secwatch / observer

ARKO Corp. — fact timeline

Source-grounded facts extracted from ARKO Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

ARKO ARKO Corp. JSON
Shareholder Votes

ARKO Corp. shareholders approved Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year at the 2026-06-04 meeting.

“Proposal 3: Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year: Votes Votes Broker For Against Abstentions Non-Votes 95,991,876 718,988 2,658 —”
Shareholder Votes

ARKO Corp. shareholders approved Approval of a non-binding advisory resolution approving the compensation of the Company’s named executive officers as disclosed in the Company’s 2026 Proxy Statement for the Annual Meeting at the 2026-06-04 meeting.

“Proposal 2: Approval of a non-binding advisory resolution approving the compensation of the Company’s named executive officers as disclosed in the Company’s 2026 Proxy Statement for the Annual Meeting: Votes Votes Broker For Against Abstentions Non-Votes 74,199,282 5,966,842 660,455 15,886,943”
Shareholder Votes

ARKO Corp. shareholders approved Election of six directors to the Board to hold office until the Company's 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified at the 2026-06-04 meeting.

“Proposal 1: Election of six directors to the Board to hold office until the Company’s 2027 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: Votes Votes Broker Director For Withheld Non-Votes Sherman K. Edmiston III 72,713,274 8,113,305 15,886,943 Yona Fogel 80,691,831 134,748 15,886,943 Avram Friedman 79,218,543 1,608,036 15,886,943 Andrew R. Heyer 60,801,588 20,024,991 15,886,943 Laura Shapira Karet 79,835,177 991,402 15,886,943 Arie Kotler 80,458,273 368,306 15,886,943”
Earnings Releases

ARKO Corp. reported first quarter ended March 31, 2026 results: net income Net loss for the quarter was $5.6 million.

“Net loss for the quarter was $5.6 million compared to a net loss of $12.7 million.”
Debt Financings

ARKO Corp. amended credit facility of The additional $34.2 million principal amount of the Real Estate Loans matures in May 2030 with M&T Bank at bears interest at SOFR plus 2.25% maturing May 2030.

“The M&T Credit Agreement Amendment amended that certain Third Amended and Restated Credit Agreement, dated November 21, 2023 by and among GPM, M&T Bank and the other parties thereto and increased the aggregate original principal amount of the real estate loans thereunder (the “ Real Estate Loans ”) from $49.5 million to $83.7 million. The additional $34.2 million principal amount of the Real Estate Loans matures in May 2030 and is payable in monthly installments based on a fifteen-year amortization schedule, with the balance of the loan payable at maturity, and bears interest at SOFR plus 2.25%.”
Earnings Releases

ARKO Corp. reported the first quarter ended March 31, 2024 results: net income $0.6 million.

“ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Key Highlights (vs. Year-Ago Quarter) 1,2 • Net loss for the quarter was $0.6 million compared to $2.5 million.”
Material Agreements

ARKO Corp. terminated Registration Rights Agreement with ARKO and Transit (effective 2024-03-26).

“As disclosed in Item 1.01 of this Current Report on Form 8-K, pursuant to the Purchase Agreement Amendment, the Registration Rights Agreement terminated.”
Material Agreements

ARKO Corp. amended Credit Agreement Amendment with GPMP, the Administrative Agent and the guarantors and lenders party thereto (effective 2024-03-26).

“On March 26, 2024, GPMP, the Administrative Agent and the guarantors and lenders party thereto entered into an amendment to the Credit Agreement (the “Credit Agreement Amendment”), which facilitated the borrowing and use of up to $36.5 million of the existing line of credit under the Credit Agreement for the settlement of the Installment Payments as provided for in the Purchase Agreement Amendment.”
Material Agreements

ARKO Corp. amended Amendment No. 2 to the Purchase Agreement with Transit Energy Group, LLC (Seller) and GPM Investments, LLC (Buyer) (effective 2024-03-26).

“On March 26, 2024, Buyer and Seller entered into Amendment No. 2 to the Purchase Agreement (the “Purchase Agreement Amendment”), pursuant to which, in full satisfaction of all Installment Payments, (i) ARKO repurchased the First Installment Shares from Transit for an aggregate purchase price of approximately $19.3 million in cash, or $5.66 per share, and (ii) and Buyer paid to Seller an additional amount in cash equal to approximately $17.2 million in satisfaction of the second Installment Payment, which would have otherwise been due on March 1, 2025.”
Material Agreements

ARKO Corp. entered into Master Supply Agreement with Core-Mark International, Inc. (effective 2024-02-19).

