to the Company by CDK Global ("CDK") due to a cybersecurity incident experienced by CDK on June 19, 2024 (the "Incident"). As of the date of this filing, access to the Company's information systems affected by the Incident has been restored, including its dealer management system ("DMS") and customer relationship management system ("CRM"). However, the Company experienced operational disruptions throughout July related to the functionality of certain CDK customer lead applications, inventory management applications and related third-party application integrations with CDK. The Company has concluded that the Incident had a material impact on the Company's business during and results of operations for the second fiscal quarter ended June 30, 2024 ("Q2"). The Company's GAAP earnings per diluted share for Q2 were $1.18, and the Company estimates that the Incident adversely affected its GAAP earnings per diluted share for Q2 by approximately $0.64 without taking into account any potential recoveries related to the Incident and after factoring in estimated lost income and expenses attributable to the Incident. Based on the information available to the Company on the date hereof, the Company has concluded that the Incident is not reasonably likely to have a material impact on the Company's financial condition or its current or future business or results of operations, except as disclosed herein. Forward-Looking Statements. This Amendment contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, such as the Company's expectations or beliefs regarding future events, actions or performance related to the Incident and the impact of the Incident on the Company and its financial condition and results of operatio

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. SONIC AUTOMOTIVE, INC. August 5, 2024 By: /s/ STEPHEN K. COSS Stephen K. Coss Senior Vice President and General Counsel

View Full Filing

View this 8-K/A filing on SEC EDGAR