{"schema_version":"secwatch.filing_event.v1","accession":"0001144980-21-000111","form_type":"8-K","ticker":"ABG","cik":"0001144980","company_name":"ASBURY AUTOMOTIVE GROUP INC","filed_at":"2021-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.313002+00:00","generated_at":"2026-06-30T07:08:43.253444+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Asbury Automotive appoints Michael Welch as CFO effective Aug 9, 2021","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001144980-21-000111","json":"https://secwatch.observer/filing/0001144980-21-000111.json","markdown":"https://secwatch.observer/filing/0001144980-21-000111.md","text":"https://secwatch.observer/filing/0001144980-21-000111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/0001144980-21-000111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/abg-20210705.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T07:08:43.253444+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ea9c42693","claim":"William Stax changed role as Vice President, Corporate Controller & Chief Accounting Officer at ASBURY AUTOMOTIVE GROUP INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/0001144980-21-000111-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"replaced"},{"label":"Role","value":"Vice President, Corporate Controller & Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"5ff54a2b5e","claim":"Michael Welch was appointed as Senior Vice President & Chief Financial Officer at ASBURY AUTOMOTIVE GROUP INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/0001144980-21-000111-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Senior Vice President & Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}