secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCE AUTO PARTS INC (AAP)
CIK:        0001158449
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001158449-24-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advance Auto Parts appoints Elizabeth Dreyer as Chief Accounting Officer
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- Elizabeth Dreyer named SVP, Controller and Chief Accounting Officer effective Jan 9, 2024.
- Dreyer brings 30+ years experience; previously CAO at Amyris, Travel+Leisure, and Edgewell.
- Compensation: $425K base salary, 65% bonus target, $350K signing bonus (repayable if resign within 2 yrs), ~$250K RSU grant vesting over 3 yrs.
- Severance: 1x base + pro rata bonus, outplacement up to $12K, benefits up to 52 weeks on termination without cause.
- Annual equity grant expected ~$350K for 2024-2026 under 2023 Omnibus Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000002/0001158449-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158449/000115844924000002/aap-20240105.htm
  HTML page:      https://secwatch.observer/filing/0001158449-24-000002

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