8-K - Sonic Automotive, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

On February 11, 2026, the Compensation Committee of Sonic Automotive, Inc. established performance parameters for 2026 cash bonuses for three executive officers based on adjusted EPS goals and customer satisfaction objectives. Bonus amounts will be determined post-Performance Period by March 15, 2027.

Key Takeaways

1Compensation Committee action on February 11, 2026

2Performance period: January 1, 2026 to December 31, 2026

3Executives: David Bruton Smith (Chairman and CEO), Jeff Dyke (President), Heath R. Byrd (EVP and CFO)

4Metrics: adjusted earnings per share and customer satisfaction at dealerships

5Bonuses payable by March 15, 2027

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February

Management Change

Executive & Director Changes

David Bruton Smith

Chairman and Chief Executive Officer

Performance-based cash bonus parameters established

Effective: 2026-02-11

Jeff Dyke

President

Performance-based cash bonus parameters established

Effective: 2026-02-11

Heath R. Byrd

Executive Vice President and Chief Financial Officer

Performance-based cash bonus parameters established

Effective: 2026-02-11

Exhibits (1)

8-K