Sonic Automotive Reports Board and Executive Compensation Changes
Ticker: SAH · Form: 8-K · Filed: Feb 7, 2025 · CIK: 1043509
| Field | Detail |
|---|---|
| Company | Sonic Automotive Inc (SAH) |
| Form Type | 8-K |
| Filed Date | Feb 7, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $1,336,366, $1,737,276, $1,193,230, $1,491,538 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: SONC
TL;DR
Sonic Automotive shuffled its board and updated exec pay. Keep an eye on the stock.
AI Summary
Sonic Automotive, Inc. announced on February 5, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for its key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant operational or financial distress.
Key Players & Entities
- SONIC AUTOMOTIVE, INC. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- February 5, 2025 (date) — Date of earliest event reported
- 4401 Colwick Road Charlotte, North Carolina 28211 (address) — Principal executive offices
- (704) 566-2400 (phone_number) — Registrant's telephone number
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates the departure of certain officers but does not specify the exact roles in this summary.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in this summary.
What are the key changes in the compensatory arrangements for certain officers?
The filing notes updates to compensatory arrangements but does not detail the specific changes in this summary.
What is the effective date of these reported changes?
The earliest event reported is dated February 5, 2025.
Where is Sonic Automotive, Inc. headquartered?
Sonic Automotive, Inc.'s principal executive offices are located at 4401 Colwick Road, Charlotte, North Carolina 28211.
Filing Stats: 841 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2025-02-07 16:05:00
Key Financial Figures
- $0.01 — tered Class A Common Stock, par value $0.01 per share SAH New York Stock Exchange
- $1,336,366 — g amounts: Mr. David Bruton Smith, from $1,336,366 to $1,737,276; Mr. Jeff Dyke, from $1,1
- $1,737,276 — David Bruton Smith, from $1,336,366 to $1,737,276; Mr. Jeff Dyke, from $1,193,230 to $1,4
- $1,193,230 — ,366 to $1,737,276; Mr. Jeff Dyke, from $1,193,230 to $1,491,538; and Mr. Heath R. Byrd, f
- $1,491,538 — ,276; Mr. Jeff Dyke, from $1,193,230 to $1,491,538; and Mr. Heath R. Byrd, from $930,000 t
- $930,000 — $1,491,538; and Mr. Heath R. Byrd, from $930,000 to $1,023,000. SIGNATURES Pursuant t
- $1,023,000 — and Mr. Heath R. Byrd, from $930,000 to $1,023,000. SIGNATURES Pursuant to the requirem
Filing Documents
- sah-20250205.htm (8-K) — 28KB
- 0001628280-25-004424.txt ( ) — 149KB
- sah-20250205.xsd (EX-101.SCH) — 2KB
- sah-20250205_lab.xml (EX-101.LAB) — 21KB
- sah-20250205_pre.xml (EX-101.PRE) — 12KB
- sah-20250205_htm.xml (XML) — 3KB
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. February 7, 2025 By: /s/ STEPHEN K. COSS Stephen K. Coss Senior Vice President and General Counsel