Business Context and Reporting Period
This Form 8-K Current Report was filed by Advance Auto Parts, Inc. on December 14, 2009, regarding an event that occurred on December 8, 2009. The filing pertains to corporate governance changes rather than financial performance.
Key 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 Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) and contains no financial data.
Material Changes
The material change reported is the election of a new member to the Board of Directors:
- Frances X. Frei was elected as a Director effective December 8, 2009.
- Ms. Frei is the UPS Foundation Professor of Service Management at Harvard Business School and Co-Founder of Concire Leadership Institute, LLC.
- The Board determined Ms. Frei is an independent director under NYSE listing standards.
- She was appointed to the Board's Nominating and Corporate Governance Committee.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the independence status of the newly elected director, Frances X. Frei, against current NYSE listing standards.
- Confirm the composition of the Nominating and Corporate Governance Committee following Ms. Frei's appointment.
- Review the company's most recent 10-K or 10-Q for financial metrics, as this 8-K contains none.