Business Context and Reporting Period
This Form 8-K Current Report was filed by Advance Auto Parts, Inc. on August 22, 2003, covering events occurring on August 19 and August 20, 2003. The filing serves as a disclosure under Regulation FD regarding a significant transaction involving a major shareholder.
Key Financial Metrics
The filing text does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a corporate governance and ownership event.
Material Changes
- Shareholder Transaction: FS Equity Partners IV, L.P., an investment fund controlled by Freeman Spogli & Co. LLC, sold 1.5 million shares of Advance Auto Parts, Inc. common stock.
- Transaction Timing: The sale was completed after the close of business on August 19, 2003.
- Disclosure: The company issued a press release on August 20, 2003, to announce this transaction.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, operational outlook, or specific risk factors. It includes a standard legal disclaimer stating that the information in this report (including the attached press release) is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section.
Investor Verification Checklist
- Verify the current ownership percentage of FS Equity Partners IV, L.P. following the sale of 1.5 million shares.
- Review the attached Exhibit 99.1 (Press Release dated August 20, 2003) for details on the transaction price and remaining holdings.
- Check subsequent filings to determine if this sale was part of a larger divestiture plan by the investment fund.