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8-K Form - Current report, items 5.02 and 9.01 - ASBURY AUTOMOTIVE GROUP INC (0001144980) (Filer)

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false0001144980 0001144980 2019-10-10 2019-10-10


 
 
 
 
 
 
 
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
 
FORM 8-K
 
 
 
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 10, 2019 
 
 
 
Asbury Automotive Group, Inc.
(Exact name of registrant as specified in its charter)  
 
 
 
 
Delaware
(State or other jurisdiction of incorporation)  
001-31262
 
01-0609375
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
 
 
 
2905 Premiere Parkway NW Suite 300
 
 
 
Duluth,
GA
 
30097
 
(Address of principal executive offices)
 
(Zip Code)
 
 
(770) 418-8200
(Registrant's telephone number, including area code)
None
(Former name or former address, if changed since last report)  
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
 
 
Trading
 
 
Title of each class
 
Symbol(s)
 
Name of each exchange on which registered
Common stock, $0.01 par value per share
 
ABG
 
New York Stock Exchange






Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 10, 2019, Mr. Sean Goodman, Senior Vice President & Chief Financial Officer of Asbury Automotive Group, Inc. (the "Company") provided notice of his intention to resign from the Company effective November 15, 2019, to accept the position of Chief Financial Officer of another publicly-traded company outside of the auto retail industry.  The Company has commenced a national search for the Chief Financial Officer position.

On October 11, 2019, Mr. William Stax, Vice President, Corporate Controller & Chief Accounting Officer (“CAO”) of the Company, was appointed to serve as Interim Principal Financial Officer of the Company effective November 16, 2019. Mr. Stax will continue to serve as Vice President, Corporate Controller & CAO during his tenure as Interim Principal Financial Officer.

Item 9.01 Financial Statements and Exhibits.
(d)    Exhibits.
 
The following exhibits are furnished as part of this report.
 
Exhibit No.
  
Description
 
 
 
 
 
 
Press Release, dated October 11, 2019.
 





SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
ASBURY AUTOMOTIVE GROUP, INC.
 
 
 
 
Date: October 11, 2019
By:
 
/s/    George A Villasana
 
Name:
 
George A. Villasana
 
Title:
 
Senior Vice President and General Counsel & Secretary




Comments

TimWJackson-profile-image
Tim Jackson CAE @TimWJackson - 4 hours ago
RT @Cliff_Banks: Lithia Motors stock on fire - up more than $22.50 (17.29%) a share to more than $152 today. Asbury $ABG is the only other…
BanksReport-profile-image
The Banks Report @BanksReport - 6 hours ago
RT @Cliff_Banks: Lithia Motors stock on fire - up more than $22.50 (17.29%) a share to more than $152 today. Asbury $ABG is the only other…
Cliff_Banks-profile-image
Cliff Banks @Cliff_Banks - 6 hours ago
Lithia Motors stock on fire - up more than $22.50 (17.29%) a share to more than $152 today. Asbury $ABG is the only… https://t.co/8rFqQhbXHL
Tickeron-profile-image
Tickeron @Tickeron - 6 hours ago
$ABG enters an Uptrend because Momentum Indicator exceeded the 0 level on October 15, 2019. View odds for this and… https://t.co/2AgKXHawbI
vonbaltasar-profile-image
vonbaltasar @vonbaltasar - 11 hours ago
RT @eWhispers: #earnings scheduled before the open tomorrow https://t.co/lObOE0dgsr $MCD $LMT $PG $UPS $BIIB $UTX $HAS $JBLU $CNC $SHW…
AmericanBanking-profile-image
US Banking News @AmericanBanking - 12 hours ago
JPMorgan Chase & Co. Trims Asbury Automotive Group $ABG Target Price to $99.00 https://t.co/jBuDBUgkOs #stocks
paynej247-profile-image
Time=Best Stock @paynej247 - 13 hours ago
RT @eWhispers: Bigger-than-usual #earnings #moves today from $TACO $SERV $HAS $HLX $ABG $TRV $CNC $PII $FBP $KMB $HOG $ZION $HMST $MCD $JBL…
jill84957046-profile-image
jill @jill84957046 - 13 hours ago
RT @eWhispers: Bigger-than-usual #earnings #moves today from $TACO $SERV $HAS $HLX $ABG $TRV $CNC $PII $FBP $KMB $HOG $ZION $HMST $MCD $JBL…
SwingTradeBot-profile-image
SwingTradeBot @SwingTradeBot - 14 hours ago
50 DMA Resistance today: $NTEC $ABG $EXPI $MSTR $UUUU $AMCR ... https://t.co/mnYaiRq1wk
AnalystWire-profile-image
SIAnalystWire @AnalystWire - 15 hours ago
Asbury Automotive Group $ABG PT Raised to $101 at Wolfe Research https://t.co/MQk80lr5YU
StockflareUS-profile-image
Stockflare US Page @StockflareUS - 15 hours ago
$ABG: Asbury Automotive Group, Inc. has fallen to a 2 star rating. Here is a list of its peers that are 4+ star sto… https://t.co/UgkS2lmh0Q
StockflareUS-profile-image
Stockflare US Page @StockflareUS - 15 hours ago
$ABG: The target price for Asbury Automotive Group, Inc. of $98.0 is now above that latest price of $96.64. (https://t.co/9k43lOOstY)
StockflareUS-profile-image
Stockflare US Page @StockflareUS - 15 hours ago
$ABG: The earnings of Asbury Automotive Group, Inc. are now forecast to decline. (https://t.co/9k43lOOstY)
StockflareUS-profile-image
Stockflare US Page @StockflareUS - 15 hours ago
$ABG: Asbury Automotive Group, Inc. has lost a star, now a 2 star stock. (https://t.co/9k43lOOstY)
IRAMarketReport-profile-image
IRA Market Report @IRAMarketReport - 15 hours ago
Asbury Automotive Group $ABG Announces Earnings Results, Beats Estimates By $0.01 EPS https://t.co/K9fIIcldtY #markets