Business Context and Reporting Period
This Form 8-K Current Report was filed by Asbury Automotive Group, Inc. on January 13, 2005, covering events occurring on January 10, 2005. The filing addresses a change in the composition of the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance matters and contains no financial performance data.
Material Changes
The material change reported is the resignation of Thomas C. Israel from the Board of Directors. Mr. Israel, a Class I Director since April 2002 who served on the Compensation and Audit Committees, will resign effective at the 2005 Annual Meeting of Stockholders. His term was originally scheduled to expire at the 2006 Annual Meeting, but he is stepping down early due to other time commitments.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document focuses solely on the director's departure.
Key Facts for Investor Verification
- Thomas C. Israel is resigning from the Board of Directors effective at the 2005 Annual Meeting.
- Mr. Israel served on the Compensation Committee and Audit Committee since April 2002.
- The resignation is attributed to other commitments on his time.
- The filing was signed by Kenneth B. Gilman, President and Chief Executive Officer.