secwatch.observer — SEC 8-K summary
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Issuer:     GROUP 1 AUTOMOTIVE INC (GPI)
CIK:        0001031203
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001193125-22-275842
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031203/000119312522275842/0001193125-22-275842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031203/000119312522275842/d377524d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-275842

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