O'Reilly Automotive Files 8-K on Director Changes and Compensation

Ticker: ORLY · Form: 8-K · Filed: 2024-05-22T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

Related Tickers: ORLY

TL;DR

O'Reilly Auto (ORLY) filed an 8-K: new directors elected, exec comp updated. Effective May 16.

AI Summary

On May 16, 2024, O'Reilly Automotive, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, effective May 16, 2024. Specific details on the new directors and compensation adjustments are provided within the document.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing is routine and reports on standard corporate governance matters like director elections and compensation adjustments.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of directors, but the specific names and details of any changes are not provided in the summary text.

What are the key details of the updated compensatory arrangements for certain officers?

The filing mentions updates to compensatory arrangements, but the specific details of these arrangements are not included in the provided summary text.

What is the effective date of the reported changes?

The effective date for the events reported in this 8-K filing is May 16, 2024.

What is the primary business of O'Reilly Automotive, Inc.?

O'Reilly Automotive, Inc. is in the business of retail auto and home supply stores, with SIC code 5531.

Where are O'Reilly Automotive, Inc.'s principal executive offices located?

The principal executive offices are located at 233 South Patterson Avenue, Springfield, Missouri 65802.

From the Filing

0000898173-24-000024.txt : 20240522 0000898173-24-000024.hdr.sgml : 20240522 20240522163116 ACCESSION NUMBER: 0000898173-24-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240516 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20240522 DATE AS OF CHANGE: 20240522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: O REILLY AUTOMOTIVE INC CENTRAL INDEX KEY: 0000898173 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO & HOME SUPPLY STORES [5531] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 274358837 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21318 FILM NUMBER: 24973775 BUSINESS ADDRESS: STREET 1: 233 S PATTERSON AVE CITY: SPRINGFIELD STATE: MO ZIP: 65802 BUSINESS PHONE: 417-829-5878 MAIL ADDRESS: STREET 1: 233 S PATTERSON AVE CITY: SPRINGFIELD STATE: MO ZIP: 65802 8-K 1 orly-20240516x8k.htm 8-K 0000898173 false O Reilly Automotive Inc 0000898173 2024-05-16 2024-05-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): May 16, 2024 O’Reilly Automotive, Inc. (Exact name of registrant as specified in its charter) ​ ​ ​ ​ ​ ​ Missouri ​ 000-21318 ​ 27-4358837 (State or other jurisdiction ​ Commission file ​ (I.R.S. Employer of incorporation or organization) ​ number ​ Identification No.) ​ 233 South Patterson Avenue Springfield , Missouri 65802 (Address of principal executive offices, Zip code) ( 417 ) 862-6708 (Registrant’s telephone number, including area code) Not applicable (Former name, former address and former fiscal year, if changed since last report) 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 ( see General Instruction A.2): ☐ 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)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​ ​ ​ ​ ​ Title of Each Class ​ Trading Symbol(s) ​ Name of Each Exchange on which Registered Common Stock $0.01 par value ​ ORLY ​ The NASDAQ Stock Market LLC ​ ​ ​ ​ (NASDAQ Global Select Market) ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of Securities Act of 1933 (230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2). ☐ 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.   ☐ ​ ​ Section 5 – Corporate Governance and Management ​ Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers ​ At O’Reilly Automotive, Inc.’s (the “Company”) 2024 Annual Meeting of Shareholders (the “Annual Meeting”) held on May 16, 2024, the Company’s shareholders elected Greg Henslee, David O’Re

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