Asbury Automotive Group Announces Board and Compensation Changes
Ticker: ABG · Form: 8-K · Filed: Nov 19, 2024 · CIK: 1144980
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: ABG
TL;DR
Asbury Automotive Group (ABG) filed an 8-K detailing board changes and executive comp updates.
AI Summary
Asbury Automotive Group, Inc. announced on November 14, 2024, changes related to its board of directors and executive compensation. Specifically, the company elected new directors and updated compensatory arrangements for certain officers. The filing also includes financial statements and exhibits.
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 primarily concerns corporate governance and executive compensation, which typically carries a lower immediate risk compared to financial distress or major operational disruptions.
Key Players & Entities
- Asbury Automotive Group, Inc. (company) — Registrant
- November 14, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-31262 (identifier) — Commission File Number
- 01-0609375 (identifier) — IRS Employer Identification No.
- 2905 Premiere Parkway NW Suite 300 (address) — Principal executive offices
- Duluth, GA 30097 (address) — Principal executive offices location
- 770-418-8200 (phone_number) — Registrant's telephone number
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 the changes are not provided in the excerpt.
What are the details of the updated compensatory arrangements for certain officers?
The filing mentions updated compensatory arrangements but does not provide specific details or dollar amounts in the provided text.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as to file financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported was on November 14, 2024.
What is Asbury Automotive Group's principal executive office address?
The principal executive office is located at 2905 Premiere Parkway NW Suite 300, Duluth, GA 30097.
Filing Stats: 604 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-11-19 16:06:19
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value per share ABG New York Stock
- $210,000 — f common stock of the Company valued at $210,000 per year. Ms. Naidoo also will enter in
Filing Documents
- abg-20241114.htm (8-K) — 33KB
- ex991-pressreleasexnewbod1.htm (EX-99.1) — 13KB
- abg-clicklanexpoweredbya.jpg (GRAPHIC) — 33KB
- 0001144980-24-000153.txt ( ) — 217KB
- abg-20241114.xsd (EX-101.SCH) — 2KB
- abg-20241114_lab.xml (EX-101.LAB) — 21KB
- abg-20241114_pre.xml (EX-101.PRE) — 12KB
- abg-20241114_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated November 19, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. ASBURY AUTOMOTIVE GROUP, INC. Date: November 19, 2024 By: /s/ Dean A. Calloway Name: Dean A. Calloway Title: Senior Vice President, General Counsel & Secretary