---
schema_version: "secwatch.filing_event.v1"
accession: "0000898173-23-000031"
form_type: "8-K"
ticker: "ORLY"
cik: "0000898173"
company_name: "O REILLY AUTOMOTIVE INC"
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:44:32.364774+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# O'Reilly Automotive boosts share repurchase authorization by $2.0B to $23.75B

## Summary
- 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).

## SEC filing metadata
- accession: 0000898173-23-000031
- form_type: 8-K
- ticker: ORLY
- cik: 0000898173
- company_name: O REILLY AUTOMOTIVE INC
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/0000898173-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/orly-20230518x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000898173-23-000031
- JSON: https://secwatch.observer/filing/0000898173-23-000031.json
- Plain text: https://secwatch.observer/filing/0000898173-23-000031.txt

## Key facts
- Shareholder Votes
  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
  source text: 52,686,702 ​ 2,842,882 ​ 37,640
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/0000898173-23-000031-index.htm
- Shareholder Votes
  O REILLY AUTOMOTIVE INC shareholders rejected Shareholder proposal: Independent Board Chairman at the 2023-05-23 meeting.
  - Outcome: failed
  - Meeting: 2023-05-23
  source text: 22,995,323 ​ 27,110,248 ​ 95,370 ​ 5,366,283
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/0000898173-23-000031-index.htm
- Shareholder Votes
  O REILLY AUTOMOTIVE INC shareholders approved Election of directors at the 2023-05-23 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/0000898173-23-000031-index.htm
- Shareholder Votes
  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
  source text: 1 Year ​ 2 Years ​ 3 Years ​ Abstain ​ Broker Non-Votes 49,466,086 ​ 114,190 ​ 563,053 ​ 57,612 ​ 5,366,283
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/0000898173-23-000031-index.htm
- Shareholder Votes
  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
  source text: 45,658,522 ​ 4,378,008 ​ 164,411 ​ 5,366,283
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/0000898173-23-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.