secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001158449-23-000112
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844923000112/0001158449-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844923000112/aap-20230412.htm
  HTML page:      https://secwatch.observer/filing/0001158449-23-000112

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