Autozone Inc 8-K, filed Dec 15, 2021
Autozone Inc (AZO)
About this 8-K
Autozone Inc filed this 8-K on December 15, 2021.
Items reported
- Item 5.07: Shareholder vote results
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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Item 5.07. Submission of Matters to a Vote of Security Holders.
The final results of each of the proposals submitted to a vote of stockholders at the Annual Meeting, held December 15, 2021, are set forth below. Each such proposal is further described in the Proxy Statement, which descriptions are incorporated herein by reference.
Proposal 1. The stockholders elected nine directors, each of whom will hold office until the Annual Meeting of Stockholders to be held in 2022 and until his or her successor is duly elected and qualified. Each director received more votes cast “for” than votes cast “against” his or her election. The tabulation of votes with respect to each nominee for director was as follows:
| Nominee | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||
| Douglas H. Brooks | 17,328,846 | 321,996 | 12,447 | 1,142,970 | ||||
| Linda A. Goodspeed | 17,122,962 | 531,440 | 8,887 | 1,142,970 | ||||
| Earl G. Graves, Jr. | 16,611,599 | 1,041,688 | 10,002 | 1,142,970 | ||||
| Enderson Guimaraes | 17,552,443 | 99,245 | 11,601 | 1,142,970 | ||||
| D. Bryan Jordan | 17,207,025 | 444,637 | 11,627 | 1,142,970 | ||||
| Gale V. King | 17,308,120 | 325,711 | 29,458 | 1,142,970 | ||||
| George R. Mrkonic, Jr. | 16,378,926 | 1,269,085 | 15,278 | 1,142,970 | ||||
| William C. Rhodes, III | 15,970,689 | 1,578,926 | 113,674 | 1,142,970 | ||||
| Jill A. Soltau | 17,571,979 | 80,304 | 11,006 | 1,142,970 |
Proposal 2. The Company’s stockholders ratified the appointment of Ernst & Young LLP as AutoZone’s independent registered public accounting firm for the fiscal year ending August 27, 2022. The tabulation of votes on this matter was as follows:
| Votes For | Votes Against | Abstentions | ||
| 17,435,905 | 1,360,667 | 9,687 |
Proposal 3. The Company’s stockholders approved, on an advisory, non-binding basis, the compensation of AutoZone’s named executive officers. The tabulation of votes on this matter was as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 15,224,025 | 2,415,167 | 24,097 | 1,142,970 |
Proposal 4. The Company’s stockholders voted in favor of the proposal on Climate Transition Plan Reporting. The tabulation of votes on this matter was as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 12,371,115 | 5,190,877 | 101,197 | 1,142,970 |
Item 8.01. Other Events
On December 15, 2021, AutoZone, Inc. issued a press release announcing that its Board of Directors has authorized the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit No. |
Description | |
| 99.1 | Press Release dated December 15, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
| AUTOZONE, INC. | ||
| By: | /s/ Kristen C. Wright | |
| Kristen C. Wright | ||
| Senior Vice President, General Counsel and Secretary | ||
Date: December 15, 2021
EXHIBIT 99.1
AutoZone Authorizes Additional Stock Repurchase
MEMPHIS, Tenn., Dec. 15, 2021 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors authorized the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone’s Board of Directors has authorized $29.2 billion in share repurchases.
“AutoZone’s continued strong financial performance allows us to grow our business, return meaningful amounts of cash to our shareholders and maintain our investment grade credit ratings,” said Jamere Jackson, Chief Financial Officer and Executive Vice President – Finance, and Store Development. “We remain committed to our disciplined capital allocation policy to drive growth and enhance shareholder returns while maintaining adequate liquidity.”
About AutoZone:
As of November 20, 2021, the Company had 6,066, stores in the U.S., 666 stores in Mexico, and 53 stores in Brazil for a total store count of 6,785.
AutoZone is the leading retailer, and a leading distributor, of automotive replacement parts and accessories in the Americas. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. We also have commercial programs in all stores in Mexico and Brazil. AutoZone also sells the ALLDATA brand diagnostic, repair and shop management software through www.alldata.com. Additionally, we sell automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com and our commercial customers can make purchases through www.autozonepro.com. We also provide product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation.
Contact Information:
Media: David McKinney, 901-495-7951, david.mckinney@autozone.com
Financial: Brian Campbell, 901-495-7005, brian.campbell@autozone.com