Asbury Automotive appoints Michael Welch as CFO effective Aug 9, 2021

ASBURY AUTOMOTIVE GROUP INC

Michael Welch named SVP & CFO, effective August 9, 2021, replacing interim CFO William Stax.
Welch joins from Group 1 Automotive (GPI) where he was VP & Corporate Controller since 2019.
Compensation: $550,000 base salary, 85% target bonus, $500,000 RSU grant vesting over 3 years.
Welch also receives $100,000 relocation allowance and use of a demonstrator vehicle.
Stax remains as VP, Corporate Controller & Chief Accounting Officer.

item 5.02 item 9.01

Executive movements

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

Role change

William Stax

Vice President, Corporate Controller & Chief Accounting Officer

ABG · ASBURY AUTOMOTIVE GROUP INC

Effective: 2021-08-09
Successor: Michael Welch
Filed: July 6, 2021, 7:59 PM ET

replacing William Stax, who has been serving as interim principal financial officer. Mr. Stax will continue to serve as Vice President, Corporate Controller & Chief Accounting Officer of the Company.

Appointed

Michael Welch

Senior Vice President & Chief Financial Officer

ABG · ASBURY AUTOMOTIVE GROUP INC

Effective: 2021-08-09
Filed: July 6, 2021, 7:59 PM ET

On July 5, 2021, the Board of Directors of Asbury Automotive Group, Inc. (the "Company") appointed Michael Welch, age 46, to serve as Senior Vice President & Chief Financial Officer of the Company, effective August 9, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William Stax changed role as Vice President, Corporate Controller & Chief Accounting Officer at ASBURY AUTOMOTIVE GROUP INC.

Action: replaced
Role: Vice President, Corporate Controller & Chief Accounting Officer

Exact text from the filing

replacing William Stax, who has been serving as interim principal financial officer. Mr. Stax will continue to serve as Vice President, Corporate Controller & Chief Accounting Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Welch was appointed as Senior Vice President & Chief Financial Officer at ASBURY AUTOMOTIVE GROUP INC.

Action: appointed
Role: Senior Vice President & Chief Financial Officer

Exact text from the filing

On July 5, 2021, the Board of Directors of Asbury Automotive Group, Inc. (the "Company") appointed Michael Welch, age 46, to serve as Senior Vice President & Chief Financial Officer of the Company, effective August 9, 2021.

View on SEC.gov

ASBURY AUTOMOTIVE GROUP INC filing history →

Source: SEC EDGAR

accession 0001144980-21-000111

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