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
October 19, 2005
Date of Report
(Date of earliest event reported)
AUTOZONE, INC.
(Exact name of registrant as specified in its charter)
|
Nevada |
1-10714 |
62-1482048 |
123 South Front Street
Memphis, Tennessee 38103
(Address of principal executive offices) (Zip Code)
(901) 495-6500
Registrant's telephone number, including area code
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)
[ ] Precommencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Precommencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
The information set forth under Item 5.02 below is incorporated into this Item 1.01 by reference.
Item 1.02. Termination of a Material Definitive Agreement.
The information set forth under Item 5.02 below is incorporated into this Item 1.02 by reference.
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On October 19, 2005, AutoZone, Inc. (the "Company") announced that Robert D. Olsen has been promoted to Executive Vice President, Supply Chain, Information Technology, Store Development and Mexico, and Harry L. Goldsmith has been promoted to Executive Vice President, General Counsel and Secretary with primary responsibility for the Company's legal affairs and loss prevention programs.
Mr. Olsen, 52, had been Senior Vice President - Mexico and Store Development of the Company. He was elected Senior Vice President in fiscal 2000. From 1993 to 2000, Mr. Olsen was Executive Vice President and Chief Financial Officer of Leslie's Poolmart. From 1985 to 1989, he held several positions with AutoZone, including Controller, Vice President-Finance, and Senior Vice President and Chief Financial Officer.
Mr. Goldsmith, 54, had been Senior Vice President, Secretary and General Counsel of the Company since 1996. He was Vice President, General Counsel and Secretary of the Company from 1993 to 1996.
The Company also announced that Michael E. Longo has resigned as Executive Vice President, Supply Chain, Information Technology, Mexico & Store Development effective October 28, 2005. The Company and Mr. Longo have entered into an agreement dated October 19, 2005, pursuant to which Mr. Longo's employment will terminate on October 28, 2005, and he will continue to receive his current salary for two years after such date and will receive a prorated bonus for the 2006 fiscal year at the time such bonuses are paid. If Mr. Longo elects COBRA coverage, he also will receive an additional amount sufficient to cover the difference between his current premium payments for group health insurance and the premium payments pursuant to COBRA. The agreement also provides that Mr. Longo will not compete with AutoZone or hire any AutoZone employee during the two-year period. The Employment and Non-Compete Agreement dated August 31, 1999, between Mr. Longo and the Company was terminated effective October 19, 2005.
The press release announcing the organizational changes described above is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
The following exhibit is filed with this Current Report pursuant to Item 5.02:
(c) Exhibit 99.1 Press Release dated October 19, 2005.
SIGNATURES
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.
AUTOZONE, INC.
By: /s/ Harry L. Goldsmith
Harry L. Goldsmith
Executive Vice President, General Counsel & Secretary
Dated: October 20, 2005
EXHIBIT INDEX
99.1 Press Release dated October 19, 2005.
AutoZone Announces Promotions
MEMPHIS, Tenn. Oct. 19, 2005 (PRIMEZONE) -- AutoZone, Inc. (NYSE:AZO), the nation's leading auto parts retailer, today announced key organizational changes. Effective immediately, Bob Olsen has been promoted to Executive Vice President, Supply Chain, IT, Mexico and Store Development. Mr. Olsen had been Senior Vice President, Store Development and Mexico. Also, Harry Goldsmith, currently Senior Vice President, General Counsel, and Secretary has been promoted to Executive Vice President, General Counsel, and Secretary. In addition, Tim Briggs, currently Vice President, Human Resources has been promoted to Senior Vice President, Human Resources.
"Bob, Harry and Tim are seasoned leaders who will strengthen our team for the future," said Bill Rhodes, President and CEO of AutoZone. "I am pleased with our management's efforts thus far, and our team is excited about driving forward into 2006."
At the same time, the company announced the resignations of Mike Longo, Executive Vice President, Supply Chain, IT, Mexico and Store Development and Daisy Vanderlinde, Senior Vice President, Human Resources and Loss Prevention.
"Mike and Daisy have made tremendous contributions toward AutoZone's success and we wish them the very best in their future endeavors," Rhodes said.
The company also announced it has retained the search firm Korn/Ferry International to fill the previously announced Chief Financial Officer vacancy.
About AutoZone:
As of August 27, 2005, AutoZone sells auto and light truck parts, chemicals and accessories through 3,592 AutoZone stores in the United States and 81 AutoZone stores in Mexico and also sells the ALLDATA brand automotive diagnostic and repair software. On the web, AutoZone sells diagnostic and repair information and auto and light truck parts through www.autozone.com.
The AutoZone logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1759
CONTACT: AutoZone
Media:
Ray Pohlman
901-495-7962
ray.pohlman@autozone.com
Financial:
Brian Campbell
901-495-7005
brian.campbell@autozone.com