On
January 26, 2009, Advance Auto Parts, Inc. (“Company”) announced that its Board
of Directors had appointed Jimmie L. Wade as the Company’s President, and Kevin
P. Freeland as the Company’s Chief Operating Officer, effective
immediately. Darren R. Jackson, who most recently served as President
and Chief Executive Officer, will continue to serve as the Company’s Chief
Executive Officer.
Mr. Wade,
54, who most recently served as the Company’s Executive Vice President, Customer
Development Officer, Commercial joined the Company in February 1994 and has held
his current position since February 2008. From May 2005 until
February 2008, Mr. Wade served as Executive Vice President, Business
Development. Mr. Wade was named President in October 1999 and was named Chief
Financial Officer in March 2000. He served as President and Chief Financial
Officer through August 2003 and served as President until May 2005. Mr. Wade
also served as Secretary from March 2000 until April 2001. Prior to 1993, Mr.
Wade was Vice President, Finance and Operations, for S. H. Heironimus, a
regional department store company. Mr. Wade is a certified
public accountant.
Mr.
Freeland, 51, who most recently served as the Company’s Executive Vice
President, Merchandising, Supply Chain and Information Technology, joined the
Company in February 2008. Before joining Advance, Mr. Freeland was the
President and Founder of Optimal Advantage, a boutique retail consulting firm,
from 2004 to 2008. Prior to establishing his own business, Mr. Freeland spent
eight years with Best Buy Co., Inc., a specialty retailer of consumer
electronics, office products, appliances and software, serving as its Vice
President of Inventory, Senior Vice President of Inventory and, ultimately,
President of the Musicland Division. Mr. Freeland also spent eight years at
Payless Shoe Source, a family footwear and accessories retail chain, in a
variety of merchandising positions, including his final position as Vice
President of Merchandise Distribution. For information regarding
certain transactions between the company and Mr. Freeland in connection with his
joining the company in February 2008, reference is made to the
Company’s 2008 Proxy Statement that was filed on April 9, 2008.
On
January 26, the Company also announced that Elwyn G. Murray III, Executive Vice
President, Customer Development Officer, DIY has resigned as an officer of the
Company, effective February 22, 2009. Mr. Murray will receive
severance benefits as provided in Mr. Murray’s employment agreement with the
Company. The terms of Mr. Murray’s employment agreement were
described in the Company’s Current Report on Form 8-K filed on June 4, 2008, and
a copy of the form agreement was filed as an Exhibit to the Company’s Current
Report on Form 8-K that was filed on June 4, 2008.
Item 7.01 Regulation FD
Disclosure.
On
January 26, 2009, the Company issued a press release announcing the
appointment of Jimmie L. Wade as President and Kevin Freeland as Chief Operating
Officer effective immediately. A copy of the press release is
attached as Exhibit 99.1 and furnished herewith.
(d)
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Exhibits.
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Exhibit
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Number
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99.1 |
Press
Release, dated January 26, 2009, issued by Advance Auto Parts,
Inc. |
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Note:
The information contained in Items 7.01 and 9.01 of this Current Report on
Form 8-K (including Exhibit 99.1) shall not be deemed to be “filed” for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section.
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.
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ADVANCE
AUTO PARTS, INC. |
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(Registrant) |
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Date: January
26, 2009 |
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/s/ Michael A.
Norona |
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(Signature)* |
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Michael
A. Norona |
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Executive
Vice President, Chief Financial Officer and
Secretary
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* Print
name and title of the signing officer under his signature.