Business Context and Reporting Period
Company: ADVANCE AUTO PARTS INC
Filing Type: Form 8-K (Current Report)
Date of Report: August 23, 2011
Event Date: August 23, 2011
This filing reports a corporate governance event regarding the departure of a senior officer and the elimination of a specific executive position.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure of Officer: Tamara A. Kozik resigned as Chief Development Officer.
- Position Elimination: The resignation occurred in conjunction with the elimination of the Chief Development Officer position.
- Transition Plan: Ms. Kozik is expected to remain in her current role through a transition period, with the resignation effective later in the year.
- Employment Status: Her employment agreement remains in place until the effective date of her resignation.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on future performance, risks, contingencies, or unusual items. The document is limited to the factual reporting of the officer's resignation.
Key Facts for Investor Verification
- Verify the exact effective date of Tamara A. Kozik's resignation, which is scheduled for a later date in 2011.
- Confirm the strategic rationale for eliminating the Chief Development Officer position.
- Monitor future filings for the appointment of a successor or the redistribution of the Chief Development Officer's responsibilities.