Business Context and Reporting Period
This Form 8-K Current Report was filed by Asbury Automotive Group, Inc. on August 9, 2011, regarding an event that occurred on August 3, 2011. The filing addresses a change in the Company's senior management team.
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 personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the resignation of Bryan Hanlon, the Company's Controller and Chief Accounting Officer. Mr. Hanlon tendered his resignation effective August 26, 2011, citing a relocation out of state to be closer to family. Scott J. Krenz, Senior Vice President and Chief Financial Officer, has assumed the responsibilities of principal accounting officer on an interim basis.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No specific risks, contingencies, or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the effective date of Bryan Hanlon's resignation (August 26, 2011).
- Confirm Scott J. Krenz's interim role as principal accounting officer.
- Review subsequent filings for the appointment of a permanent Chief Accounting Officer.