Monro (MNRO) extends AlixPartners engagement to Nov. 2025 with $6.4M fee

Rhea-AI Filing Summary

Monro, Inc. entered into an amendment to its existing consulting agreement addendum with AlixPartners, LLP to continue work on its operational improvement plan. The amendment extends AlixPartners’ engagement to November 1, 2025 for the next implementation phase and provides for an aggregate fee of $6.4 million for services covering store operations and selling effectiveness, marketing and pricing, merchandising and inventory management, and customer segmentation. The underlying consulting agreement and first addendum otherwise remain in effect. The filing also notes that President and Chief Executive Officer Peter Fitzsimmons is a partner and managing director of AlixPartners and that he serves as CEO under a separate engagement letter with an AlixPartners affiliate.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

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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): August 18, 2025

MONRO, INC.

(Exact name of registrant as specified in its charter)

New York		0-19357		16-0838627
(State of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

295 Woodcliff Drive, Suite 202, Fairport, New York				14450
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s telephone number, including area code (800) 297-9886

Not Applicable

(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):

☐ 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:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $.01 per share		MNRO		The Nasdaq Stock Market

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 1.01 Entry into a Material Definitive Agreement.

On August 18, 2025, Monro, Inc. (the “Company”) entered into an amendment (the “Amendment”) to the first addendum (the “First Addendum”) under the consulting agreement with AlixPartners, LLP (“AlixPartners”). As previously disclosed, the Company is pursuing an operational improvement plan in consultation with AlixPartners. Under the Amendment, the Company extended the engagement of AlixPartners to November 1, 2025 for the next phase of implementation of the operational improvement plan. The Company will pay AlixPartners an aggregate fee of $6.4 million for the services outlined in the Amendment, which include store operations and selling effectiveness, marketing and pricing, merchandising and inventory management, and customer segmentation. Except as amended by the Amendment, the terms of the consulting agreement as amended by the First Addendum with AlixPartners remain in full force and effect.

The Company’s President and Chief Executive Officer, Peter Fitzsimmons, also serves as a partner and managing director of AlixPartners. As previously disclosed, Mr. Fitzsimmons serves as the Company’s President and Chief Executive Officer under an engagement letter between the Company and AP Services, LLC, an affiliate of AlixPartners.

The Company intends to file the Amendment as an exhibit to its next Quarterly Report on Form 10-Q.

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.

				MONRO, INC.
				(Registrant)
August 22, 2025				By:		/s/ Maureen E. Mulholland
						Maureen E. Mulholland
						Executive Vice President – Chief Legal Officer and Secretary

FAQ

What did Monro, Inc. (MNRO) disclose in this 8-K?

Monro, Inc. disclosed that it entered into an amendment to the first addendum of its consulting agreement with AlixPartners, LLP, extending the firm’s engagement to November 1, 2025 for the next phase of its operational improvement plan.

How much will Monro, Inc. pay AlixPartners under the amended agreement?

Under the amendment, Monro, Inc. will pay AlixPartners an aggregate fee of $6.4 million for services related to store operations and selling effectiveness, marketing and pricing, merchandising and inventory management, and customer segmentation.

What is the relationship between Monro’s CEO and AlixPartners?

The filing states that Peter Fitzsimmons, Monro’s President and Chief Executive Officer, also serves as a partner and managing director of AlixPartners, and that he serves as CEO of Monro under an engagement letter between the Company and AP Services, LLC, an affiliate of AlixPartners.

Did the amendment change other terms of Monro’s consulting agreement with AlixPartners?

Apart from the changes described in the amendment, the terms of the consulting agreement as amended by the first addendum with AlixPartners remain in full force and effect, according to the disclosure.

What areas will AlixPartners’ work focus on for Monro, Inc.?

AlixPartners’ services under the amendment include store operations and selling effectiveness, marketing and pricing, merchandising and inventory management, and customer segmentation as part of Monro’s operational improvement plan.

Will the amendment with AlixPartners be publicly filed?

Monro, Inc. stated that it intends to file the amendment as an exhibit to its next Quarterly Report on Form 10-Q.