secwatch.observer — SEC 8-K summary
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Issuer:     AUTOZONE INC (AZO)
CIK:        0000866787
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001171843-23-006093
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866787/000117184323006093/0001171843-23-006093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866787/000117184323006093/f8k_100423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006093

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