secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K/A
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001144980-22-000134
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000134/0001144980-22-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000134/abg-20220317.htm
  HTML page:      https://secwatch.observer/filing/0001144980-22-000134

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