8-K
MONRO, INC. (MNRO)
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):
June 21, 2022
MONRO, INC.
(Exact name of registrant as specified in its charter)
| New York | 0-19357 | 16-0838627 |
|---|---|---|
| (State<br> <br>of Incorporation) | (Commission<br> <br>File Number) | (I.R.S. Employer<br> <br>Identification No.) |
| 200 Holleder Parkway, Rochester, New York | 14615 | |
| --- | --- | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code (585) 647-6400
Not Applicable
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
| ☐ | 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)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br> <br>Symbol(s) | Name of each exchange<br> <br>on which registered |
|---|---|---|
| Common Stock, par value $.01 per share | MNRO | The Nasdaq Stock Market |
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. ☐
| Item 8.01 | Voluntary Disclosure of Other Events |
|---|
On June 21, 2022, Monro, Inc. (the “Company”) announced that it has released its second Corporate Responsibility Report, “Responsibility Drives Monro.Forward,” which covers fiscal year 2022. The report highlights the Company’s environmental, social and governance (“ESG”) initiatives and the actions being taken every day to care for its employees and customers, make a positive impact on the communities where it operates, and act as a good steward of the environment. A copy of the press release is furnished as Exhibit 99.1 to this current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits |
|---|---|
| (a) | Not applicable. |
| --- | --- |
| (b) | Not applicable. |
| --- | --- |
| (c) | Not applicable. |
| --- | --- |
| (d) | The following is a list of exhibits furnished with this Current Report on Form 8-K: |
| --- | --- |
| Exhibit<br> <br>No. | Description |
| --- | --- |
| 99.1 | Press Release, dated June 21, 2022. |
| 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 Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONRO, INC. | ||
|---|---|---|
| (Registrant) | ||
| June 21, 2022 | By: | /s/ Maureen E. Mulholland |
| Maureen E. Mulholland | ||
| Executive Vice President - Chief Legal Officer and Secretary |
EX-99.1
Exhibit 99.1
| CONTACT: | Felix Veksler |
|---|---|
| Senior Director, Investor Relations | |
| ir@monro.com |
FOR IMMEDIATE RELEASE
Monro, Inc. Publishes Second Annual Corporate Responsibility Report
Publication features focus on teammate safety and energy efficiency
ROCHESTER, NY – June 21, 2022 – Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, has released its second annual Corporate Responsibility Report, “Responsibility Drives Monro.Forward.” The report covers Monro’s environmental, social, and governance (ESG) efforts for fiscal year 2022.
The Corporate Responsibility Report highlights the actions Monro is taking every day to care for its teammates and guests, to make a positive impact on the communities where it operates, and to act as a good steward of the environment.
“As our business grows, so does our commitment to further integrating ESG factors into our strategy and operations,” said Mike Broderick, president and chief executive officer. “Working collaboratively with our board of directors, we identified two specific ESG-related goals in fiscal year 2022 – teammate safety and energy efficiency. These goals are tangible examples of how ESG factors are being embedded in our everyday decisions.”
Monro’s progress toward its ESG goals, as well as the following notable highlights, are addressed in the report:
| • | Fostering diversity, equity, and inclusion through recruitment and training initiatives that are focused on<br>developing a workforce and leadership team closely resembling Monro’s loyal customer base. |
|---|---|
| • | Reducing the company’s direct energy and emissions footprint by implementing energy-saving initiatives such<br>as LED lighting and energy efficient signage, as well as increased supply chain efficiencies through the recent divestiture of Monro’s tire distribution assets to American Tire Distributors. |
| --- | --- |
| • | Giving back to the communities it serves through a strategy that focuses on three pillars of community<br>engagement: economic and food security, education of youth and family services, and veterans’ services. |
| --- | --- |
| • | Strengthening cybersecurity and data privacy by refining policies and practices according to leading industry<br>standards and making investments in technology infrastructure. |
| --- | --- |
The report includes a mapping to certain metrics of the Sustainability Accounting Standards Board’s (SASB) Multiline & Specialty Retailers and Auto Parts industries.
Monro’s 2022 Corporate Responsibility Report is available on its corporate website at https://corporate.monro.com/corporateresponsibility.
About Monro, Inc.
Monro, Inc. (NASDAQ: MNRO) is one of the nation’s leading automotive service and tire providers, delivering best-in-class auto care to communities across the country. With a growing market share and a focus on sustainable growth, the company generated approximately $1.4 billion in sales in fiscal 2022. Monro continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. Across more than 1,300 stores and 9,000 service bays nationwide, Monro offers its guests the professionalism and high-quality service they expect from a national retailer, with the convenience and trust of a neighborhood garage. Monro’s highly trained teammates and certified technicians bring together hands-on experience and state-of-the-art technology to diagnose and address automotive needs every day to get customers safely back on the road. For more information, please visit www.corporate.monro.com.