Group 1 Automotive Announces Executive & Director Changes

Ticker: GPI · Form: 8-K · Filed: 2025-02-26T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-changes, governance

Related Tickers: GPI

TL;DR

GPI board shakeup: new directors in, some execs out.

AI Summary

Group 1 Automotive, Inc. announced on February 24, 2025, changes in its executive team and board of directors. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for certain officers.

Why It Matters

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

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational direction.

Key Players & Entities

FAQ

What specific roles have been affected by the departures and appointments?

The filing indicates the departure of certain officers and directors, the election of new directors, and changes to compensatory arrangements for certain officers, but does not specify the exact roles affected in this summary.

When were these changes effective?

The earliest event reported is dated February 24, 2025.

Are the new directors named in this filing?

The filing mentions the election of new directors but does not list their names in the provided text.

What is the primary business of Group 1 Automotive, Inc.?

Group 1 Automotive, Inc. is in the business of Retail - Auto Dealers & Gasoline Stations, as indicated by its SIC code.

Where is Group 1 Automotive, Inc. headquartered?

The company's principal executive offices are located at 730 Town and Country Blvd, Suite 500, Houston, Texas 77024.

From the Filing

0001031203-25-000015.txt : 20250226 0001031203-25-000015.hdr.sgml : 20250226 20250226072744 ACCESSION NUMBER: 0001031203-25-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250224 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GROUP 1 AUTOMOTIVE INC CENTRAL INDEX KEY: 0001031203 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 760506313 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13461 FILM NUMBER: 25666155 BUSINESS ADDRESS: STREET 1: 730 TOWN & COUNTRY BOULEVARD STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 713-647-5700 MAIL ADDRESS: STREET 1: 730 TOWN & COUNTRY BOULEVARD STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77024 8-K 1 gpi-20250224.htm 8-K gpi-20250224 0001031203 false 0001031203 2025-02-24 2025-02-24 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 24, 2025 Group 1 Automotive, Inc . (Exact name of Registrant as specified in its charter) Delaware 1-13461 76-0506313 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 730 Town and Country Blvd , Suite 500 Houston , Texas 77024 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code ( 713 ) 647-5700 N/A (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 Instructions 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 40.14d-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 Ticker symbol(s) Name of exchange on which registered Common stock, par value $0.01 per share GPI 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 26, 2025, Group 1 Automotive, Inc., a Delaware corporation (the “Company”), announced that Michael D. Jones, Senior Vice President – Aftersales, notified the Company that he will retire from his officer position effective September 1, 2025 (the “Transition Date”). Post Transition Date, Mr. Jones will remain with the Company as a part-time employee through December 31, 2025 (the “Retirement Date”). In recognition of his actual performance for 2025 and in consideration for remaining as a part-time employee, Mr. Jones wil

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