8-K
filed May 23, 2023, 7:59 PM ET
ticker ORLY
CIK 0000898173
other material
confidence high
sentiment positive
materiality 0.70
O'Reilly Automotive boosts share repurchase authorization by $2.0B to $23.75B
O REILLY AUTOMOTIVE INC
- Board approved additional $2.0B authorization, effective for three years beginning May 23, 2023.
- Aggregate repurchase authorization raised to $23.75B; open-market purchases at prevailing prices.
- All 10 director nominees elected; broker non-votes of ~5.37M for each.
- Shareholders approved say-on-pay (45.7M for) and ratified Ernst & Young as auditor (52.7M for).
- Shareholder proposal for independent board chairman defeated (27.1M against vs 22.9M for).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
O REILLY AUTOMOTIVE INC shareholders approved Ratification of appointment of Ernst & Young LLP as independent auditors at the 2023-05-23 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-23
Exact text from the filing
52,686,702 2,842,882 37,640
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
O REILLY AUTOMOTIVE INC shareholders rejected Shareholder proposal: Independent Board Chairman at the 2023-05-23 meeting.
- Outcome
- failed
- Meeting
- 2023-05-23
Exact text from the filing
22,995,323 27,110,248 95,370 5,366,283
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
O REILLY AUTOMOTIVE INC shareholders approved Election of directors at the 2023-05-23 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-23
Exact text from the filing
Greg Henslee 47,182,089 2,974,595 44,257 5,366,283 David O'Reilly 48,373,080 1,786,725 41,136 5,366,283 Larry O'Reilly 47,119,384 3,040,811 40,746 5,366,283 Jay D. Burchfield 45,110,758 5,023,530 66,653 5,366,283 Thomas T. Hendrickson 46,936,545 3,186,444 77,952 5,366,283 John R. Murphy 45,120,301 4,992,573 88,067 5,366,283 Dana M. Perlman 44,673,625 5,425,518 101,798 5,366,283 Maria A. Sastre 49,253,937 848,578 98,426 5,366,283 Andrea M. Weiss 49,228,172 880,001 92,768 5,366,283 Fred Whitfield 45,163,161 4,370,265 667,515 5,366,283
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
O REILLY AUTOMOTIVE INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-23 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-23
Exact text from the filing
1 Year 2 Years 3 Years Abstain Broker Non-Votes 49,466,086 114,190 563,053 57,612 5,366,283
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
O REILLY AUTOMOTIVE INC shareholders approved Advisory vote on executive compensation at the 2023-05-23 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-23
Exact text from the filing
45,658,522 4,378,008 164,411 5,366,283
View on SEC.gov
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