UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | June 10, 2015 |
Penske Automotive Group, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-12297 | 22-3086739 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
2555 Telegraph Road, Bloomfield Hills, Michigan | 48302 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 248-648-2500 |
Not Applicable
______________________________________________
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Item 5.02(b) Resignation of Principal Financial Officer
On June 10, 2015, David Jones announced his intention to voluntarily resign as our Executive Vice President and Chief Financial Officer effective June 16, 2015 to accept a similar position at another company. Mr. Jones will remain with the Company through June 30, 2015 in an advisory capacity.
Item 5.02(c) Appointment of Principal Financial Officer
On June 16, 2015, J.D. Carlson, our current Senior Vice President and Corporate Controller, was promoted to the position of Executive Vice President and Chief Financial Officer. Mr. Carlson, age 45, has served as our Senior Vice President and Corporate Controller since May 2011, and previously served as our Vice President and Controller since April 2006. Prior to joining us, Mr. Carlson was Corporate Controller for Tecumseh Products. He was previously a Senior Manager for PricewaterhouseCoopers, an accounting and financial advisory services firm, which he joined in 1995. In connection with his appointment, Mr. Carlson’s salary was increased to $475,000 and he was awarded 2,500 shares of restricted stock vesting over a four year period.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release
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.
Penske Automotive Group, Inc. | ||||
June 16, 2015 | By: |
/s/ Shane M. Spradlin
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Name: Shane M. Spradlin | ||||
Title: Executive Vice President |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release |
FOR IMMEDIATE RELEASE
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PENSKE AUTOMOTIVE APPOINTS NEW CHIEF FINANCIAL OFFICER
BLOOMFIELD HILLS, MI, June 16, 2015 Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that J.D. Carlson, the companys Senior Vice President and Corporate Controller, has been named Executive Vice President and Chief Financial Officer, effective immediately. Mr. Carlson replaces David K. Jones, who has resigned from his role as Executive Vice President and Chief Financial Officer to accept a similar position with another company. Mr. Jones will remain with the company through June 30, 2015, in an advisory capacity.
Mr. Carlson joined Penske Automotive in 2006 as Vice President and Corporate Controller. In May 2011, he was promoted to Senior Vice President and Corporate Controller and was named our principal accounting officer. Mr. Carlson has a strong operational and technical background in finance and accounting and will be responsible for all aspects of the companys financial operations. His experience and tenure with the Penske Automotive organization will maintain the integrity and discipline of our worldwide financial operations and provide a solid foundation for success in this new role.
The company also announced the promotion of Shelley Hulgrave from Corporate Accounting Manager, a position she has held since October 2006, to Corporate Controller. Since joining the company in 2006, Ms. Hulgrave has taken on increasing roles and responsibilities, including coordination with the companys accounting teams in the United States, Europe and Australia, which positions her well for success in her new role. Previously, Ms. Hulgraves work experience included five years with the accounting firm of Ernst & Young where she served as an Audit Manager.
About Penske Automotive
Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs more than 22,000 people worldwide and is a member of the Fortune 500 and Russell 2000. For additional information, visit the companys website at www.penskeautomotive.com.
Find a vehicle: http://www.penskecars.com
Engage Penske Automotive: http://www.penskesocial.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/#!/Penskecarscorp
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars
Inquiries should contact:
J.D. Carlson Executive Vice President and Chief Financial Officer Penske Automotive Group, Inc. 248-648-2810 jcarlson@penskeautomotive.com |
Anthony R. Pordon Executive Vice President Investor Relations and Corporate Development Penske Automotive Group, Inc. 248-648-2540 tpordon@penskeautomotive.com |
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