On February 9, 2022, each of 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 (the “Board”) at the 2022 annual meeting of the Company's stockholders (the “2022 Annual Meeting of Stockholders”). Mr. Doolan's and Mr. Heller's terms as members of the Board will end on the date of the 2022 Annual Meeting of Stockholders. On February 9, 2022, the Board increased the size of the Board from eleven to twelve directors and elected Michael Hodge, Executive Vice President, Finance and Chief Accounting Officer of Speedway Motorsports, Inc., to the Board, effective that day, with a term expiring at the 2022 Annual Meeting of Stockholders.
Sonic Automotive, Inc. is an automotive retailer in the United States. The Company operates through three segments. The Franchised Dealerships segment provides comprehensive sales and services, including sales of both new and used cars and light trucks; sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services, collectively, Fixed Operations; and arrangement of third-party financing, extended warranties, service contracts, insurance, and other aftermarket products, collectively, finance and insurance (F&I) for its guests. The EchoPark segment sells used cars and light trucks and arranges third-party F&I product sales for its guests in pre-owned vehicle specialty retail locations. The Powersports segment offers guests sales of both new and used powersports vehicles, such as motorcycles, personal watercraft, and all-terrain vehicles; Fixed Operations activities; and F&I services.
SONIC AUTOMOTIVE, INC. 
