secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001144980-22-000162
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asbury appoints Nathan Briesemeister as VP, Chief Accounting Officer & Controller effective Nov 7, 2022
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- Mr. Briesemeister previously SVP & Corporate Controller at Global Payments Inc. (GPN) since March 2020.
- Annual base salary of $325,000; target annual cash bonus of 50% of base salary pro-rated for 2022.
- Granted restricted share units valued at $150,000 vesting ratably over 3 years; sign-on bonus of $100,000; relocation allowance of $25,000; auto allowance of $800/month.
- Eligible for severance with base salary continuation for one year plus pro-rated bonus in certain change-in-control scenarios.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000162/0001144980-22-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000162/abg-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001144980-22-000162

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