AutoNation hires Jeff Parent as COO effective Oct 16; Steve Kwak departs

AUTONATION, INC.

Jeff Parent, ex-President of Gulf States Toyota, named COO starting ~Oct 16, 2023.
Compensation: $800K base salary, $1.5M sign-on cash, $300K sign-on RSUs, annual target RSUs of $1.5M.
Current COO Steve Kwak leaves on Sept 30, 2023, to pursue another opportunity.
CEO Mike Manley will cease serving as principal operating officer upon Parent's start.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jeff Parent

Chief Operating Officer

AN · AUTONATION, INC.

Effective: 2023-10-16
Filed: September 22, 2023, 7:59 PM ET

On September 18, 2023, the Board of Directors (the “Board”) of AutoNation, Inc. (the “Company”) appointed Jeff Parent as Chief Operating Officer of the Company, effective as of the commencement of his employment with the Company, which is expected to be on or about October 16, 2023.

Role change

Michael Manley

principal operating officer

AN · AUTONATION, INC.

Effective: 2023-10-16
Successor: Jeff Parent
Filed: September 22, 2023, 7:59 PM ET

Effective upon the commencement of Mr. Parent’s service as the Company’s Chief Operating Officer, which is expected to be on or about October 16, 2023, Michael Manley, the Company’s Chief Executive Officer and, as such, its principal executive officer, will cease to be the Company’s principal operating officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Parent was appointed as Chief Operating Officer at AUTONATION, INC..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On September 18, 2023, the Board of Directors (the “Board”) of AutoNation, Inc. (the “Company”) appointed Jeff Parent as Chief Operating Officer of the Company, effective as of the commencement of his employment with the Company, which is expected to be on or about October 16, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Manley changed role as principal operating officer at AUTONATION, INC..

Action: ceased
Role: principal operating officer

Exact text from the filing

Effective upon the commencement of Mr. Parent’s service as the Company’s Chief Operating Officer, which is expected to be on or about October 16, 2023, Michael Manley, the Company’s Chief Executive Officer and, as such, its principal executive officer, will cease to be the Company’s principal operating officer.

View on SEC.gov

AUTONATION, INC. filing history →

Source: SEC EDGAR

accession 0000350698-23-000121

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