Business Context and Reporting Period
This Form 8-K Current Report was filed by O'Reilly Automotive, Inc. on July 10, 2026. The filing reports a corporate governance event regarding the appointment of a new senior executive officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and appointment details.
Material Changes
The primary material change reported is the appointment of Colin Yankee as Executive Vice President and Chief Supply Chain Officer, effective July 13, 2026. Mr. Yankee will oversee merchandise, inventory management, distribution operations, and transportation.
Management Commentary and Compensation Details
- Role: Executive Vice President and Chief Supply Chain Officer.
- Experience: Mr. Yankee brings over 20 years of retail supply chain experience, most recently serving as EVP and Chief Supply Chain Officer at Tractor Supply Company since February 2020.
- Base Salary: $700,000 annually.
- Annual Incentive: Target of 85% of base salary, based on company performance criteria.
- Stock Options:
- Annual grant with estimated future fair value of 100% of base salary.
- Position level grant with a grant-date fair value of $500,000, to be awarded on July 13, 2026.
- Severance: A change in control severance agreement has been entered into with terms consistent with other executive officers.
Investor Verification Checklist
- Verify the effective start date of July 13, 2026, for the new Chief Supply Chain Officer.
- Confirm the total initial compensation package value, including the $500,000 grant-date fair value stock option award.
- Review the specific performance criteria for the annual incentive plan to understand payout conditions.
- Check for any subsequent filings regarding the vesting schedule of the stock option awards.