8-KOther Events

AUTOZONE INC 8-K Report (Oct 1, 2002)

Filed October 1, 2002For Securities:AZO

Summary

This Form 8-K filing from AutoZone, Inc. (AZO) on October 1, 2002, primarily serves to disclose certain material exhibits and agreements. The most significant items for investors relate to the company's financing arrangements and executive compensation. Investors should note the amendments to the company's Five-Year Credit Agreement, specifically Amendment No. 2 dated August 9, 2002, and a newly reported Amended and Restated Credit Agreement dated May 21, 2002. These filings provide insight into AutoZone's debt structure and its ongoing access to capital, which is crucial for operational expansion and financial flexibility. Additionally, the filing includes updated by-laws and several employment and non-compete agreements with key executives, indicating continued focus on corporate governance and retention of senior management.

Key Highlights

  • 1AutoZone, Inc. filed a Form 8-K on October 1, 2002, reporting on events as of September 30, 2002.
  • 2The filing includes an amendment (Amendment No. 2) to the Five-Year Credit Agreement dated May 23, 2000, dated August 9, 2002.
  • 3A new Amended and Restated Credit Agreement dated May 21, 2002, involving Fleet National Bank and JPMorgan Chase Bank, is also disclosed.
  • 4The Third Amended and Restated By-laws of AutoZone, Inc. are filed as an exhibit, indicating updates to corporate governance documents.
  • 5Several employment and non-compete agreements with key executives, including Brett D. Easley, Robert D. Olsen, and William C. Rhodes, III, are referenced.
  • 6These agreements are generally incorporated by reference from previous filings, suggesting ongoing executive relationships and contractual arrangements.

Frequently Asked Questions

The primary purpose of this Form 8-K filing is to publicly disclose material exhibits and agreements that AutoZone, Inc. has entered into or amended. This includes updates to its credit facilities and corporate governance documents, as well as executive employment agreements.

The filing indicates an amendment (Amendment No. 2) to the existing Five-Year Credit Agreement and the establishment of a new Amended and Restated Credit Agreement dated May 21, 2002. These documents are crucial for understanding the company's debt structure, borrowing capacity, and terms of its financing.

While this filing does not detail compensation amounts, it lists employment and non-compete agreements with key executives such as Brett D. Easley, Robert D. Olsen, and William C. Rhodes, III. These are generally incorporated by reference from prior filings, confirming ongoing executive arrangements and corporate governance practices.

The detailed terms of the credit agreements and the by-laws are not included in this 8-K. They are referenced as exhibits and incorporated by reference from previous filings (such as Form 10-Q and Form 10-K). Investors would need to consult those specific prior filings for the full contractual details.