Advance Auto Parts Files 8-K on Leadership and Compensation

Ticker: AAP · Form: 8-K · Filed: 2025-02-06T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-compensation, governance

Related Tickers: AAP

TL;DR

AAP filed an 8-K on 2/3/25 covering director changes and executive pay.

AI Summary

On February 3, 2025, Advance Auto Parts, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates a shift in corporate governance and potential adjustments to how key personnel are compensated.

Why It Matters

Changes in board composition and executive compensation can signal strategic shifts or reflect responses to performance, impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Changes in executive leadership and compensation can introduce uncertainty regarding future strategy and financial performance.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates "Departure of Directors or Certain Officers; Election of Directors" as an item of disclosure, suggesting changes in board membership.

What are the details of the compensatory arrangements mentioned?

The filing lists "Compensatory Arrangements of Certain Officers" as an item of disclosure, implying that details regarding executive compensation are being reported.

When was the earliest event reported in this 8-K filing?

The earliest event reported is dated February 3, 2025.

What is the principal executive office address for Advance Auto Parts, Inc.?

The principal executive offices are located at 4200 Six Forks Road, Raleigh, North Carolina 27609.

Under which section of the Securities Exchange Act of 1934 is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

From the Filing

0001193125-25-021789.txt : 20250206 0001193125-25-021789.hdr.sgml : 20250206 20250206161525 ACCESSION NUMBER: 0001193125-25-021789 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250203 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250206 DATE AS OF CHANGE: 20250206 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: 25597578 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 d934422d8k.htm 8-K 8-K ADVANCE AUTO PARTS INC false 0001158449 0001158449 2025-02-03 2025-02-03     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): February 3, 2025       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)     Securities Registered Pursuant to Section 12(b) of the Act:   Title of each class   Trading symbol   Name of each exchange on which registered Common Stock, $0.0001 par value   AAP   New York Stock Exchange 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:   ☐ 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)) 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. ☐       INFORMATION TO BE INCLUDED IN THE REPORT Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Tammy M. Finley, the Company’s Executive Vice President, General Counsel and Corporate Secretary, will be leaving the organization and beginning her retirement. Effective March 2, 2025, Ms. Finley is expected to serve in an advisory capacity through May 2, 2025, to support the transition of the role. Ms. Finley’s separation triggered termination without due cause payment pursuant to her employment agreement wit

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