“On March 21, 2024, GPM Investments, LLC, a Delaware limited liability company, a subsidiary of ARKO Corp., a Delaware corporation (the “Company”), entered into a Master Supply Agreement (the “Supply Agreement”), effective as of February 19, 2024 (the “Effective Date”), with Core-Mark International, Inc. (“Core-Mark”), a national wholesaler, which is the Company’s primary grocer serving substantially all of the Company’s retail locations.”
Earnings Releases

ARKO Corp. reported fourth quarter and year ended December 31, 2023 results: revenue $1.84 billion, net income $34.6 million.

“2022. • Merchandise revenue for the fourth quarter of 2023 was $446.7 million, an increase of $43.6 million compared to the prior year period. Merchandise revenue for 2023 was $1.84 billion, an increase of $190.4 million compared to 2022. • Merchandise contribution increased by $24.0 million for the fourth quarter of 2023, or 19.6%, and increased by $83.9 million”

Morris Willner resigned as director at ARKO Corp..

“On January 1, 2024, Mr. Morris Willner resigned as a director of the Board of Directors (the “Board”) of ARKO Corp., a Delaware corporation (the “Company”), effective immediately.”

Don Bassell retired as Chief Financial Officer (principal financial and accounting officer) at ARKO Corp..

“Mr. Bassell’s tenure as the Company’s Chief Financial Officer (principal financial and accounting officer) will conclude upon the effectiveness of Mr. Giammatteo’s appointment as Chief Financial Officer on January 2, 2024.”

Robb Giammatteo was appointed as Executive Vice President and Chief Financial Officer (principal financial and accounting officer) at ARKO Corp..

“appointed Mr. Robb Giammatteo, as Executive Vice President and Chief Financial Officer (principal financial and accounting officer), effective January 2, 2024.”
Earnings Releases

ARKO Corp. reported the quarter ended September 30, 2023 results: net income $21.5 million.

“Net income for the quarter was $21.5 million, compared to $25.0 million for the prior year quarter.”
Earnings Releases

ARKO Corp. reported the quarter ended June 30, 2023 results: net income $14.5 million.

“ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced financial results for the quarter ended June 30, 2023.”
Shareholder Votes

ARKO Corp. shareholders approved Ratification of Grant Thornton LLP as independent registered public accounting firm for 2023 at the 2023-06-07 meeting.

“Votes Votes Broker For Against Abstentions Non-Votes 113,798,466 72,165 600 —”
Shareholder Votes

ARKO Corp. shareholders approved Amendment to Amended and Restated Certificate of Incorporation to limit liability of officers at the 2023-06-07 meeting.

“Votes Votes Broker For Against Abstentions Non-Votes 94,813,734 10,703,523 1,893 8,352,081”
Shareholder Votes

ARKO Corp. shareholders approved Advisory resolution approving compensation of named executive officers at the 2023-06-07 meeting.

“Votes Votes Broker For Against Abstentions Non-Votes 99,036,636 6,347,980 134,534 8,352,081”
Shareholder Votes

ARKO Corp. shareholders approved Election of two directors to hold office until 2024 Annual Meeting at the 2023-06-07 meeting.

“Votes Votes Broker Director For Withheld Non-Votes Andrew R. Heyer 87,742,948 17,776,202 8,352,081 Steven J. Heyer 89,667,361 15,851,789 8,352,081”

Laura Karet was appointed as Director at ARKO Corp..

“Additionally, on June 7, 2023, the Board expanded its size from seven to eight directors and appointed Ms. Laura Karet as a director to fill the newly-created vacancy.”

Avram Friedman was appointed as Director at ARKO Corp..

“On June 7, 2023, the Board of Directors (the “Board”) of ARKO Corp., a Delaware corporation (the “Company”), appointed Mr. Avram (Avi) Friedman as a director, filling the vacancy created by the previously reported resignation of Starlette Johnson.”
Listing & Compliance Notices

ARKO Corp. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(2), 5605(c)(4)(B)).

“June 2, 2023, the Company received a notification from Nasdaq confirming the foregoing and that, as permitted by Nasdaq Listing Rule 5605(c)(4)(B), the Company has until November 1, 2023 to cure this non-compliance. The Company expects to cure this non-compliance prior to November 1, 2023 and has an active search underway to fill the vacancy on the Audit Committee. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARKO Corp. Date: June 2, 2023 By: /s/”
Earnings Releases

ARKO Corp. reported the quarter ended March 31, 2023 results: net income Net loss for the quarter was $2.5 million.

“On May 8, 2023, ARKO Corp., a Delaware corporation (the “Company”), issued a press release announcing its financial results for the quarter ended March 31, 2023.”
Material Agreements

ARKO Corp. amended Second Amended and Restated Credit Agreement with Capital One, National Association valued at increase the availability under the Capital One Line of Credit from $500 million to $800 million (effective 2023-05-05).

“On May 5, 2023, the Company’s subsidiary, GPM Petroleum LP, a Delaware limited partnership (“ GPMP ”), together with certain of its subsidiaries, Capital One, National Association, as administrative agent, and the lenders party thereto. entered into a second amended and restated credit agreement (the “ Second A&R Capital One Credit Agreement ”), amending and restating that certain amended and restated revolving credit agreement, dated July 15, 2019 (as amended, the “ A&R Capital One Credit Agreement ”).”
Material Agreements

ARKO Corp. amended Standby Real Estate Purchase, Designation and Lease Program Agreement with Oak Street Real Estate Capital, LLC valued at up to $1.50 billion of capacity (effective 2023-05-02).

“On May 2, 2023, GPM and Oak Street, entered into a third amendment to the Program Agreement (the “ Third Amendment ”), which, among other things, (i) extended the term of the Program Agreement and Oak Street’s exclusivity thereunder through September 30, 2024 (the “ Exclusivity Period ”) and (ii) provides for up to $1.50 billion of capacity under the Program Agreement during the period beginning May 2, 2023 through the expiration of the Exclusivity Period, exclusive of the Company’s pending acquisition of certain assets of WTG Fuels Holdings, LLC.”
Material Agreements

ARKO Corp. amended Second Amendment with funds managed by Oak Street Real Estate Capital, LLC valued at up to an additional $1.25 billion (effective 2023-03-29).

“On March 29, 2023, GPM and funds managed by Oak Street entered into a second amendment to the Program Agreement (the “Second Amendment”), which, among other things, (i) extended the term of the Program Agreement and the exclusivity period thereunder through September 30, 2023 with respect to property to be acquired from Travel Centers of America Inc. and (ii) provides for up to an additional $1.25 billion of capacity under the Program Agreement to be used to acquire property from Travel Centers of America Inc.”
M&A Transactions

ARKO Corp. completed an acquisition involving Transit Energy Group, LLC for approximately $370 million (closed 2023-03-01).

“a commercial, government and industrial business, including certain bulk plants, and (iv) certain distribution and transportation assets. The purchase price was approximately $370 million, as adjusted in accordance with the terms of the Purchase Agreement, plus the value of inventory on the Closing Date (the “Purchase Price”). As previously reported, a portion of”
Earnings Releases

ARKO Corp. reported the year ended December 31, 2022 results: net income $72.0 million.

“Net income for the year was $72.0 million, compared to $59.4 million for the prior year.”
Earnings Releases

ARKO Corp. reported the quarter ended December 31, 2022 results: net income $12.86 million.

“Net income for the quarter was $12.86 million, compared to $12.93 million in the prior year period.”

Donald Bassell departed as Chief Financial Officer at ARKO Corp..

“On January 6, 2023, Donald Bassell, Chief Financial Officer (principal financial and accounting officer) of ARKO Corp., a Delaware corporation (the “Company”), notified the Company’s Board of Directors of his intention to retire from such position.”
Material Agreements

ARKO Corp. amended Eighth Amendment with PNC Bank, National Association valued at $140 million (effective 2022-12-20).

“On December 20, 2022, GPM Investments, LLC, a Delaware limited liability company (“ GPM ”), a wholly owned subsidiary of ARKO Corp., a Delaware corporation (the “ Company ”), entered into an eighth amendment (the “ Eighth Amendment ”) to its revolving credit agreement, dated February 28, 2020, by and among GPM, certain of its subsidiaries as borrowers and guarantors, the lenders from time to time party thereto and PNC Bank, National Association (“ PNC ”), as lender and as agent (as amended, the “ PNC Credit Agreement ”), which provides for a secured revolving credit facility (the “ GPM PNC Line of Credit ”) in an aggregate principal amount of up to $140 million (including revolving loans and letters of credit).”
M&A Transactions

ARKO Corp. completed an acquisition involving Pride Parent, LLC for $230 million plus the value of inventory (closed 2022-12-06).

“operates 31 convenience stores in the Northeast. Pursuant to the Purchase Agreement, at closing of the transaction, GPM was obligated to pay to Seller aggregate consideration of $230 million plus the value of inventory for all of the Interests, subject to certain closing adjustments. GPM financed from its own sources approximately $30 million of the cash”
Earnings Releases

ARKO Corp. reported the quarter ended September 30, 2022 results: revenue $445.8 million, net income $25.0 million.

“of approximately $5.5 million • Adjusted EBITDA increased 24.1% to $99.5 million, the Company’s strongest to date, compared to $80.2 million in Q3 2021 • Merchandise revenue of $445.8 million for the third quarter compared to $434.7 million in Q3 2021; total merchandise contribution increased $5.8 million, or 4.3%, to $138.9 million, compared to Q3 2021 • Merchandise”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.