secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0001043509-22-000001
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350922000001/0001043509-22-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350922000001/sah-20220209.htm
  HTML page:      https://secwatch.observer/filing/0001043509-22-000001

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