Advance Auto Parts Files 8-K with Material Agreement Details

TL;DR

AAP filed an 8-K on 8/22 for a material agreement - big news incoming.

AI Summary

On August 22, 2024, Advance Auto Parts, Inc. filed an 8-K report detailing a material definitive agreement. The filing also included Regulation FD disclosures and financial statements/exhibits. Specific details of the agreement, including parties involved and financial terms, are not fully elaborated in the provided text but are indicated as significant.

Why It Matters

This filing signals a significant business development for Advance Auto Parts, potentially impacting its operations, financial standing, and investor outlook.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce significant financial or operational risks and opportunities, requiring careful investor scrutiny.

Key Numbers

• 001-16797 — Commission File Number (Identifies the company's filing with the SEC.)
• 54-2049910 — I.R.S. Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• ADVANCE AUTO PARTS, INC. (company) — Registrant
• August 22, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 4200 Six Forks Road (address) — Principal executive offices
• Raleigh, North Carolina 27609 (address) — Principal executive offices

FAQ

From the Filing

0001193125-24-205390.txt : 20240822 0001193125-24-205390.hdr.sgml : 20240822 20240822163329 ACCESSION NUMBER: 0001193125-24-205390 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240822 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240822 DATE AS OF CHANGE: 20240822 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: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16797 FILM NUMBER: 241232430 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 d858165d8k.htm 8-K 8-K ADVANCE AUTO PARTS INC false 0001158449 0001158449 2024-08-22 2024-08-22     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): August 22, 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 Forks 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)     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. below):   ☐ 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, $0.0001 par value   AAP   New York Stock Exchange 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 1.01 Entry into a Material Definitive Agreement. On August 22, 2024, Advance Auto Parts, Inc., a Delaware Corporation (the “ Company ”) and an affiliate of the Carlyle Group (the “ Buyer ”) entered into a Sale and Purchase Agreement (the “ Agreement ”) to sell the Company’s Worldpac business (“ Worldpac ”). Pursuant to the Agreement and upon the terms and subject to the conditions set forth therein, the Company has agreed to sell to the Buyer, and the Buyer has agreed to acquire from the Company, Worldpac, for a purchase price o