Advance Auto Parts Reports Director Changes & Officer Compensation Updates

TL;DR

AAP board shakeup and exec pay changes filed. Watch for details.

AI Summary

Advance Auto Parts, Inc. filed an 8-K on March 20, 2025, reporting changes related to its board of directors and executive compensation. The filing indicates a departure of directors, election of new directors, and updates to compensatory arrangements for certain officers. Specific details on the individuals involved and the financial implications of these changes are expected to be elaborated within the filing's exhibits.

Why It Matters

Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial performance, impacting investor confidence and future business direction.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can indicate underlying issues or strategic shifts that may affect the company's future performance and stock price.

Key Players & Entities

• ADVANCE AUTO PARTS, INC. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 001-16797 (company_id) — Commission File Number
• 54-2049910 (company_id) — I.R.S. Employer Identification No.
• 4200 Six Forks Road, Raleigh, North Carolina 27609 (address) — Principal executive offices
• March 15, 2025 (date) — Date of earliest event reported
• March 20, 2025 (date) — Date of Report

FAQ

From the Filing

0001158449-25-000131.txt : 20250320 0001158449-25-000131.hdr.sgml : 20250320 20250320170930 ACCESSION NUMBER: 0001158449-25-000131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250320 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250320 DATE AS OF CHANGE: 20250320 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: 0103 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16797 FILM NUMBER: 25757389 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 aap-20250315.htm 8-K aap-20250315 0001158449 false 0001158449 2025-03-15 2025-03-15 0001158449 2024-09-13 2024-09-13   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): March 15, 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. Herman L. Word, Jr., Executive Vice President, Professional, Independents and Canada, will be retiring from Advance Auto Parts, Inc. (the "Company"). Effective April 15, 2025, Mr. Word will serve in a transition capacity until May 16, 2025. Mr. Word will receive payment for resignation for good reason pursuant to his amended employment agreement with the Company. The Company thanks Mr. Word for his over 20 years of service. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 101.1 Pursuant to Rule 406 of Regulatio