This excerpt taken from the AN 8-K filed Feb 11, 2010.
About AutoNation, Inc.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is Americas largest automotive retailer and has been named Americas Most Admired Automotive Retailer by FORTUNE Magazine in five of the last seven years. A component of the Standard and Poors 500 Index, AutoNation owns and operates 246 new vehicle franchises in 15 states. For additional information, please visit http://corp.AutoNation.com or www.AutoNation.com.
This excerpt taken from the AN 8-K filed Oct 29, 2009.
About AutoNation, Inc.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is Americas largest automotive retailer. A component of the Standard and Poors 500 Index, AutoNation owns and operates 245 new vehicle franchises in 15 states. For additional information, please visit www.AutoNation.com, where more than 70,000 vehicles are available for sale.
This excerpt taken from the AN 8-K filed Jul 30, 2008.
(Exact Name Of Registrant As Specified In Its Charter)
110 S.E. 6th Street
Ft. Lauderdale, Florida 33301
(Address Of Principal Executive Offices, Including Zip Code)
Registrants Telephone Number, Including Area Code (954) 769-6000
(Former Name Or Former Address, If Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 30, 2008, the Board of Directors (the Board) of AutoNation, Inc. (the Company) appointed David B. Edelson, Senior Vice President of Loews Corporation (Loews), as a member of the Board effective immediately. The appointment increases the size of the Board to eight members. The Board determined that Mr. Edelson qualifies as independent under the independence standards set forth in the Companys Corporate Governance Guidelines and the applicable New York Stock Exchange listing standards.
Mr. Edelson will participate in the Companys non-employee director compensation program pursuant to which he will receive an annual fee of $25,000 for his service on the Board, plus $1,000 for each Board meeting attended in excess of four annually (and, to the extent he is appointed to a Board committee in the future, $1,000 for each committee meeting attended). These Board fees will be paid in cash, and the annual fee will be prorated based on the number of months served during the year. Mr. Edelson will also be eligible to receive an annual vehicle allowance of $22,500 to purchase or lease a vehicle in accordance with the Companys Director Vehicle Allowance Program (prorated based on number of months served during the year) and expense reimbursement in connection with Board and committee meeting attendance.
In accordance with the terms of the Companys 2007 Non-Employee Director Stock Option Plan (the Plan), on July 30, 2008, Mr. Edelson was automatically granted an option to purchase 50,000 shares of Company common stock at an exercise price of $10.43 per share, the closing price of a share of Company common stock on July 29, 2008. As a non-employee director, Mr. Edelson will also be eligible to receive an automatic annual grant of an option to purchase 20,000 shares of Company common stock on the first business day of each calendar year while the Plan is in effect. All options granted under the Plan vest immediately upon the date of grant and have an exercise price equal to the closing price of a share of Company common stock on the trading day immediately preceding the date of grant.
A copy of a press release issued by the Company announcing Mr. Edelsons appointment is attached as an exhibit hereto and incorporated herein by reference.
Exhibit 99.1 Press Release dated July 30, 2008 issued by AutoNation, Inc.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 30, 2008
INDEX TO EXHIBITS