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Asbury Automotive (NYSE: ABG) retains ex-exec on $27K a month

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K/A

Rhea-AI Filing Summary

Asbury Automotive Group, Inc. (ABG) filed an amendment describing a Consulting and Contractor Agreement with former executive Jed Milstein. Effective September 1, 2026, Milstein will provide consulting services through the end of 2026 to support a smooth transition, for a monthly fee of $27,083.33 in addition to amounts payable under his severance pay agreement. The agreement is dated August 31, 2026 and is filed as Exhibit 10.1.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Monthly consulting fee $27,083.33 per month Consulting services from September 1, 2026 through end of 2026
Consulting start date September 1, 2026 Start of consulting services under the Agreement
Agreement date August 31, 2026 Date of Consulting and Contractor Agreement with Jed Milstein
Consulting and Contractor Agreement financial
"entered into a Consulting and Contractor Agreement (the “Agreement”) with Mr."
severance pay agreement financial
"which amount is in addition to the amounts received under his severance pay agreement"
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

What did ABG disclose about Jed Milstein in this Form 8-K/A amendment?
ABG disclosed that former executive Jed Milstein entered into a Consulting and Contractor Agreement dated August 31, 2026, under which he will provide consulting services from September 1, 2026 through the end of 2026 to support a smooth transition.

How much will Asbury Automotive Group (ABG) pay Jed Milstein under the consulting agreement?
Under the Consulting and Contractor Agreement, ABG will pay Jed Milstein a monthly fee of $27,083.33 for consulting services through the end of 2026. This is in addition to the amounts he receives under his severance pay agreement.

What is the term of Jed Milstein’s consulting arrangement with ABG?
The consulting arrangement with ABG runs from September 1, 2026 through the end of 2026. During this period, Jed Milstein will provide consulting services to help ensure a smooth and orderly transition following the end of his employment relationship.

Is the full text of Jed Milstein’s Consulting and Contractor Agreement with ABG available?
Yes. The company states that the description is qualified in its entirety by reference to the full Consulting and Contractor Agreement, which is filed as Exhibit 10.1 and incorporated by reference.

Does ABG’s 8-K/A amendment change Jed Milstein’s severance pay agreement?
The amendment does not change the severance pay agreement. It states that the monthly consulting fee of $27,083.33 is in addition to the amounts Jed Milstein receives under his existing severance pay agreement.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No.1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 19, 2026 
Asbury Automotive Group, Inc.
(Exact name of registrant as specified in its charter)  
Delaware
(State or other jurisdiction of incorporation)  
001-3126201-0609375
(Commission File Number)(IRS Employer Identification No.)
6655 Peachtree Dunwoody Road
Atlanta,GA30328
(Address of principal executive offices)(Zip Code)
 
(770) 418-8200
(Registrant's telephone number, including area code)
None
(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:
Trading
Title of each classSymbol(s)Name of each exchange on which registered
Common stock, $0.01 par value per shareABGNew York Stock Exchange



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. ☐
























    


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced in the Current Report on Form 8-K filed by Asbury Automotive Group, Inc. (the “Company”) with the Securities and Exchange Commission on August 25, 2026, Jed Milstein’s employment relationship with the Company has ended. On August 31, 2026, the Company entered into a Consulting and Contractor Agreement (the “Agreement”) with Mr. Milstein. Under the Agreement, Mr. Milstein will provide consulting services to the Company starting September 1, 2026 through the end of 2026 to ensure a smooth and orderly transition, for a monthly amount of $27,083.33, which amount is in addition to the amounts received under his severance pay agreement. The foregoing description of the Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)    Exhibits.
 
The following exhibits are furnished as part of this report.
Exhibit No.  Description
10.1
Consulting and Contractor Agreement dated August 31, 2026
104Cover 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.
 
ASBURY AUTOMOTIVE GROUP, INC.
Date: August 31, 2026By:/s/ Dean A. Calloway
Name:Dean A. Calloway
Title:Senior Vice President, General Counsel & Secretary


Source: View Original Filing on SEC EDGAR

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