autozone pay rate 2020
Restricted stock units and deferred shares are settled for shares of common stock on a. . . . . . . . . . That’s the only piece that I wonder if that might have a bit of a pull-forward. . . . . We intend to utilize our ongoing free cash flow to buy back stock and based on our view of the future, begin methodically utilizing some of the excess cash we currently have on our balance sheet. . . . . . The Compensation Committee is composed solely of independent, non-employee directors. There is simply too many remaining unknowns, will the federal government’s 300 hours enhanced unemployment benefit be sufficient? . . . . . . . The Compensation Committee has not delegated its authority to grant stock options; all grants are directly approved by the Compensation Committee. . . . Included in this quarter’s expenses were approximately $11 million related to emergency time-off and other COVID-related expenses. . . . . . . . Obviously, it’s very strong trend. . . . And if they don’t use it between now and the calendar year-end, we will pay them for those hours in January. . . The Compensation Committee reviews and approves base salaries for AutoZone's executive officers (other than the Chief Executive Officer) based on each executive officer's individual performance during the past fiscal year and on the recommendations of the Chief Executive Officer. The value of stock awards and option awards was determined as required by FASB ASC Topic 718. . Following the Effective Date, no further grants will be made under the Prior Plan. . . . With so many variables heading into the fall, we continue to manage the business literally from week to week and our field organization continues to do an outstanding job managing the business. No fractional Shares shall be issued and the Administrator shall determine, in its sole discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding down. Forward-looking statements are not guarantees of future performance and actual results, developments and business decisions may differ from those contemplated by such forward-looking statements, and events described above and in the "Risk Factors" could materially and adversely affect our business. . . . . . I would also like to thank our vendors for their ongoing commitment to our success. . . . . So I don’t think all miles driven are the same. . . . . . They will be sorely missed. . . . . William T. Giles. . . . Section 409A of the Internal Revenue Code was created with the passage of the American Jobs Creation Act of 2004. Your line is now open. We will be ready for a wide variety of economic environments and we have extraordinary people who are committed to servicing our customers and helping them get to work, go see their families, drive to a close vacation spot or get back into the school year. . . . . . . . . Mark A. Finestone. And so where we can find opportunities to invest back in the business, we are going to do that, and over time, retail and commercial prices will go up and down based on market conditions. . . Our focus is again on driving gross profit dollars. . If stock acquired upon exercise of an ISO is held for a minimum of two years from the date of the ISO grant and one year from the date of exercise and otherwise satisfies the ISO requirements, the gain or loss (in an amount equal to the difference between the fair market value on the date of disposition and the exercise price) upon disposition of. . . . . . . Such contributions are included under the "All Other Compensation" column for the NEOs in the Summary Compensation Table. We believe that with people having more time on their hands and many having more discretionary money due to the enhanced unemployment benefits often making more than they were making before or a lack of spending on entertainment type categories, customers are working on their, quote, project car, or doing that enhancement job they’ve been constantly putting off. . . . . The operating theme for AutoZone in 2021 is "AutoZone Strong" and it's all about our ability, as 1Team, to build upon our many successes and enduring culture to deliver second-to-none customer service, high quality parts and products and tremendous value for all our customers. . . . . We have got about 200 hubs today. . 8074, Memphis, Tennessee 38103. In connection with the occurrence of any Equity Restructuring, and notwithstanding anything to the contrary in Sections 13.2(a) and 13.2(b) hereof: The number and type of securities subject to each outstanding Award and/or the exercise price or grant price thereof, if applicable, shall be equitably adjusted. . . . . . . . I am extraordinarily proud of our team across the board for their commitment to servicing our customers, the motoring public, but doing so in a very safe manner. . We are planning interest at $48 million for the first quarter of fiscal ‘21 versus $43.7 million in last year’s quarter. . . What are the standing committees of AutoZone's Board? . Payment of a SAR may be in cash, shares or a combination of both. . . Such vesting may be based on service with the Company or any Affiliate, any of the Performance Criteria, or any other criteria selected by the Administrator. . . . . . . . Before we proceed to questions, we made some exciting organization announcements a few weeks ago. . . . . . . . . We have all built really strong sales forces and we are continuing to chip away at some of the competitive differentiation that was in the marketplace. . . . Next question is from Daniel Imbro with Stephens, Inc. . Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures. . . . . . . . During the Meeting: If you are a registered shareholder with a control number or a beneficial shareholder that has submitted a legal proxy and has received a control number from Computershare, you will be able to vote your shares electronically during the Annual Meeting by clicking on the "Cast Your Vote" link on the Meeting Center site. . . I don’t know. . . Broker non-votes occur when shares held by a brokerage firm are not voted with respect to a proposal because the firm has not received voting instructions from the beneficial owner of the shares and the firm does not have the authority to vote the shares in its discretion. . . . . So are those some failures that might have happened this coming winter when it got cold? . . . . . . A lot of the reasons we believe it’s been strong is because a lot of people park their vehicle for some extended period of time. . . So how do we think about that going forward? . . . . Your line is now open. . Our company proudly exists to serve the needs of our customers, the motoring public. . . Directors, Executive Officers and Corporate Governance . . . . . . . Enderson Guimaraes, 61, has been a director since 2012. . If not, the press release, along with our slides complementing our comments today, are available on our website,, under the Investor Relations link, please click on Quarterly Earnings Conference Calls to see them. . . . Dividend Equivalents. . But the follow-up is also on gross margin. . We feel our strong liquidity position heading into the fall months allows us immense flexibility when it comes to thoughtfully reinstituting our share repurchase program. . . Actual (as adjusted). . . . . . . It feels as though the miles driven is getting better each month, I mean, obviously, it was down maybe close to 10% back in July. . . . . . . In FY20, we began rolling out our new point-of sale systems with touch-screen capabilities. . . . . . . . . . • 60% of vested stock options (based on the "after tax in-the-money" value). The Compensation Committee reviews the Board's compensation on a regular basis to ensure that non-employee directors are reasonably compensated in relation to AutoZone's peer group companies (discussed in detail under Benchmarking) and to comparable U.S. companies in general. . . . As we said, we have 44 open today. . The vote on this proposal will, therefore, not affect any compensation already paid or awarded to any Named Executive Officer and will not overrule any decisions made by the Board or the Compensation Committee. . . . . . . . . . . . . . . . . . . . . Individual award agreements may provide for additional accelerated vesting and payment provisions if the Administrator so determines. . In fact, many of our stores in Brazil were focused or forced to be closed for weeks like our stores in Puerto Rico. . . Mr. Calbert joined the private equity firm KKR & Co. L.P. ("KKR") in January 2000. . Principal Accounting Fees and Services . . These extraordinary people have been thrown many, many curveballs in the last six months and they have met every challenge with tremendous ingenuity, courage, innovation and passion. . . . Thanks, Bill, and good morning, everyone. . The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing, In the event that the Option shall be exercised pursuant to Section 11.3 hereof by any person or persons other than the Participant, appropriate proof of the right of such person or persons to exercise the Option, as determined in the sole discretion of the Administrator; and. . . . Can you just discuss the DIY and commercial trends that you saw as you moved through the quarter? . . . . . . depending on his or her role. . . Regarding international growth in fiscal 2021, we plan to return to a more normalized store opening pace. Additionally, AutoZone did business with J.B. Hunt Transport Services, Inc., for which Ms. King is a member of the board of directors, during fiscal 2020 in arm's length transactions which were not, individually or cumulatively, material to either AutoZone or J.B. Hunt and which did not materially benefit Ms. King, either directly or indirectly. The other thing that we did was we didn’t lay off or furlough one single person, not one, as a result of the pandemic, and we kept our operations as normal as possible. . Back in the spring, there was a clear delineation between the hardest hit areas and the rest of the country. . Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. . . Understood. . With limited exceptions for estate planning, domestic relations orders, certain beneficiary designations and the laws of descent and distribution, awards under the Plan are generally nontransferable prior to vesting and are exercisable (as applicable) only by the participant.


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