Asbury Automotive enters consulting agreement with departing CAO Stax for $200,000

ASBURY AUTOMOTIVE GROUP INC

William Stax resigned as VP, Controller & CAO effective May 13, 2022.
Transition consulting term from May 16 through Oct 31, 2022.
Total compensation of $200,000: 5 payments of $20,000 plus a $100,000 lump sum upon release.
Consulting agreement to ensure orderly transition; no successor named in this filing.

item 5.02 item 9.01

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Departed

William Stax

Vice President, Controller and Chief Accounting Officer

ABG · ASBURY AUTOMOTIVE GROUP INC

Effective: 2022-05-13
Filed: May 16, 2022, 7:59 PM ET

Mr. William Stax had provided notice of his intention to resign as Vice President, Controller and Chief Accounting Officer of the Company effective on May 13, 2022.

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 resigned as Vice President, Controller and Chief Accounting Officer at ASBURY AUTOMOTIVE GROUP INC.

Action: resigned
Role: Vice President, Controller and Chief Accounting Officer

Exact text from the filing

Mr. William Stax had provided notice of his intention to resign as Vice President, Controller and Chief Accounting Officer of the Company effective on May 13, 2022.

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ASBURY AUTOMOTIVE GROUP INC filing history →

Source: SEC EDGAR

accession 0001144980-22-000134

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