Sonic Automotive Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 24, 2024
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation)
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| (Address of principal executive offices) | (Zip Code) | |||||||||||||||||||
Registrant’s telephone number, including area code: (704) 566-2400
Not Applicable
(Former name or former address, if changed since last report.)
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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:
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Securities registered pursuant to Section 12(b) of the Act:
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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 ☐
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Item 5.07. Submission of Matters to a Vote of Security Holders.
(a) On April 24, 2024, Sonic Automotive, Inc. (the “Company”) held its 2024 annual meeting of stockholders (the “Annual Meeting”).
(b) At the Annual Meeting, the Company’s stockholders (i) elected all 9 of the Company’s nominees for director to serve for a term of one year or until their successors are duly elected and qualified; (ii) ratified the appointment of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for fiscal 2024; and (iii) approved, on an advisory basis, the Company’s named executive officer compensation in fiscal 2023. The proposals are further described in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on March 15, 2024.
Final voting results on each proposal submitted to the Company’s stockholders at the Annual Meeting are as follows:
1.Election of directors:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||||||||
| David Bruton Smith | 129,228,979 | 9,417,303 | 23,798 | 2,082,018 | ||||||||||||||||||||||
| Jeff Dyke | 133,957,586 | 4,688,639 | 23,855 | 2,082,018 | ||||||||||||||||||||||
| William I. Belk | 128,680,312 | 9,965,924 | 23,844 | 2,082,018 | ||||||||||||||||||||||
| William R. Brooks | 128,845,654 | 9,800,108 | 24,318 | 2,082,018 | ||||||||||||||||||||||
| Michael Hodge | 128,848,999 | 9,796,752 | 24,329 | 2,082,018 | ||||||||||||||||||||||
| Keri A. Kaiser | 127,502,062 | 11,143,816 | 24,202 | 2,082,018 | ||||||||||||||||||||||
| B. Scott Smith | 128,072,413 | 10,571,865 | 25,802 | 2,082,018 | ||||||||||||||||||||||
| Marcus G. Smith | 128,074,161 | 10,571,591 | 24,328 | 2,082,018 | ||||||||||||||||||||||
| R. Eugene Taylor | 127,068,011 | 11,577,751 | 24,318 | 2,082,018 | ||||||||||||||||||||||
2.Ratification of the appointment of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for fiscal 2024:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 140,367,584 | 372,229 | 12,285 | — | |||||||||||||||||
3.Advisory vote to approve the Company’s named executive officer compensation in fiscal 2023:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 138,324,220 | 316,258 | 29,602 | 2,082,018 | |||||||||||||||||
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.
| SONIC AUTOMOTIVE, INC. | ||||||||
| April 25, 2024 | By: | /s/ STEPHEN K. COSS | ||||||
| Stephen K. Coss | ||||||||
| Senior Vice President and General Counsel | ||||||||