Advance Auto Parts Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$AAP
Auto & Home Supply Stores
Consumer Discretionary
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): September 13, 2024
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
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(540 ) 362-4911
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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.
(b) In connection with a re-alignment of field leadership responsibilities, on September 13, 2024, Advance Auto Parts, Inc. (the “Company”) updated the duties of Herman L. Word, Jr., Executive Vice President, U.S. Stores and Independents. Effective September 13, 2024, Mr. Word serves as Executive Vice President, Professional, Canada and Independents. He remains an executive officer of the organization, will continue to oversee the Company’s network of Carquest independents, and will take additional responsibility for the Company’s operations in Canada. Jason M. Hand, Senior Vice President, U.S. Stores, will take additional responsibility related to store operations, will continue to lead the Company’s regional vice presidents and will now report directly to the Company’s Chief Executive Officer. The Company believes this re-alignment of field leadership responsibilities will enable deeper focus on both do-it-yourself and professional initiatives.
(e) In connection with the update to his duties and in consideration of his ongoing leadership and service, the Company and Mr. Word have entered into an Amendment to his employment agreement (the “Amendment”) that primarily relate to his new responsibilities and the applicability of the good reason trigger in his agreement. A copy of the Amendment is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Exhibit Description | ||||
| 101.1 | Pursuant to Rule 406 of Regulation S-T, the cover page to this Current Report on Form 8-K is formatted in Inline XBRL. | ||||
| 104.1 | Cover Page Interactive Data File (embedded within the Inline XBRL document included in Exhibit 101.1) | ||||
SIGNATURES
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.
| ADVANCE AUTO PARTS, INC. | ||||||||
| (Registrant) | ||||||||
| Date: September 17, 2024 | /s/ Ryan P. Grimsland | |||||||
| Ryan P. Grimsland | ||||||||
| Executive Vice President, Chief Financial Officer | ||||||||