Asbury Automotive Group Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: ABG · Form: DEF 14A · Filed: Apr 3, 2024 · CIK: 1144980

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Stockholder Vote, Corporate Governance, Asbury Automotive

TL;DR

<b>Asbury Automotive Group, Inc. invites stockholders to its 2024 Annual Meeting, urging them to vote on key corporate matters.</b>

AI Summary

ASBURY AUTOMOTIVE GROUP INC (ABG) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Asbury Automotive Group, Inc. is holding its 2024 Annual Meeting of Stockholders. The meeting will cover corporate business requiring stockholder votes. Stockholders are urged to vote on the matters presented in the proxy statement. Voting can be done by mail, telephone, or internet. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 3, 2024.

Why It Matters

For investors and stakeholders tracking ASBURY AUTOMOTIVE GROUP INC, this filing contains several important signals. This filing is a routine proxy statement, indicating the company is seeking shareholder approval for corporate actions and director elections. The emphasis on voting highlights the importance of shareholder participation in corporate governance for Asbury Automotive Group.

Risk Assessment

Risk Level: — ASBURY AUTOMOTIVE GROUP INC shows moderate risk based on this filing. The filing is a standard DEF 14A proxy statement, which typically contains routine corporate governance information and proposals, posing no immediate material risk.

Analyst Insight

Review the proxy statement to understand the proposals and director nominees, and cast your vote accordingly to influence corporate governance.

Key Numbers

Key Players & Entities

FAQ

When did ASBURY AUTOMOTIVE GROUP INC file this DEF 14A?

ASBURY AUTOMOTIVE GROUP INC filed this Proxy Statement (DEF 14A) with the SEC on April 3, 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 ASBURY AUTOMOTIVE GROUP INC (ABG).

Where can I read the original DEF 14A filing from ASBURY AUTOMOTIVE GROUP INC?

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 ASBURY AUTOMOTIVE GROUP INC.

What are the key takeaways from ASBURY AUTOMOTIVE GROUP INC's DEF 14A?

ASBURY AUTOMOTIVE GROUP INC filed this DEF 14A on April 3, 2024. Key takeaways: Asbury Automotive Group, Inc. is holding its 2024 Annual Meeting of Stockholders.. The meeting will cover corporate business requiring stockholder votes.. Stockholders are urged to vote on the matters presented in the proxy statement..

Is ASBURY AUTOMOTIVE GROUP INC a risky investment based on this filing?

Based on this DEF 14A, ASBURY AUTOMOTIVE GROUP INC presents a moderate-risk profile. The filing is a standard DEF 14A proxy statement, which typically contains routine corporate governance information and proposals, posing no immediate material risk.

What should investors do after reading ASBURY AUTOMOTIVE GROUP INC's DEF 14A?

Review the proxy statement to understand the proposals and director nominees, and cast your vote accordingly to influence corporate governance. The overall sentiment from this filing is neutral.

How does ASBURY AUTOMOTIVE GROUP INC compare to its industry peers?

Asbury Automotive Group operates in the automotive retail sector, which is subject to economic conditions, consumer demand, and regulatory changes affecting vehicle sales and services.

Are there regulatory concerns for ASBURY AUTOMOTIVE GROUP INC?

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing the solicitation of proxies for shareholder meetings.

Industry Context

Asbury Automotive Group operates in the automotive retail sector, which is subject to economic conditions, consumer demand, and regulatory changes affecting vehicle sales and services.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing the solicitation of proxies for shareholder meetings.

What Investors Should Do

  1. Review the proxy statement for details on proposals and director nominees.
  2. Vote your shares by mail, phone, or internet.
  3. Attend the Annual Meeting if possible.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, indicating the definitive proxy statement for the 2024 Annual Meeting of Stockholders.

Filing Stats: 4,820 words · 19 min read · ~16 pages · Grade level 13.6 · Accepted 2024-04-03 16:07:59

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 36 2023 Summary Compensation Table 36 202 3 Grants of Plan-Based Awards 37 Outstanding Equity Awards at 2022 Fiscal Year-End 38 202 3 Option Exercises and Stock Vested 38 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 40 CEO PAY RATIO 44 PAY VERSUS PERFORMANCE 45 SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS 48 PROPOSAL 2 - ADVISORY APPROVAL OF NAMED EXECUTIVE OFFICER COMPENSATION 49 AUDIT COMMITTEE REPORT 50 PROPOSAL 3 - RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 51 Independent Registered Public Accounting Firm Fees 51 Audit Committee's Pre-Approval Policies and Procedures 51 OTHER MATTERS 52 Stockholder Proposals for the 202 5 Annual Meeting 52 Compliance with Universal Proxy Rules for Director Nominations 52 Delivery of Proxy Materials to Households 52 Additional Information 53 APPENDIX A 54 Table of Contents Asbury Automotive Group, Inc. 2905 Premiere Parkway NW, Suite 300 Duluth, Georgia 30097 PROXY STATEMENT This proxy statement is furnished in connection with the solicitation of proxies by Asbury Automotive Group, Inc. ("Asbury", the "Company", "we", "us" or "our") on behalf of the Board of Directors (the "Board") for the 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting"), including all adjournments or postponements of the 2024 Annual Meeting. The accompanying Notice of the 2024 Annual Meeting and Important Notice Regarding the Availability of Proxy Materials for the 2024 Annual Meeting to be held on May 14, 2024, this proxy statement and proxy card are first being mailed to stockholders, and made available on the Internet, on or about April 3, 2024. A copy of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 is included with these materials. INFORMATION ABOUT THE MEETING What is the purpose of the 2024 Annual Meeting? At the 2024 Annual Meeting, stockholders wil

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