UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM
_________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
_______________________________
(Exact name of registrant as specified in its charter)
_______________________________
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
(
(Registrant's telephone number, including area code)
(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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On March 22, 2022, AutoZone, Inc. issued a press release announcing that its Board of Directors has authorized the repurchase of an additional $2.0 billion of the Company’s common stock in connection with its ongoing share repurchase program. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits.
Exhibit No. | Description | |
99.1 | Press Release dated March 22, 2022 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
AUTOZONE, INC. | ||
Date: March 22, 2022 | By: | /s/ Jamere Jackson |
Jamere Jackson | ||
Chief Financial Officer and Executive Vice President - Finance and Store Development | ||
EXHIBIT 99.1
AutoZone Authorizes Additional Stock Repurchase
MEMPHIS, Tenn., March 22, 2022 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors authorized the repurchase of an additional $2.0 billion of the Company’s common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone’s Board of Directors has authorized $31.2 billion in share repurchases.
“AutoZone’s continued strong financial performance allows us to grow our business, return meaningful amounts of cash to our shareholders and maintain our investment grade credit ratings,” said Jamere Jackson, Chief Financial Officer and Executive Vice President – Finance and Store Development. “We remain committed to our disciplined capital allocation policy to drive growth and enhance shareholder returns while maintaining adequate liquidity.”
About AutoZone:
As of February 12, 2022, the Company had 6,091 stores in the U.S., 669 stores in Mexico, and 55 stores in Brazil for a total store count of 6,815.
AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. We also have commercial programs in all stores in Mexico and Brazil. AutoZone also sells the ALLDATA brand automotive diagnostic, repair and shop management software through www.alldata.com. Additionally, we sell automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. We also provide product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation.
Contact Information:
Media: David McKinney, 901-495-7951, david.mckinney@autozone.com
Financial: Brian Campbell, 901-495-7005, brian.campbell@autozone.com
Cover |
Mar. 22, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Mar. 22, 2022 |
Entity File Number | 1-10714 |
Entity Registrant Name | AUTOZONE, INC. |
Entity Central Index Key | 0000866787 |
Entity Tax Identification Number | 62-1482048 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 123 South Front Street |
Entity Address, City or Town | Memphis |
Entity Address, State or Province | TN |
Entity Address, Postal Zip Code | 38103 |
City Area Code | 901 |
Local Phone Number | 495-6500 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.01 per share |
Trading Symbol | AZO |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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end
H/>9^Y'FI#2+Q-DRB5C0[E?H$#-0,Q%63N9
M!;U$UP$6.@ISO"%"^42!]=])2)+R.]B
MTX0B*>^6<\7]I_&.-.EIY2*O:I[U$EMG5M$#P"@H5HMG[^M.GNCG])(-V6+#
MOJH?Y=E#G1F@SKR6.63(^;#+CCR.+/1?RY3LZOEWQ[N_[%H<'63TE.F!"!7'0"Z3Z=,88%\19[Q9Z10RK?*"WN)#GA101STPNG"X_A$
MG>AX0EZ]=J [(#R9;Z@X$[7&\_7B-)/D=0!R,KQIP#L@.!EOJ#@3E<4WZRQ
M"/4P^$_!MVJ5;F2L$MY:H ,&P+Q!(YRN'+[9O6RL3K;65;I00G?! CMI4'_'
M.V7'OF^6FB1S A8@ 3@ XUOM00UMT 5':?*=6F&1GY7%U$PP50M!ZDJUVI%&
MY"%?/CA-D_/;W"LORSE
,G'CG0C
M\O]B.S
:N?AXSY?LS?9P-JCT@HQIU0K,418>+H:W/EAD@%S/R!"?F!0+JWO^
MP-EK0B-XR0S)O0 #F+92HVG#0\=NL(^?>D&LXKR.->6BO/>/1,G\C#)MD_8A
MIM2$!TG;6._@4JI](O' LARG_TZVG2?B=K$7/*R&K9"TE.&A8K/7!TP9@T20
MCQ/K"E=Y0\/Z*IE6[NX58(NMXRO C<(@(+ Y,E\!+J^>E"+7W2P9Y00#(T*[
MV%DG6TS5?=PH"Z.+34-Q=_UT+CXP]99G=)'YX9A1\0,"6N>AHRIWI;+P^B
MQP%3>J\7,E3H/%V-EQDF,OOPW2AS-K/K=NJ)7!4$T;NZ&V.:5N6.>_,WGN1B
MSW.VV>QH=9?']MP@H'/5RYTV58];14'T?I