secwatch.observer — SEC 8-K summary
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Issuer:     O REILLY AUTOMOTIVE INC (ORLY)
CIK:        0000898173
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0000898173-23-000005
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

O'Reilly promotes Beckham & Kirby to Co-Presidents; Johnson stays CEO
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- Brad Beckham (EVP/COO) and Brent Kirby (EVP/Chief Supply Chain Officer) promoted to Co-President effective Jan 9, 2023.
- Greg Johnson remains CEO, passes President title to Beckham and Kirby.
- Beckham oversees store ops, sales, real estate, HR, legal, finance; Kirby oversees supply chain, merchandising, IT, omnichannel.
- Compensation: annual base salary of $750k each, 100% incentive target, stock option award equal to 100% of base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000005/0000898173-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000005/orly-20230106x8k.htm
  HTML page:      https://secwatch.observer/filing/0000898173-23-000005

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