Genuine Parts Company Files Definitive Proxy Statement

Ticker: GPC · Form: DEF 14A · Filed: Mar 1, 2024 · CIK: 40987

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Genuine Parts, Shareholder Meeting, Executive Compensation

TL;DR

<b>Genuine Parts Company has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

GENUINE PARTS CO (GPC) filed a Proxy Statement (DEF 14A) with the SEC on March 1, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Reporting period: Fiscal year ending December 31, 2023. Filed as of date: March 1, 2024. Company SIC code: 5013 (Wholesale-Motor Vehicle Supplies & New Parts). Incorporated in: Georgia.

Why It Matters

For investors and stakeholders tracking GENUINE PARTS CO, this filing contains several important signals. This filing provides shareholders with information regarding the company's annual meeting, executive compensation, and voting matters. As a DEF 14A filing, it contains detailed disclosures required by the SEC for public companies soliciting shareholder votes.

Risk Assessment

Risk Level: low — GENUINE PARTS CO shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk or opportunity.

Analyst Insight

Shareholders should review the proxy statement for details on executive compensation, director nominations, and any proposed shareholder resolutions before the annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did GENUINE PARTS CO file this DEF 14A?

GENUINE PARTS CO filed this Proxy Statement (DEF 14A) with the SEC on March 1, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by GENUINE PARTS CO (GPC).

Where can I read the original DEF 14A filing from GENUINE PARTS CO?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by GENUINE PARTS CO.

What are the key takeaways from GENUINE PARTS CO's DEF 14A?

GENUINE PARTS CO filed this DEF 14A on March 1, 2024. Key takeaways: Filing type: DEF 14A (Definitive Proxy Statement).. Reporting period: Fiscal year ending December 31, 2023.. Filed as of date: March 1, 2024..

Is GENUINE PARTS CO a risky investment based on this filing?

Based on this DEF 14A, GENUINE PARTS CO presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk or opportunity.

What should investors do after reading GENUINE PARTS CO's DEF 14A?

Shareholders should review the proxy statement for details on executive compensation, director nominations, and any proposed shareholder resolutions before the annual meeting. The overall sentiment from this filing is neutral.

How does GENUINE PARTS CO compare to its industry peers?

Genuine Parts Company operates in the wholesale distribution of automotive and industrial replacement parts.

Are there regulatory concerns for GENUINE PARTS CO?

The filing is subject to SEC regulations governing proxy solicitations and corporate disclosures.

Industry Context

Genuine Parts Company operates in the wholesale distribution of automotive and industrial replacement parts.

Regulatory Implications

The filing is subject to SEC regulations governing proxy solicitations and corporate disclosures.

What Investors Should Do

  1. Review executive compensation details and voting recommendations.
  2. Understand any proposed amendments or shareholder proposals.
  3. Note the date of the annual shareholder meeting for voting participation.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure and does not represent a change from previous filings of the same type.

Filing Stats: 4,772 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-03-01 08:37:07

Key Financial Figures

Filing Documents

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 20

Security Ownership of Management

Security Ownership of Management 21 Executive Comp ensation 23 Consideration of Last Year's Advisory Shareholder Vote on Executive Compensat io n 24 Compensation Philosophy and Objectives 25 Variable verse Fixed Compensation 25 Short-Term verse Long-Term Incentive Compensation 26 Overview of Executive Compensation Components 26 Change in Control Arrangements 31 Factors Considered in Decisions to Materially Increase or Decrease Compensation 31 Stock Ownership Guidelines 31 Clawback Provisions 32 Role of Executive Officers in Determining Compensation 32 Compensation and Human Capital Committee Report 33 Additional Information regarding Executive Compensation 34 Compensation and Human Capital Committee Interlocks and Insider Participation 48 Compensation of Directors 48 Transactions with Related Persons 50 Delinquent Section 16(a) Reports 50 Proposal 2 — Advisory Vote on Executive Compensation 51 Proposal 3 — Approval of Amendment to 2015 Incentive Plan 52 Proposal 4 — Ratification of Selection of Independent Auditors 58 Audit Committee Report 60 Solicitation of Proxies 60 Other Matters 61 Shareholder Proposals for 2025 Annual Meeting 61 Table of Content s Annual Meeting — April 29, 2024 This proxy statement is being furnished to the shareholders of Genuine Parts Company in connection with the solicitation of proxies by the Board of Directors of the Company for use at the Company's 2024 Annual Meeting of Shareholders to be held on Monday, April 29, 2024, at 10:00 a.m. eastern time and at any reconvened meeting following any adjournment thereof. The Annual Meeting will be held virtually. To access the virtual meeting, go to meetnow.global/MZC94V2 and enter a valid control number found on your proxy card, notice of internet availability, or an email previously received from Computershare. If you do not have a control number, you may access the meeting as a Guest. The live audio webcast of th

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