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) May 7, 2008
AUTONATION, INC.
(Exact Name Of Registrant As Specified In Its Charter)
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| DELAWARE
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1-13107
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73-1105145 |
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(State Or Other Jurisdiction
Of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
110 S.E. 6th Street
Ft. Lauderdale, Florida 33301
(Address Of Principal Executive Offices, Including Zip Code)
Registrant’s 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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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| Item 5.02 |
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 14, 2008, the Board of Directors of AutoNation, Inc. (“AutoNation” or the “Company”)
adopted and approved the AutoNation, Inc. 2008 Employee Equity and Incentive Plan (the “2008
Plan”), subject to stockholder approval. On May 7, 2008, AutoNation’s stockholders approved the
2008 Plan at the Company’s 2008 Annual Meeting of Stockholders.
The 2008 Plan will be administered by the Company’s Board of Directors, or a committee or
subcommittee of the Board of Directors. The 2008 Plan provides for the grant of stock options,
stock appreciation rights, restricted stock, restricted stock units and other stock-based and
cash-based awards to employees and independent contractors of the
Company and its affiliates. A maximum of 12,000,000
shares of AutoNation common stock (subject to adjustment as described in the 2008 Plan) may be
issued pursuant to awards granted under the 2008 Plan, provided that no more than 2,000,000 shares
may be issued pursuant to awards, other than options or stock appreciation rights, that are settled
in shares.
The foregoing summary description of the 2008 Plan is qualified in its entirety by reference
to the actual terms of the 2008 Plan, which is included as Exhibit 10.1 to this Current Report on
Form 8-K and incorporated herein by reference.
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| Item 9.01 |
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Financial Statements and Exhibits |
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| Exhibit No. |
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Description |
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10.1
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AutoNation, Inc. 2008 Employee Equity and Incentive Plan (incorporated by reference to
Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q as filed on April 25, 2008). |
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