Business Context and Reporting Period
This Form 8-K Current Report was filed by Advance Auto Parts, Inc. on September 14, 2004, covering events occurring on September 8 and September 10, 2004. The filing addresses significant changes in corporate governance and executive leadership.
Key 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
- Board Appointment: On September 8, 2004, the Board of Directors appointed Michael N. Coppola as a new director. Mr. Coppola has been with the company since February 2001 and currently serves as Executive Vice President and Chief Operating Officer.
- Executive Transition: On September 10, 2004, the company announced that Chairman and CEO Lawrence P. Castellani will retire as Chief Executive Officer effective May 19, 2005, following the annual stockholders' meeting. He will remain Chairman of the Board.
- Succession Plan: Michael N. Coppola has been designated to succeed Mr. Castellani as Chief Executive Officer upon his retirement.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook projections, or specific risk factors. The primary disclosure relates to the orderly transition of executive leadership. The press release detailing these changes is attached as Exhibit 99.1 and is incorporated by reference.
Investor Verification Checklist
- Verify the exact effective date of Lawrence P. Castellani's retirement as CEO (May 19, 2005).
- Confirm Michael N. Coppola's current tenure and role as Executive Vice President and COO.
- Review the full text of the press release (Exhibit 99.1) for additional context on the leadership transition.
- Note that this filing does not include financial results; refer to the most recent 10-Q or 10-K for financial metrics.