8-K

SONIC AUTOMOTIVE INC (SAH)

8-K 2023-05-16 For: 2023-05-15
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Added on April 08, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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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): May 15, 2023

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SONIC AUTOMOTIVE, INC.

(Exact name of registrant as specified in its charter)

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Delaware

(State or other jurisdiction

of incorporation)1-1339556-2010790(CommissionFile Number)(IRS EmployerIdentification No.)

4401 Colwick Road
Charlotte, North Carolina 28211
(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:

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 Symbol(s) Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share SAH New York Stock Exchange

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 5.07.    Submission of Matters to a Vote of Security Holders.

(a) On May 15, 2023, Sonic Automotive, Inc. (the “Company”) held its 2023 annual meeting of stockholders (the “Annual Meeting”).

(b) At the Annual Meeting, the Company’s stockholders (i) elected all 10 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 2023; (iii) approved, on an advisory basis, the Company’s named executive officer compensation in fiscal 2022; (iv) voted, on an advisory basis, in favor of holding future advisory votes to approve the Company’s named executive officer compensation every year; (v) approved the amendment and restatement of the Sonic Automotive, Inc. 2012 Formula Restricted Stock and Deferral Plan for Non-Employee Directors (the “2012 Formula Plan”); and (vi) approved the amendment to the Company’s Amended and Restated Certificate of Incorporation to limit the personal liability of certain senior officers of the Company as permitted by recent amendments to the General Corporation Law of the State of Delaware. 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 April 3, 2023.

Final voting results on each proposal submitted to the Company’s stockholders at the Annual Meeting are as follows:

1.Election of directors:

Votes<br>For Votes<br>Against Abstentions Broker<br>Non-Votes
David Bruton Smith 135,163,751 4,987,397 28,600 1,905,221
Jeff Dyke 135,021,427 5,145,137 13,184 1,905,221
William I. Belk 131,520,293 8,630,703 28,752 1,905,221
William R. Brooks 134,620,098 5,531,168 28,482 1,905,221
John W. Harris III 127,585,217 12,566,049 28,482 1,905,221
Michael Hodge 129,596,277 10,554,989 28,482 1,905,221
Keri A. Kaiser 128,546,656 11,448,031 185,061 1,905,221
B. Scott Smith 129,241,770 10,909,497 28,481 1,905,221
Marcus G. Smith 129,243,218 10,908,049 28,481 1,905,221
R. Eugene Taylor 127,582,098 12,569,168 28,482 1,905,221

2.Ratification of the appointment of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for fiscal 2023:

Votes For Votes Against Abstentions Broker<br>Non-Votes
142,004,123 66,566 14,280

3.Advisory vote to approve the Company’s named executive officer compensation in fiscal 2022:

Votes For Votes Against Abstentions Broker<br>Non-Votes
134,132,791 6,011,884 35,073 1,905,221

4.Advisory vote on the frequency of future advisory votes to approve the Company's named executive officer compensation:

1 Year 2 Years 3 Years Abstentions Broker<br>Non-Votes
134,342,766 2,255 822,742 5,011,985 1,905,221

5.Approval of the amendment and restatement of the 2012 Formula Plan:

Votes For Votes Against Abstentions Broker<br>Non-Votes
134,537,094 5,622,015 20,639 1,905,221

6.Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to limit the personal liability of certain senior officers of the Company as permitted by recent amendments to the General Corporation Law of the State of Delaware:

Votes For Votes Against Abstentions Broker<br>Non-Votes
126,947,708 13,190,825 41,215 1,905,221

(d) In accordance with the recommendation of the Company’s Board of Directors, the Company’s stockholders voted, on an advisory basis, in favor of holding future advisory votes to approve the Company’s named executive officer compensation every year. Based on the voting results, the Company will include an advisory stockholder vote to approve the Company’s named executive officer compensation in its proxy materials on an annual basis until the next required advisory vote on the frequency of stockholder votes to approve the Company’s named executive officer compensation, which will occur no later than the Company’s annual meeting of stockholders in 2029.

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.
May 16, 2023 By: /s/ STEPHEN K. COSS
Stephen K. Coss
Senior Vice President and General Counsel