secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2021-07-06T23:59:59+00:00
Accession:  0001144980-21-000111
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/0001144980-21-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498021000111/abg-20210705.htm
  HTML page:      https://secwatch.observer/filing/0001144980-21-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer