Advance Auto Parts 8-K: Leadership & Compensation Changes

Ticker: AAP · Form: 8-K · Filed: 2024-01-05T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, compensation, corporate-governance

TL;DR

**Advance Auto Parts just filed an 8-K about leadership and pay changes, watch for strategic shifts.**

AI Summary

Advance Auto Parts, Inc. filed an 8-K on January 5, 2024, reporting on the departure or election of directors or officers and compensatory arrangements. This filing indicates changes in leadership or executive compensation, which can signal strategic shifts or financial incentives for key personnel. For investors, these changes matter because they can impact the company's future direction, operational stability, and ultimately, stock performance, especially if new leadership brings a different vision or if compensation changes affect executive motivation.

Why It Matters

Changes in executive leadership and compensation can signal strategic shifts or financial incentives, directly impacting the company's future performance and investor confidence.

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the specific details are not yet disclosed, making the immediate impact unclear.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the reported leadership and compensation changes, as these will provide clarity on potential strategic shifts and their impact on the company's future.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the specific date of the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 5, 2024.

What items are being reported under this 8-K filing by Advance Auto Parts, Inc.?

The 8-K filing reports on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.

What is the trading symbol and the exchange where Advance Auto Parts, Inc.'s common stock is registered?

Advance Auto Parts, Inc.'s common stock trades under the symbol AAP on the New York Stock Exchange.

What is the state of incorporation for Advance Auto Parts, Inc.?

Advance Auto Parts, Inc. is incorporated in Delaware.

What is the business address of Advance Auto Parts, Inc. as stated in the filing?

The business address of Advance Auto Parts, Inc. is 4200 Six Fork Road, Raleigh, North Carolina 27609.

From the Filing

0001158449-24-000002.txt : 20240105 0001158449-24-000002.hdr.sgml : 20240105 20240105073212 ACCESSION NUMBER: 0001158449-24-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240105 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240105 DATE AS OF CHANGE: 20240105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCE AUTO PARTS INC CENTRAL INDEX KEY: 0001158449 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO & HOME SUPPLY STORES [5531] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 542049910 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16797 FILM NUMBER: 24514437 BUSINESS ADDRESS: STREET 1: 4200 SIX FORKS ROAD CITY: RALEIGH STATE: NC ZIP: 27609 BUSINESS PHONE: 5403624911 MAIL ADDRESS: STREET 1: 4200 SIX FORKS ROAD CITY: RALEIGH STATE: NC ZIP: 27609 8-K 1 aap-20240105.htm 8-K aap-20240105 0001158449 false 0001158449 2023-04-12 2023-04-12   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): January 5, 2024 ADVANCE AUTO PARTS, INC. (Exact name of registrant as specified in its charter)   Delaware 001-16797 54-2049910 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   4200 Six Fork Road , Raleigh , North Carolina 27609 (Address of principal executive offices) (Zip Code)   ( 540 ) 362-4911 (Registrant's telephone number, including area code)   Not Applicable (Former name or former address, if changed since last report)   Securities Registered Pursuant to Section 12(b) of the Act: Title of each class Trading symbol Name of each exchange on which registered Common Stock, $0.0001 par value AAP New York Stock Exchange Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 5, 2024, Advance Auto Parts, Inc. (the “Company”) announced the appointment of Elizabeth E. Dreyer to the position of Senior Vice President, Controller and Chief Accounting Officer, commencing January 9, 2024. Ms. Dreyer, 61, joins the Company from Amyris, Inc., a public biotechnology company, where she has served since October 2022 as Chief Accounting Officer and Controller. She previously served as Senior Vice President and Chief Accounting Officer of Travel + Leisure Co., a public vacation ownership and exchange company, from March 2018 to October 2022, and as Vice President, Controller and C

View on Read The Filing