Penske Automotive Group Files 8-K
Ticker: PAG · Form: 8-K · Filed: 2024-05-10T00:00:00.000Z
Sentiment: neutral
Topics: corporate-filing, financials, governance
TL;DR
Penske Automotive Group filed an 8-K on May 9th, covering shareholder votes and other key events.
AI Summary
Penske Automotive Group, Inc. filed an 8-K on May 9, 2024, reporting on matters submitted to a vote of security holders and other events. The filing includes financial statements and exhibits, with the company's principal executive offices located at 2555 Telegraph Road, Bloomfield Hills, Michigan.
Why It Matters
This filing provides updates on corporate actions and financial information for Penske Automotive Group, Inc., which is relevant for investors and stakeholders tracking the company's performance and governance.
Risk Assessment
Risk Level: low — This is a routine corporate filing that does not appear to contain significant new risks or material adverse information.
Key Numbers
- 001-12297 — SEC File Number (Identifies the company's filing history with the SEC.)
- 22-3086739 — I.R.S. Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Penske Automotive Group, Inc. (company) — Registrant
- May 9, 2024 (date) — Date of Earliest Event Reported
- 2555 Telegraph Road, Bloomfield Hills, Michigan 48302 (location) — Principal executive offices
- Delaware (jurisdiction) — State of incorporation
- 248-648-2500 (phone_number) — Registrant's telephone number
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not provided in the excerpt.
What are the 'Other Events' reported in this 8-K?
The filing states 'Other Events' as a category, but the specific nature of these events is not detailed in the provided text.
What is the significance of the 'Financial Statements and Exhibits' section?
This section indicates that financial statements and supporting exhibits are included with the filing, providing detailed financial information about the company.
When was Penske Automotive Group, Inc. incorporated?
Penske Automotive Group, Inc. was incorporated in Delaware, as stated in the filing.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 5500, which corresponds to RETAIL-AUTO DEALERS & GASOLINE STATIONS.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-05-10 09:05:11
Key Financial Figures
- $0.0001 — istered Voting Common Stock, par value $0.0001 per share PAG New York Stock Exchange
- $0.96 — d a quarterly dividend in the amount of $0.96 per share, payable on June 4, 2024 to s
Filing Documents
- pag-20240509.htm (8-K) — 48KB
- pr-penskeautomotivedividen.htm (EX-99.1) — 13KB
- picture1.jpg (GRAPHIC) — 5KB
- 0001019849-24-000062.txt ( ) — 195KB
- pag-20240509.xsd (EX-101.SCH) — 2KB
- pag-20240509_lab.xml (EX-101.LAB) — 21KB
- pag-20240509_pre.xml (EX-101.PRE) — 12KB
- pag-20240509_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The 2024 Annual Meeting of Stockholders of Penske Automotive Group, Inc. (the "Company") was held on May 9, 2024. At the Annual Meeting, all proposals were approved in accordance with the stockholder voting results noted below. Proposal 1 The thirteen director nominees named in our proxy statement were elected, each for a term expiring at the next Annual Meeting of Stockholders or until their successors are duly elected and qualified or until their earlier resignation or removal: NOMINEE FOR WITHHELD NON-VOTES John Barr 58,228,222 4,806,276 2,283,732 Lisa Davis 62,422,135 612,363 2,283,732 Wolfgang Drheimer 62,878,730 155,768 2,283,732 Michael Eisenson 62,106,085 928,413 2,283,732 Robert Kurnick, Jr. 61,772,222 1,262,276 2,283,732 Kimberly McWaters 56,799,589 6,234,909 2,283,732 Kota Odagiri 62,256,032 778,466 2,283,732 Greg Penske 61,930,339 1,104,159 2,283,732 Roger Penske 62,473,946 560,552 2,283,732 Sandra Pierce 62,434,057 600,441 2,283,732 Greg Smith 56,462,247 6,572,251 2,283,732 Ronald Steinhart 56,387,559 6,646,939 2,283,732 Brian Thompson 61,527,542 1,506,956 2,283,732 Proposal 2 The proposal to ratify the selection of Deloitte & Touche LLP as our independent registered public accounting firm for 2024: FOR AGAINST ABSTAIN 65,074,610 224,284 19,336 Proposal 3 The proposal to approve, on an advisory basis, our named executive officer compensation: FOR AGAINST ABSTAIN BROKER NON-VOTES 62,053,780 957,049 23,669 2,283,732
01 Other Items
Item 8.01 Other Items. On May 9, 2024, we issued a press release announcing that our Board of Directors declared a quarterly dividend in the amount of $0.96 per share, payable on June 4, 2024 to shareholders of record as of May 20, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Index Exhibit No. Description 99.1 Press Release dated May 9, 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL).
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. Penske Automotive Group, Inc. May 10, 2024 By: /s/ Shane M. Spradlin Name: Shane M. Spradlin Title: Executive Vice President