0001299933-15-000957.txt : 20150616 0001299933-15-000957.hdr.sgml : 20150616 20150616163147 ACCESSION NUMBER: 0001299933-15-000957 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20150610 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150616 DATE AS OF CHANGE: 20150616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENSKE AUTOMOTIVE GROUP, INC. CENTRAL INDEX KEY: 0001019849 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 223086739 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12297 FILM NUMBER: 15934685 BUSINESS ADDRESS: STREET 1: 2555 TELEGRAPH RD CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48302-0954 BUSINESS PHONE: 248-648-2500 MAIL ADDRESS: STREET 1: 2555 TELEGRAPH RD CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48302-0954 FORMER COMPANY: FORMER CONFORMED NAME: UNITED AUTO GROUP INC DATE OF NAME CHANGE: 19960726 8-K 1 htm_52010.htm LIVE FILING Penske Automotive Group, Inc. (Form: 8-K)  

 


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)
     
Registrant’s 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
       
        Name: Shane M. Spradlin
        Title: Executive Vice President


Exhibit Index


     
Exhibit No.   Description

 
99.1
  Press Release
EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

     
FOR IMMEDIATE RELEASE
 
 
 

 
 

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 company’s 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 company’s 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 company’s accounting teams in the United States, Europe and Australia, which positions her well for success in her new role. Previously, Ms. Hulgrave’s 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 company’s 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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