---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000018"
form_type: "8-K"
ticker: "AZO"
cik: "0000866787"
company_name: "AUTOZONE INC"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:58:55.641922+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AutoZone completes CEO transition; Rhodes becomes Executive Chairman, Daniele named President and CEO

## Summary
- William C. Rhodes steps down as CEO to Executive Chairman; Philip B. Daniele III becomes President and CEO effective Jan 2, 2024.
- Daniele, a 30-year AutoZone veteran, appointed to the Board, expanding it from 10 to 11 directors.
- Daniele's agreement provides 2.99x base salary severance in installments over 36 months if terminated without cause, plus prorated bonus and COBRA subsidy.
- Non-compete and non-solicitation covenants for three years post-employment; confidentiality of proprietary information required.

## SEC filing metadata
- accession: 0001171843-24-000018
- form_type: 8-K
- ticker: AZO
- cik: 0000866787
- company_name: AUTOZONE INC
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866787/000117184324000018/0001171843-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866787/000117184324000018/f8k_010224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000018
- JSON: https://secwatch.observer/filing/0001171843-24-000018.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000018.txt

## Key facts
- Executive change
  William C. Rhodes, III changed role as Executive Chairman at AUTOZONE INC.
  - Action: assumed the role of Executive Chairman
  - Role: Executive Chairman
  source text: William C. Rhodes, III shall step down as the President and Chief Executive Officer of AutoZone, Inc. (the “Company”) and assume the role of Executive Chairman of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000117184324000018/0001171843-24-000018-index.htm
- Executive change
  Philip B. Daniele, III was appointed as President and Chief Executive Officer at AUTOZONE INC.
  - Action: appointed as President and Chief Executive Officer
  - Role: President and Chief Executive Officer
  source text: Mr. Daniele will serve as the Company’s President and Chief Executive Officer, effective as of the Transition Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000117184324000018/0001171843-24-000018-index.htm

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