Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 28, 2026, the Board of Directors (the “Board”) of AutoNation, Inc. (the “Company”) approved the AutoNation, Inc. 2026 Employee Equity and Incentive Plan (the “2026 Plan”), subject to stockholder approval at the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”). On April 28, 2026, the Company’s stockholders approved the 2026 Plan at the Annual Meeting.
The 2026 Plan provides for the grant of time-based and performance-based restricted stock units and restricted stock, stock options, stock appreciation rights, and other stock-based and cash-based awards to employees and independent contractors of the Company and its affiliates. The maximum number of shares of Company common stock that may be issued pursuant to awards granted under the 2026 Plan is 1,275,000 shares plus 883,316 shares (representing the number of shares that remained available for grant under the AutoNation, Inc. 2017 Employee Equity and Incentive Plan (the “2017 Plan”) as of the effective date for the 2026 Plan), subject to adjustment as described in the 2026 Plan. In connection with the adoption of the 2026 Plan, the Board delegated to its Compensation Committee all powers and authorities necessary, appropriate, or advisable to administer the 2026 Plan in all respects. The 2026 Plan replaces the 2017 Plan, which has been discontinued as of April 28, 2026 (but outstanding awards under the 2017 Plan will remain in effect in accordance with their terms).
The 2026 Plan is filed as Exhibit 10.1 to this report and is incorporated herein by reference. The foregoing summary of the 2026 Plan is qualified in its entirety by reference to the actual terms of the 2026 Plan.
Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Company’s stockholders voted on the following six proposals and cast their votes as set forth below.
Proposal 1
The nine director nominees were elected, each for a term expiring at the next Annual Meeting of Stockholders or until their successors are duly elected and qualified, based upon the following votes:
Nominee For Against Abstain Broker Non-Votes
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Rick L. Burdick 28,893,764 506,116 13,355 2,537,319
Claire Bennett 29,278,480 97,003 37,752 2,537,319
David B. Edelson 28,885,072 515,015 13,148 2,537,319
Robert R. Grusky 28,928,119 471,764 13,352 2,537,319
Norman K. Jenkins 28,976,765 394,651 41,819 2,537,319
Lisa Lutoff-Perlo 29,175,196 225,710 12,329 2,537,319
Michael Manley 29,237,666 162,153 13,416 2,537,319
G. Mike Mikan 28,927,252 472,370 13,613 2,537,319
Jacqueline A. Travisano 28,311,470 1,088,612 13,153 2,537,319
Proposal 2
The proposal to ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm for 2026 was approved based upon the following votes:
For Against Abstain Broker Non-Votes
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31,482,534 454,816 13,204 N/A
Proposal 3
The proposal to approve, on an advisory basis, the resolution on named executive officer compensation was approved based upon the following votes:
For Against Abstain Broker Non-Votes
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27,776,185 1,616,323 20,727 2,537,319
Proposal 4
The proposal to approve the AutoNation, Inc. 2026 Employee Equity and Incentive Plan was approved based upon the following votes:
For Against Abstain Broker Non-Votes
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29,066,751 330,782 15,702 2,537,319
Proposal 5
The stockholder proposal regarding an independent Board chairman was not approved based upon the following votes:
For Against Abstain Broker Non-Votes
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1,799,833 27,561,657 51,745 2,537,319
Proposal 6
The stockholder proposal regarding a GHG report was not approved based upon the following votes:
For Against Abstain Broker Non-Votes
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4,387,899 24,369,831 655,505 2,537,319