Sonic Automotive board loses two directors, adds Michael Hodge; comp set for 2022

SONIC AUTOMOTIVE INC

Directors Victor H. Doolan and Robert Heller will not seek reelection at the 2022 annual meeting; terms end on that date.
Board expands to 12; Michael Hodge (EVP Finance & CAO, Speedway Motorsports) elected effective Feb 9, 2022.
Compensation Committee sets 2022 bonus criteria for four execs based on adjusted EPS and customer satisfaction.
Performance-based RSUs granted: 55,449 to O. Bruton Smith; 75,260 to David Bruton Smith; 42,763 to Dyke; 33,330 to Byrd, vesting over 3 years.
Heath Byrd receives special 75,000 RSU grant vesting Feb 9, 2027; base salaries raised retroactively to Jan 1, 2022.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Robert Heller

Director

SAH · SONIC AUTOMOTIVE INC

Filed: February 11, 2022, 6:59 PM ET

Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors

Departed

Victor H. Doolan

Director

SAH · SONIC AUTOMOTIVE INC

Filed: February 11, 2022, 6:59 PM ET

Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Heller departed as Director at SONIC AUTOMOTIVE INC.

Action: not seek reelection
Role: Director

Exact text from the filing

Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Victor H. Doolan departed as Director at SONIC AUTOMOTIVE INC.

Action: not seek reelection
Role: Director

Exact text from the filing

Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors

View on SEC.gov

SONIC AUTOMOTIVE INC filing history →

Source: SEC EDGAR

accession 0001043509-22-000001

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