Frank Grese, SVP of Training & Operations Support, to retire from Group 1 Automotive effective Dec 31, 2022

GROUP 1 AUTOMOTIVE INC

Frank Grese will retire as SVP, Training, Operations Support & Employee Communications effective Dec 31, 2022.
Under Transition and Separation Agreement, Grese receives lump sum of $596,000 (annual base salary) on retirement date.
Grese continues salary, benefits, and year-end bonus eligibility through retirement; unvested restricted stock vests over two years subject to non-compete.
Shares scheduled to vest Feb 2023 will vest immediately upon retirement, not subject to additional restrictive period.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Frank Grese

Senior Vice President, Training, Operations Support & Employee Communications

GPI · GROUP 1 AUTOMOTIVE INC

Effective: 2022-12-31
Filed: November 2, 2022, 7:59 PM ET

On October 27, 2022, Frank Grese, Senior Vice President, Training, Operations Support & Employee Communications of Group 1 Automotive, Inc. (the “ Company ”), notified the Board of Directors of the Company that he will retire from all officer positions and as an employee at the Company and its subsidiaries effective December 31, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Grese departed as Senior Vice President, Training, Operations Support & Employee Communications at GROUP 1 AUTOMOTIVE INC.

Action: retire
Role: Senior Vice President, Training, Operations Support & Employee Communications

Exact text from the filing

On October 27, 2022, Frank Grese, Senior Vice President, Training, Operations Support & Employee Communications of Group 1 Automotive, Inc. (the “ Company ”), notified the Board of Directors of the Company that he will retire from all officer positions and as an employee at the Company and its subsidiaries effective December 31, 2022

View on SEC.gov

GROUP 1 AUTOMOTIVE INC filing history →

Source: SEC EDGAR

accession 0001193125-22-275842

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.