O'Reilly Automotive Solicits Proxies from the Shareholders
March 26, 2021 at 08:30 am EDT
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On March 26, 2021, O'Reilly Automotive, Inc. announced that it has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a proposal from John Chevedden requesting the Company board of directors take the steps necessary to enable as many shareholders as may be needed to combine their shares to equal 3% of the Company stock owned continuously for 3-years in order to enable shareholder proxy access at the Company’s annual general meeting of shareholders scheduled to be held on May 13, 2021.
O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).
O'REILLY AUTOMOTIVE, INC 
