Summary
This 8-K filing from O'Reilly Automotive, Inc. details the outcomes of their 2021 Annual Meeting of Shareholders. Key changes include the transition of David O'Reilly from Executive Chairman to Executive Vice Chairman and the appointment of Greg Henslee as the new Executive Chairman. Both received new base salaries for these roles. Additionally, the filing confirms the election of the full slate of directors and provides details on committee assignments. Shareholder votes also ratified the appointment of the independent auditor and rejected a shareholder proposal concerning proxy access, while approving the company's executive compensation practices for 2020 on an advisory basis.
Key Highlights
- 1Greg Henslee appointed as Executive Chairman, succeeding David O'Reilly who becomes Executive Vice Chairman.
- 2David O'Reilly and Greg Henslee have been granted annual base salaries of $650,000 and $750,000 respectively.
- 3All incumbent directors were re-elected to the Board of Directors until the 2022 annual meeting.
- 4Shareholders approved the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2021.
- 5The advisory vote to approve the compensation of Named Executive Officers for 2020 was passed by shareholders.
- 6A shareholder proposal titled 'Improve Our Catch-22 Proxy Access' was voted down by shareholders.