---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006093"
form_type: "8-K"
ticker: "AZO"
cik: "0000866787"
company_name: "AUTOZONE INC"
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T05:07:02.890199+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# AutoZone Compensation Committee approves pay packages for new COO, CFO, and CEO transition

## Summary
- New COO Thomas Newbern and new CFO Jamere Jackson: $800k base salary, 100% bonus target, $5.2M stock option grant (Oct 6, 2023).
- CEO William Rhodes: cash unchanged until Jan 2024; post-Transition to Executive Chairman: $150k base, no bonus.
- Rhodes receives $4.85M stock option grant, cliff-vest Oct 2028; 50% at 110% exercise price, 50% at 100%.
- New compensation effective Oct 22, 2023 for COO/CFO; option grants on Oct 6, 2023.

## SEC filing metadata
- accession: 0001171843-23-006093
- form_type: 8-K
- ticker: AZO
- cik: 0000866787
- company_name: AUTOZONE INC
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866787/000117184323006093/0001171843-23-006093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866787/000117184323006093/f8k_100423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006093
- JSON: https://secwatch.observer/filing/0001171843-23-006093.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006093.txt

## Key facts
- Executive change
  Jamere Jackson was appointed as Chief Financial Officer at AUTOZONE INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Jamere Jackson to the position of Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000117184323006093/0001171843-23-006093-index.htm
- Executive change
  Thomas B. Newbern was appointed as Chief Operating Officer at AUTOZONE INC.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: Thomas B. Newbern to the position of Chief Operating Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000117184323006093/0001171843-23-006093-index.htm
- Executive change
  William C. Rhodes, III was appointed as Executive Chairman at AUTOZONE INC.
  - Action: appointed to Executive Chairman
  - Role: Executive Chairman
  source text: when he relinquishes his roles as President and Chief Executive Officer and is appointed by the Board to the role of Executive Chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000117184323006093/0001171843-23-006093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.