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Genuine Parts logoGenuine Parts GPC

Genuine Parts said shareholders elected Laurie Schupmann as a new director. The company said Gary Fayard, Johnny Johns, Betsy Camp and Wendy Needham reached the board's mandatory retirement age and stepped down as directors.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Genuine Parts said shareholders elected Laurie Schupmann as a new director. The company said Gary Fayard, Johnny Johns, Betsy Camp and Wendy Needham reached the board's mandatory retirement age and stepped down as directors.

  2. Genuine Parts said Schupmann worked at PwC for nearly 40 years before retiring in 2023, serving as a Global Client Partner from October 1995 to June 2023. Non-Executive Chairman Paul Donahue cited her financial and accounting background and leadership expertise.

  3. Genuine Parts said it voted on 5 proposals at its annual shareholder meeting on April 28, 2025, including the election of directors. The advisory say-on-pay vote (Proposal 2), the charter amendment (Proposal 3) and the approval of Ernst & Young LLP as auditor (Proposal 4) passed, while the shareholder proposal seeking a report on the effectiveness of diversity, equity and inclusion efforts (Proposal 5) was rejected.

  4. Genuine Parts said its board declared a regular quarterly cash dividend of one dollar and three cents ($1.03) per common share on April 28, 2025. The dividend is payable on July 2, 2025 to shareholders of record on June 6, 2025.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Laurie Schupmann Elected as Director and 4 Directors Retire

Genuine Parts said shareholders elected Laurie Schupmann as a new director. The company said Gary Fayard, Johnny Johns, Betsy Camp and Wendy Needham reached the board's mandatory retirement age and stepped down as directors.

Source · Based on the filing body and exhibits

Schupmann's PwC Career and Company Welcome

Genuine Parts said Schupmann worked at PwC for nearly 40 years before retiring in 2023, serving as a Global Client Partner from October 1995 to June 2023. Non-Executive Chairman Paul Donahue cited her financial and accounting background and leadership expertise.

Source · Based on the filing body and exhibits

Results of 2025 Annual Shareholder Meeting on 5 Proposals

Genuine Parts said it voted on 5 proposals at its annual shareholder meeting on April 28, 2025, including the election of directors. The advisory say-on-pay vote (Proposal 2), the charter amendment (Proposal 3) and the approval of Ernst & Young LLP as auditor (Proposal 4) passed, while the shareholder proposal seeking a report on the effectiveness of diversity, equity and inclusion efforts (Proposal 5) was rejected.

Source · Based on the filing body and exhibits

Declares Regular Quarterly Cash Dividend of One Dollar and Three Cents per Share

Genuine Parts said its board declared a regular quarterly cash dividend of one dollar and three cents ($1.03) per common share on April 28, 2025. The dividend is payable on July 2, 2025 to shareholders of record on June 6, 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.