---
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"
generated_at: "2026-06-30T07:08:43.253444+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-21-000111
- JSON: https://secwatch.observer/filing/0001144980-21-000111.json
- Plain text: https://secwatch.observer/filing/0001144980-21-000111.txt

## Key facts
- Executive change
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/0001144980-21-000111-index.htm
- Executive change
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/0001144980-21-000111-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.