secwatch.observer — SEC 8-K summary
======================================

Issuer:     O REILLY AUTOMOTIVE INC (ORLY)
CIK:        0000898173
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0000898173-23-000061
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

O'Reilly Automotive boosts share repurchase authorization by $2.0B to $25.75B total
--------------------------------------------------------------------------------

- Board approved $2.0B increase in share repurchase program, raising aggregate authorization to $25.75B.
- New authorization effective for three years starting November 16, 2023.
- In conjunction with CEO Greg Johnson's retirement, cancelled his Feb 2023 stock option award and replaced with cash-based award of equivalent value payable upon retirement.
- Repurchases will be made via open market at Company's discretion; no assurance on number of shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000061/0000898173-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000061/orly-20231116x8k.htm
  HTML page:      https://secwatch.observer/filing/0000898173-23-000061

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