Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On July 29, 2020, the Board of Directors (the "Board") of Sonic Automotive,
Inc. (the "Company") elected Keri A. Kaiser, Chief Marketing Officer and Chief
Experience Officer of Children's Health System of Texas, a clinically integrated
regional pediatric health care system serving primarily North Texas, to the
Board, effective that day, with a term expiring at the Company's 2021 annual
meeting of stockholders. The Board has not yet determined which committees of
the Board Ms. Kaiser will be appointed to serve on. There are no arrangements or
understandings between Ms. Kaiser and any other persons pursuant to which she
was selected as a director. There are no transactions involving the Company and
Ms. Kaiser that the Company would be required to disclose pursuant to Item
404(a) of Regulation S-K.
Ms. Kaiser will be entitled to receive compensation in accordance with the
Company's Director Compensation Policy for non-employee directors, a copy of
which was attached as Exhibit 10.11 to the Company's Quarterly Report on Form
10-Q for the quarter ended June 30, 2020. Specifically, in connection with her
election as a director, Ms. Kaiser received a grant of 3,882 restricted shares
of the Company's Class A Common Stock. Subject to Ms. Kaiser's continued service
on the Board, the restricted stock will vest in full on the first anniversary of
the grant date.
A copy of the press release announcing Ms. Kaiser's election is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release of Sonic Automotive, Inc., dated August 4, 2020 .
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
SONIC AUTOMOTIVE, INC. 
