Advance Auto Parts reassigns duties of EVP Robert Cushing, extends service through Q1 2024

ADVANCE AUTO PARTS INC

EVP Professional Robert B. Cushing will transition certain responsibilities to other executives for succession planning.
Cushing loses Section 16 officer designation but retains EVP title and reports to CEO.
Current compensation unchanged through at least Q1 2024; termination payment locked at current rate.
He defers right to resign for Good Reason; employment extended through first fiscal quarter 2024.
Cushing continues leading Worldpac, Carquest Canada, strategic professional accounts, and Technet.

item 5.02 item 9.01

Executive movements

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Role change

Robert B. Cushing

Executive Vice President, Professional

AAP · ADVANCE AUTO PARTS INC

Effective: 2023-04-12
Filed: April 13, 2023, 7:59 PM ET

"On April 12, 2023, Advance Auto Parts, Inc. (the “Company”) and Robert B. Cushing, 69, Executive Vice President, Professional, agreed to reassign portions of Mr. Cushing’s job responsibilities to other executives to further streamline field operations and support long-term succession planning."

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert B. Cushing changed role as Executive Vice President, Professional at ADVANCE AUTO PARTS INC.

Action: reassigned
Role: Executive Vice President, Professional

Exact text from the filing

"On April 12, 2023, Advance Auto Parts, Inc. (the “Company”) and Robert B. Cushing, 69, Executive Vice President, Professional, agreed to reassign portions of Mr. Cushing’s job responsibilities to other executives to further streamline field operations and support long-term succession planning."

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ADVANCE AUTO PARTS INC filing history →

Source: SEC EDGAR

accession 0001158449-23-000112

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