Advance Auto Parts, Inc. filings document the regulatory record for a North American automotive aftermarket parts retailer serving professional installers and do-it-yourself customers. Proxy materials disclose board composition, director elections, executive compensation, equity awards, governance practices, and shareholder voting matters.
Current reports on Form 8-K record quarterly and annual operating results, guidance releases, board appointments and retirements, and material financing arrangements. Recent debt disclosures include a senior secured asset-based revolving credit facility, related collateral, borrowing-base mechanics, covenants, and default provisions tied to the company's receivables, inventory and other assets.
Advance Auto Parts insider filing shows routine tax-withholding on restricted stock units for CEO Shane M. O'Kelly. The Form 4 reports that on 09/18/2025 11,505 shares were disposed (withheld) at an indicated price of $60.12 to satisfy taxes upon vesting. After the withholding the reporting person beneficially owns 169,590 shares directly. The filing identifies O'Kelly as both a director and the company's President and CEO and is signed by an attorney-in-fact on his behalf. The filing notes the withheld shares relate to time-based restricted stock units granted on 09/18/2023 that vest in three equal annual installments.
Advance Auto Parts, Inc. entered into a new five-year senior secured first-lien asset-based revolving credit facility providing up to $1.0 billion of commitments, subject to a borrowing base. The facility is secured by substantially all accounts receivable, inventory, certain deposit accounts and related assets, and is guaranteed by subsidiaries that guarantee the company’s recent senior notes and certain Canadian subsidiaries.
The borrowing base is calculated using specified advance rates (90% of eligible credit card receivables, 85% of eligible trade receivables, 85% of eligible inventory liquidation value and 100% of qualified cash subject to limits) and customary reserves. Interest margins range from SOFR+1.25%–1.75% or alternate base rate + 0.25%–0.75%, with unused commitment fees of 0.25%–0.30%. The company also furnished a press release reporting its second-quarter financial results as an exhibit to the report.