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This excerpt taken from the AN 8-K filed Jun 1, 2006. Item 8.01 Other Events.
On June 1, 2006, AutoNation, Inc. (the "Company") issued a press release announcing that its Board of Directors has authorized the repurchase of up to an additional $250 million of the Company's common stock. A copy of the press release is attached as Exhibit 99.1 hereto and its contents are incorporated herein by reference. This excerpt taken from the AN 8-K filed May 12, 2006. Item 8.01 Other Events.
On May 10, 2006, Rick L. Burdick, a member of the Board of Directors of AutoNation, Inc. (the "Company"), entered into a Rule 10b5-1 Sales Plan (the "Plan") pursuant to which director stock options to purchase 42,157 shares of the Company's common stock held by Mr. Burdick will be exercised and the common stock acquired upon such exercise will be sold, in each case subject to the Company's common stock trading at a specified minimum price and subject to other terms and conditions set forth in the Plan. The Plan complies with the Company's insider trading policy and is intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
SIGNATURES 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.
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