secwatch.observer — SEC 8-K summary
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Issuer:     O REILLY AUTOMOTIVE INC (ORLY)
CIK:        0000898173
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0000898173-21-000057
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

O'Reilly appoints Fred Whitfield to board; boosts buyback authorization by $1.5B to $18.75B
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- Board expanded from 9 to 10 members; Fred Whitfield appointed as independent director effective Nov 12, 2021.
- Whitfield is President/Vice Chairman of Hornets Sports & Entertainment; will serve on Audit Committee.
- Share repurchase authorization increased by $1.5B, raising total to $18.75B; effective three-year term.
- Repurchases solely via open market; no obligation to buy any specific number of shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898173/000089817321000057/0000898173-21-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898173/000089817321000057/orly-20211112x8k.htm
  HTML page:      https://secwatch.observer/filing/0000898173-21-000057

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