AUTOZONE INC : Change in Directors or Principal Officers (form 8-K)
September 02, 2022 at 04:32 pm EDT
Share
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 2, 2022, AutoZone, Inc. (the "Company") announced that Seong K. Ohm
will be leaving the Company, effective October 31, 2022. Ms. Ohm shall be paid
her current base salary for a period of 18 months, subject to the execution and
non-revocation of a customary release of claims. Ms. Ohm will also receive a
bonus for the 2022 fiscal year at the time such bonuses are paid. If Ms. Ohm
elects COBRA coverage, she will be paid an additional amount sufficient to cover
the difference between her current premium payments for group health insurance
and the premium payments pursuant to COBRA during the 18-month period. Ms. Ohm
has also agreed to not compete with AutoZone or hire any AutoZone employee
during the 18-month period following separation.
AutoZone, Inc. specializes in distributing automotive spare parts and accessories. The group offers compressors, batteries, carburetors, clutches, des rotors, des motors, fuel pumps, etc. Net sales break down by activity as follows:
- retail and professional distribution (98.2%): sale of spare parts primarily to garages and service stations;
- other (1.8%): sales of diagnostic and maintenance software (name Alldata), and an e-commerce division.
At the end of August 2023, AutoZone, Inc. had a network of 7,140 stores located in the United States and Puerto Rico (6,300), Mexico (740) and Brazil (100).
AUTOZONE, INC. 
