8-K

 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): September 1, 2021

ADVANCE AUTO PARTS, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-16797	54-2049910
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2635 East Millbrook Road, Raleigh, North Carolina 27604

(Address of principal executive offices) (Zip Code)

(540) 362-4911

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol	Name of each exchange on which registered
Common Stock, $0.0001 par value	AAP	New York Stock Exchange

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))

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. ☐

INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On and effective September 1, 2021, the Board of Directors (the “Board”) of Advance Auto Parts, Inc. (the “Company”) appointed Sherice R. Torres to the Board. The Board has not yet determined on which committee(s) Ms. Torres will serve. There is no arrangement or understanding with any person pursuant to which Ms. Torres was appointed as a director, and she will receive compensation for service as a director in accordance with the Company’s policy for compensation of non-employee directors.

In connection with her appointment to the Board, Ms. Torres is expected to enter into the Company’s standard form of indemnification agreement, a copy of which is filed as Exhibit 10.1 to the Company’s Annual Report on Form 10-K and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On September 1, 2021, the Company issued a press release regarding the appointment of Ms. Torres to the Board, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number
99.1	Press release issued on September 1, 2021
101.1	Pursuant to Rule 406 of Regulation S-T, the cover page to this Current Report on Form 8-K is formatted in Inline XBRL.
104.1	Cover Page Interactive Data File (embedded within the Inline XBRL document included in Exhibit 101.1).

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.

	ADVANCE AUTO PARTS, INC.
Date: September 1, 2021	/s/ Jeffrey W. Shepherd
	Jeffrey W. Shepherd
	Executive Vice President, Chief Financial Officer

EX-99.1

Exhibit 99.1

Advance Auto Parts Appoints Seasoned Digital Marketing Executive to Its Board of Directors

RALEIGH, N.C. (September 1, 2021) – Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, today announced the appointment of Sherice R. Torres to its Board of Directors effective September 1, 2021. Ms. Torres currently serves as Vice President, Marketing at F2 - Facebook Financial, a division of Facebook, Inc.

Ms. Torres, 48, has nearly 25 years of executive management experience with top companies in marketing, brand management, strategic planning and social responsibility. She has served in her current role at F2 - Facebook Financial since November 2020, leading all aspects of global marketing across Facebook’s payments products. Ms. Torres previously served as Global Marketing Director for Google, Inc., as well as Global Inclusion Director for Google. Prior to 2014, Ms. Torres held a variety of leadership roles at Viacom (now ViacomCBS Inc.), across consumer products, strategic planning and digital. She began her career in the change management consulting practice of Deloitte Touche Tohmatsu Limited.

“I’m pleased to welcome Sherice to the Advance Auto Parts Board of Directors,” said Eugene I. Lee, Jr., Chair of the Board of Directors. “As we continue to execute on our long-term strategic initiatives, transforming our digital platforms and marketing strategy will continue to be key areas of focus for Advance. Sherice’s extensive marketing and digital expertise will be a tremendous asset to the Board and management team. In addition, her experience with and commitment to enhancing diversity, equity and inclusion will help advance our progress in this critical area of focus. I look forward to working with her as we continue to deliver meaningful progress toward Advance’s transformation agenda.”

About Advance Auto Parts

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of July 17, 2021, Advance operated 4,748 stores and 215 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The company also serves 1,306 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.

# # #

Advance Auto Parts Contacts:
Elisabeth Eisleben	Darryl Carr
T: (919) 227-5466	T: (984) 389-7207
E:invrelations@advanceautoparts.com	E: darryl.carr@advance-auto.com

XML

Cover Page Document	Sep. 01, 2021
Cover Page [Abstract]
Entity Central Index Key	0001158449
Title of 12(b) Security	Common Stock, $0.0001 par value
Entity Address, Postal Zip Code	27604
Entity Address, Address Line One	2635 East Millbrook Road
Entity Incorporation, State or Country Code	DE
Document Type	8-K
Document Period End Date	Sep. 01, 2021
Entity Registrant Name	ADVANCE AUTO PARTS, INC.
Entity File Number	001-16797
Entity Tax Identification Number	54-2049910
Entity Address, City or Town	Raleigh
Entity Address, State or Province	NC
City Area Code	540
Local Phone Number	362-4911
Trading Symbol	AAP
Security Exchange Name	NYSE
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Amendment Flag	false