Penske Automotive Group Files 2025 Proxy Statement

TL;DR

Penske Auto (PAG) filed its proxy statement for the May 14 meeting - shareholders vote on directors & pay.

AI Summary

Penske Automotive Group, Inc. filed its definitive proxy statement (DEF 14A) on March 20, 2025, for its annual meeting on May 14, 2025. The filing concerns the solicitation of proxies from shareholders regarding matters to be voted on at the meeting. The company is headquartered in Bloomfield Hills, Michigan, and operates in the auto dealership and gasoline stations sector.

Why It Matters

This filing is crucial for shareholders as it outlines the proposals to be voted on at the annual meeting, including director elections and executive compensation, directly impacting corporate governance and shareholder rights.

Risk Assessment

Risk Level: low — A DEF 14A filing is a routine disclosure document for public companies and does not inherently present new financial risks.

Key Numbers

• 20250320 — Filing Date (The date the definitive proxy statement was filed with the SEC.)
• 20250514 — Annual Meeting Date (The date of the shareholder meeting for which proxies are being solicited.)

Key Players & Entities

• PENSKE AUTOMOTIVE GROUP, INC. (company) — Registrant
• 2555 TELEGRAPH RD (address) — Business and Mail Address
• BLOOMFIELD HILLS (city) — Business and Mail City
• MI (state) — Business and Mail State
• 48302-0954 (zip_code) — Business and Mail Zip Code
• 248-648-2500 (phone_number) — Business Phone
• UNITED AUTO GROUP INC (company) — Former Company Name
• 19960726 (date) — Date of Name Change
• 20250320 (date) — Filing Date
• 20250514 (date) — Conformed Period of Report / Annual Meeting Date

FAQ

From the Filing

0001140361-25-009697.txt : 20250320 0001140361-25-009697.hdr.sgml : 20250320 20250320163057 ACCESSION NUMBER: 0001140361-25-009697 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 36 CONFORMED PERIOD OF REPORT: 20250514 FILED AS OF DATE: 20250320 DATE AS OF CHANGE: 20250320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENSKE AUTOMOTIVE GROUP, INC. CENTRAL INDEX KEY: 0001019849 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 223086739 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-12297 FILM NUMBER: 25756929 BUSINESS ADDRESS: STREET 1: 2555 TELEGRAPH RD CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48302-0954 BUSINESS PHONE: 248-648-2500 MAIL ADDRESS: STREET 1: 2555 TELEGRAPH RD CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48302-0954 FORMER COMPANY: FORMER CONFORMED NAME: UNITED AUTO GROUP INC DATE OF NAME CHANGE: 19960726 DEF 14A 1 ny20041144x1_def14a.htm DEF 14A TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant   ☐ Check the appropriate box:   ☐ Preliminary Proxy Statement   ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement   ☐ Definitive Additional Materials   ☐ Soliciting Material under §240.14a-12         Penske Automotive Group, Inc.     (Name of Registrant as Specified In Its Charter)     (Name of Person(s) Filing Proxy Statement, if other than the Registrant)                 Payment of Filing Fee (Check all boxes that apply):     ☒     No fee required.       ☐     Fee paid previously with preliminary materials.       ☐     Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.   TABLE OF CONTENTS     2025 Proxy Statement Annual Meeting of Stockholders to be held on May 14, 2025 Penske Automotive Group, Inc. TABLE OF CONTENTS   Dear Fellow Stockholder: We are a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers. Penske Automotive Group produced another strong year of financial results, driven by a resilient new car market, our premium brand mix, our diversified revenue mix and capital allocation. During 2024, Penske Automotive Group: • Delivered over 491,000 new and used vehicles and over 20,500 new and used commercial trucks • Increased revenue by 3% to over $30 billion • Generated $1.24 billion in earnings before taxes, $923 million in net income and earnings per share of $13.74 • Continued to grow our business by completing acquisitions of $2.1 billion in expected annualized revenue • Increased the cash dividend paid to shareholders each quarter, growing the dividend by 51% from $0.79 to $1.19 • Maintained a strong balance sheet and a debt to capitalization ratio below 30% As the retail automotive and commercial truck industries continue to evolve, we will focus on adapting our processes to meet the latest trends that will drive our business. We will focus on innovation, technology, and transformational opportunities while maintaining our commitment to exceed expectations, driving a repeat and referral environment with our team members. We will once again hold our annual meeting exclusively by remote means this year. We encourage you to participate in the meeting, following the in