secwatch.observer — SEC 8-K summary
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Issuer:     O REILLY AUTOMOTIVE INC (ORLY)
CIK:        0000898173
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0000898173-23-000031
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

O'Reilly Automotive boosts share repurchase authorization by $2.0B to $23.75B
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/0000898173-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000031/orly-20230518x8k.htm
  HTML page:      https://secwatch.observer/filing/0000898173-23-000031

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