secwatch.observer — SEC 8-K summary
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Issuer:     AUTONATION, INC. (AN)
CIK:        0000350698
Form:       8-K
Filed at:   2021-09-21T23:59:59+00:00
Accession:  0000350698-21-000137
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AutoNation appoints Mike Manley as CEO effective Nov 1, 2021; Jackson retires
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- Michael Manley appointed CEO and director, effective Nov 1, 2021; current CEO Michael Jackson retires.
- Manley previously Head of Americas at Stellantis, former CEO of Fiat Chrysler Automobiles.
- Employment terms: $1.3M base salary, target annual bonus 200% of base, $7.2M annual LTI, $6.7M RSU inducement, $1.5M cash sign-on.
- Manley joins Board; initial 3-year term with automatic renewal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350698/000035069821000137/0000350698-21-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350698/000035069821000137/an-20210909.htm
  HTML page:      https://secwatch.observer/filing/0000350698-21-000137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer