Source-grounded facts extracted from SONIC AUTOMOTIVE INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
SONIC AUTOMOTIVE INC shareholders approved Approval of the amendment and restatement of the Sonic Automotive, Inc. 2012 Formula Restricted Stock and Deferral Plan for Non-Employee Directors at the 2026-04-29 meeting.
“5. Approval of the amendment and restatement of the Sonic Automotive, Inc. 2012 Formula Restricted Stock and Deferral Plan for Non-Employee Directors: Votes For Votes Against Abstentions Broker Non-Votes 132,129,410 6,559,374 2,988 1,961,571”
SONIC AUTOMOTIVE INC shareholders approved Approval of the Sonic Automotive, Inc. 2026 Equity Incentive Plan at the 2026-04-29 meeting.
“4. Approval of the Sonic Automotive, Inc. 2026 Equity Incentive Plan: Votes For Votes Against Abstentions Broker Non-Votes 133,026,040 5,662,777 2,955 1,961,571”
SONIC AUTOMOTIVE INC shareholders approved Advisory vote to approve the Company's named executive officer compensation in fiscal 2025 at the 2026-04-29 meeting.
“3. Advisory vote to approve the Company's named executive officer compensation in fiscal 2025: Votes For Votes Against Abstentions Broker Non-Votes 133,238,802 5,439,356 13,614 1,961,571”
SONIC AUTOMOTIVE INC shareholders approved Ratification of the appointment of Grant Thornton LLP to serve as the Company's independent registered public accounting firm for fiscal 2026 at the 2026-04-29 meeting.
“2. Ratification of the appointment of Grant Thornton LLP to serve as the Company's independent registered public accounting firm for fiscal 2026: Votes For Votes Against Abstentions Broker Non-Votes 140,643,605 1,535 8,203 —”
SONIC AUTOMOTIVE INC shareholders approved Election of directors at the 2026-04-29 meeting.
“1. Election of directors: Votes For Votes Against Abstentions Broker Non-Votes David Bruton Smith 129,446,914 9,236,772 8,086 1,961,571 Jeff Dyke 134,224,989 4,458,714 8,069 1,961,571 William I. Belk 126,717,636 11,966,215 7,921 1,961,571 William R. Brooks 128,970,123 9,713,406 8,243 1,961,571 Michael Hodge 129,402,478 9,281,219 8,075 1,961,571 Keri A. Kaiser 127,694,502 10,908,617 88,653 1,961,571 B. Scott Smith 129,399,833 9,283,852 8,087 1,961,571 Marcus G. Smith 129,399,520 9,283,996 8,256 1,961,571 R. Eugene Taylor 127,491,992 11,191,741 8,039 1,961,571”
SONIC AUTOMOTIVE INC reported first quarter ended March 31, 2026 results: revenue $3.7 billion, net income $60.8 million, EPS $1.79 earnings per share.
“automotive retailers, today reported financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Summary • First quarter record total revenues of $3.7 billion, up 1% year-over-year; first quarter record total gross profit of $598.8 million, up 6% year-over-year • Reported net income in the first quarter was $60.8 million, down 14%”
SONIC AUTOMOTIVE INC incurred term loan of $150 million with PNC Bank, National Association at Term SOFR plus 2.50% per annum maturing the earlier of (i) the date that is 364 days after the Closing Date and (ii) the occurrence of a refinancing of the PNC Mortgage Facility.
“On March 27, 2026 (the “Closing Date”), Sonic Automotive, Inc. (the “Company”) entered into a Bridge Facility Credit Agreement (the “Bridge Facility Credit Agreement”) with PNC Bank, National Association (“PNC”), as administrative agent and lender. The Bridge Facility Credit Agreement provides for a senior unsecured term loan facility in an aggregate principal amount of $150 million (the “Bridge Facility”). Also on the Closing Date, the Company borrowed $150 million under the Bridge Facility Credit Agreement, the full amount available under the Bridge Facility.”
SONIC AUTOMOTIVE INC entered into Bridge Facility Credit Agreement with PNC Bank, National Association valued at $150 million (effective 2026-03-27).
“On March 27, 2026 (the “Closing Date”), Sonic Automotive, Inc. (the “Company”) entered into a Bridge Facility Credit Agreement (the “Bridge Facility Credit Agreement”) with PNC Bank, National Association (“PNC”), as administrative agent and lender.”
SONIC AUTOMOTIVE INC disclosed a cybersecurity incident: disruptions in access to certain information systems provided by CDK Global due to a cybersecurity incident experienced by CDK. Impact: The Incident had a material impact on the Company’s business and results of operations for the second fiscal quarter ended June 30, 2024, adversely affecting GAAP earnings per diluted share by approximately $0.64. Company determined it material. Discovered 2024-06-19.
“The Company has concluded that the Incident had a material impact on the Company’s business during and results of operations for the second fiscal quarter ended June 30, 2024 ("Q2").”
SONIC AUTOMOTIVE INC disclosed a cybersecurity incident: The Company has experienced disruptions in its access to certain information systems provided by CDK Global due to a CDK cybersecurity incident, affecting its dealer management system (DMS), customer relationship management system (CRM), and other systems supporting sales, inventory and accounting f. Impact: The Company concluded the incident is reasonably likely to have a material impact on second fiscal quarter earnings due to a slower rate of vehicle sales; as of the date of this filing, it has not yet determined whether the incident has otherwise had or is otherwise reasonably likely to have a mater. Materiality is still being assessed. Discovered 2024-06-19.
“the Company concluded that the Incident is reasonably likely to have a material impact on the Company’s results of operation for the second fiscal quarter ended June 30, 2024 due to, among other thing, a slower rate of vehicle sales during the period since June 19, 2024 due to the impact of the Incident on the Affected Systems. As a result, the Company expects that its earnings for the second fiscal quarter ended June 30, 2024 will be adversely impacted by the Incident. As of the date hereof, the Company has not yet determined whether the Incident has otherwise had or is otherwise reasonably likely to have a material impact on the Company and its financial condition.”
SONIC AUTOMOTIVE INC reported first quarter ended March 31, 2024 results: revenue $3.4 billion, net income $42.0 million, EPS $1.20 earnings per diluted share.
“the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary • Total revenues of $3.4 billion, down 3% year-over-year; total gross profit of $536.2 million, down 3% year-over-year • Reported net income of $42.0 million, down 12% year-over-year ($1.20 earnings per diluted”
SONIC AUTOMOTIVE INC shareholders approved Advisory vote to approve the Company's named executive officer compensation in fiscal 2023 at the 2024-04-24 meeting.
“3. Advisory vote to approve the Company's named executive officer compensation in fiscal 2023: Votes For Votes Against Abstentions Broker Non-Votes 138,324,220 316,258 29,602 2,082,018”
SONIC AUTOMOTIVE INC shareholders approved Ratification of the appointment of Grant Thornton LLP to serve as the Company's independent registered public accounting firm for fiscal 2024 at the 2024-04-24 meeting.
“2. Ratification of the appointment of Grant Thornton LLP to serve as the Company's independent registered public accounting firm for fiscal 2024: Votes For Votes Against Abstentions Broker Non-Votes 140,367,584 372,229 12,285 —”
SONIC AUTOMOTIVE INC shareholders approved Election of directors at the 2024-04-24 meeting.
“Election of directors: Votes For Votes Against Abstentions Broker Non-Votes David Bruton Smith 129,228,979 9,417,303 23,798 2,082,018 Jeff Dyke 133,957,586 4,688,639 23,855 2,082,018 William I. Belk 128,680,312 9,965,924 23,844 2,082,018 William R. Brooks 128,845,654 9,800,108 24,318 2,082,018 Michael Hodge 128,848,999 9,796,752 24,329 2,082,018 Keri A. Kaiser 127,502,062 11,143,816 24,202 2,082,018 B. Scott Smith 128,072,413 10,571,865 25,802 2,082,018 Marcus G. Smith 128,074,161 10,571,591 24,328 2,082,018 R. Eugene Taylor 127,068,011 11,577,751 24,318 2,082,018”
SONIC AUTOMOTIVE INC amended Fifth Amendment to Credit Agreement with PNC Bank, National Association (effective 2024-03-22).
“On March 22, 2024, Sonic Automotive, Inc. (the “Company”) and certain of its subsidiaries entered into the Fifth Amendment to Credit Agreement (the “Amendment”) with PNC Bank, National Association (“PNC”), as administrative agent, and the other financial institutions party thereto.”
SONIC AUTOMOTIVE INC amended Sixth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders listed therein valued at decrease the aggregate commitments under the Floor Plan Facilities by $550.00 million, from $2.95 bi (effective 2024-03-13).
“On March 13, 2024 (the “Effective Date”), Sonic Automotive, Inc. (the “Company”) and certain of its subsidiaries entered into the Sixth Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, revolving swing line lender, new vehicle swing line lender, used vehicle swing line lender, letter of credit issuer and a lender, BMW Financial Services NA, LLC, JPMorgan Chase Bank, N.A., Mercedes-Benz Financial Services USA LLC, Toyota Motor Credit Corporation, PNC Bank, National Association, VW Credit, Inc., American Honda Finance Corporation, U.S. Bank National Association, Wells Fargo Bank, National Association, MassMutual Asset Finance LLC, TD Bank, N.A., World Omni Financial Corp., and First National Bank of Pennsylvania as lenders.”
SONIC AUTOMOTIVE INC reported financial results for fourth fiscal quarter and fiscal year ended December 31, 2023.
“On February 14, 2024, Sonic Automotive, Inc. (the “Company”) issued a press release announcing its financial results for its fourth fiscal quarter and fiscal year ended December 31, 2023 (the “Earnings Press Release”).”
SONIC AUTOMOTIVE INC reported third quarter ended September 30, 2023 results: revenue $3.6 billion, net income $68.4 million, EPS $1.92 earnings per diluted share. Guidance reaffirmed.
“automotive retailers, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Summary • Record third quarter revenues of $3.6 billion, up 6% year-over-year; gross profit of $582.2 million, flat year-over-year • Reported third quarter net income of $68.4 million, down 22% year-over-year ($1.92 earnings per”
John W. Harris III departed as Director at SONIC AUTOMOTIVE INC.
“On July 26, 2023, John W. Harris III, notified the Company of his decision to resign from the Board of Directors of the Company, effective as of August 31, 2023.”
SONIC AUTOMOTIVE INC reported second quarter ended June 30, 2023 results: revenue $3.7 billion, net income $23.4 million, EPS $0.65 earnings per diluted share. Guidance reaffirmed.
“All-time record quarterly revenues of $3.7 billion, up 4% year-over-year; quarterly gross profit of $568.9 million, down 3% year-over-year • Reported second quarter net income of $23.4 million, down 75% year-over-year ($0.65 earnings per diluted share, down 72% year-over-year)”
SONIC AUTOMOTIVE INC announced a restructuring with charges of ranging from $60.0 million to $80.0 million affecting EchoPark.
“Sonic expects to record an impairment charge ranging from $60.0 million to $80.0 million in the second quarter of 2023.”
SONIC AUTOMOTIVE INC shareholders approved Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to limit the personal liability of certain senior officers of the Company as permitted by recent amendments to the General Corporation Law of the State of Delaware at the 2023-05-15 meeting.
“(vi) approved the amendment to the Company’s Amended and Restated Certificate of Incorporation to limit the personal liability of certain senior officers of the Company as permitted by recent amendments to the General Corporation Law of the State of Delaware.”
SONIC AUTOMOTIVE INC shareholders approved Approval of the amendment and restatement of the Sonic Automotive, Inc. 2012 Formula Restricted Stock and Deferral Plan for Non-Employee Directors at the 2023-05-15 meeting.
“(v) approved the amendment and restatement of the Sonic Automotive, Inc. 2012 Formula Restricted Stock and Deferral Plan for Non-Employee Directors (the “2012 Formula Plan”);”
SONIC AUTOMOTIVE INC shareholders approved Advisory vote on the frequency of future advisory votes to approve the Company's named executive officer compensation at the 2023-05-15 meeting.
“(iv) voted, on an advisory basis, in favor of holding future advisory votes to approve the Company’s named executive officer compensation every year;”
SONIC AUTOMOTIVE INC shareholders approved Advisory vote to approve the Company’s named executive officer compensation in fiscal 2022 at the 2023-05-15 meeting.
“(iii) approved, on an advisory basis, the Company’s named executive officer compensation in fiscal 2022;”
SONIC AUTOMOTIVE INC shareholders approved Ratification of the appointment of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for fiscal 2023 at the 2023-05-15 meeting.
“(ii) ratified the appointment of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for fiscal 2023;”
SONIC AUTOMOTIVE INC shareholders approved Election of directors at the 2023-05-15 meeting.
“(i) elected all 10 of the Company’s nominees for director to serve for a term of one year or until their successors are duly elected and qualified;”
SONIC AUTOMOTIVE INC reported first quarter ended March 31, 2023 results: revenue $3.5 billion, net income $47.7 million, EPS $1.29 earnings per diluted share.
“automotive retailers, today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Summary • Record first quarter revenues of $3.5 billion, up 1% year-over-year; quarterly gross profit of $553.5 million, down 3% year-over-year • Reported first quarter net income of $47.7 million, down 51% year-over-year ($1.29”
SONIC AUTOMOTIVE INC engaged Grant Thornton LLP as its auditor.
“(b) As a result of the competitive process noted above, the Audit Committee has engaged Grant Thornton LLP (“Grant Thornton”) as the Company’s new independent registered public accounting firm, effective as of March 21, 2023. Grant Thornton’s engagement will be for the Company’s fiscal year ending December 31, 2023 and related interim periods.”
SONIC AUTOMOTIVE INC dismissed KPMG LLP as its auditor.
“on March 17, 2023, the Audit Committee approved the dismissal of KPMG as the Company’s independent registered public accounting firm, effective immediately”
SONIC AUTOMOTIVE INC reported fiscal year ended December 31, 2022 results: revenue $14.0 billion, net income $88.5 million ($2.23 earnings per diluted share), EPS $2.23 earnings per diluted share.
“Stock for an aggregate purchase price of approximately $35.8 million, or an average of $48.25 per share Full Year 2022 Financial Summary • All-time record annual revenues of $14.0 billion, up 13% year-over-year; all-time record annual gross profit of $2.3 billion, up 21% year-over-year • Reported full year net income of $88.5 million ($2.23 earnings per diluted”
SONIC AUTOMOTIVE INC reported fourth quarter and fiscal year ended December 31, 2022 results: revenue $3.6 billion, net income $190.9 million ($5.22 loss per diluted share), EPS $5.22 loss per diluted share.
“today reported financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Summary • All-time record quarterly revenues of $3.6 billion, up 13% year-over-year; record fourth quarter gross profit of $576.1 million, up 9% year-over-year • Reported fourth quarter net loss of $190.9 million ($5.22 loss per diluted”
SONIC AUTOMOTIVE INC amended Amendment with PNC Bank, National Association, as administrative agent, and the other financial institutions party thereto (effective 2022-11-17).
“On November 17, 2022, Sonic Automotive, Inc. (the “Company”) and certain of its subsidiaries entered into the Fourth Amendment to Credit Agreement and Lender Joinder (the “Amendment”) with PNC Bank, National Association (“PNC”), as administrative agent, and the other financial institutions party thereto.”
SONIC AUTOMOTIVE INC reported that prior financial statements should not be relied upon.
“Contemporaneously with this Current Report on Form 8-K, the Company intends to restate the unaudited condensed consolidated financial statements included in the Affected 10-Qs for the three months ended March 31, 2022 and the three and six months ended June 30, 2022, which were initially filed with the Affected 10-Qs, in order to correct the identified misstatements contained therein. The tables below reflect the sections of the Company’s unaudited condensed consolidated financial statements that were impacted by the error: Three Months Ended March 31, 2022 (Dollars in millions) As Reported Adjustments As Restated Revenues: Fleet new vehicles $ 148.6 $ (130.4) $ 18.2 Total new vehicles $ 1,499.9 $ (130.4) $ 1,369.5 Total vehicles $ 3,039.5 $ (130.4) $ 2,909.1 Total revenues $ 3,586.6 $ (130.4) $ 3,456.2 Cost of sales: Fleet new vehicles $ (147.8) $ 130.4 $ (17.4) Total new vehicles $ (1,”
SONIC AUTOMOTIVE INC reported third quarter ended September 30, 2022 results: revenue $3.4 billion, net income $87.3 million ($2.23 per diluted share), EPS $2.23 per diluted share.
“largest automotive retailers, today reported financial results for the third quarter and nine months ended September 30, 2022. Key Highlights • Record third quarter revenues of $3.4 billion, up 12% year-over-year; record third quarter gross profit of $580.7 million, up 23% year-over-year • Record third quarter net income of $87.3 million ($2.23 per diluted share) •”
B. Scott Smith was elected as Director at SONIC AUTOMOTIVE INC.
“Also on July 27, 2022, the Board of the Company elected B. Scott Smith, Co-Founder of the Company and a greater than 10% beneficial owner of the Company, to the Board to fill the vacancy created by the passing of O. Bruton Smith, effective that day, with a term expiring at the Company’s 2023 annual meeting of stockholders.”
David Bruton Smith was elected as Chairman of the Board at SONIC AUTOMOTIVE INC.
“On July 27, 2022, the Board of Directors (the “Board”) of Sonic Automotive, Inc. (the “Company”) elected David Bruton Smith, the Company’s Chief Executive Officer and a member of the Board, to also serve as Chairman of the Board, effective that day.”
Robert Heller departed as Director at SONIC AUTOMOTIVE INC.
“Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors”
Victor H. Doolan departed as Director at SONIC AUTOMOTIVE INC.
“Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors”
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.