Filing Analysis
Monro, Inc. held its Annual Meeting of Shareholders on August 11, 2026, where shareholders elected eight directors and approved executive compensation on an advisory basis. Additionally, the Board declared a quarterly cash dividend of $0.28 per share.
📋 Key Facts
- Annual Meeting held on August 11, 2026, with 88.72% of total shares outstanding represented (27,722,871 shares).
- Eight directors were elected to one-year terms: Peter D. Fitzsimmons, Lindsay N. Hyde, Leah C. Johnson, Stephen C. McCluski, Robert E. Mellor, Thomas B. Okray, Peter J. Solomon, and Hope B. Woodhouse.
- Shareholders approved executive compensation on an advisory basis (Say-on-Pay).
- PricewaterhouseCoopers, LLP was re-appointed as the independent registered public accounting firm for the fiscal year ending March 27, 2027.
- A quarterly cash dividend of $0.28 per share was declared for Q2 FY2027.
- Dividend payable date: September 8, 2026; Record date: August 25, 2026.
Monro, Inc. filed an 8-K to announce its financial results for the first quarter ended June 27, 2026. The filing serves as a formal announcement of earnings via a press release.
📋 Key Facts
- Reported date: July 29, 2026
- Reporting period: First Quarter ended June 27, 2026
- The company issued an earnings release (Exhibit 99.1) alongside this filing.
Monro, Inc. has transitioned its CEO, Peter Fitzsimmons, from a consultant role via AlixPartners/AP Services to a formal employment agreement and Board seat. The filing details significant new compensation structures, including performance-based stock units tied to specific share price targets.
🚩 Red Flags
- Transition from a consulting arrangement (AlixPartners) to formal employment often follows significant restructuring or turnaround efforts.
- High concentration of compensation in performance-based equity tied to aggressive stock price targets ($40 for max payout).
📋 Key Facts
- Peter Fitzsimmons appointed to the Board of Directors effective December 2, 2025.
- New employment agreement term: until December 31, 2027 (with automatic one-year renewals).
- Base salary set at $900,000 per annum with a 100% target bonus.
- One-time sign-on bonus of $200,000 and upfront restricted stock grant valued at $500,000.
- Performance Stock Units (PSUs) with a target value of $3,375,000, vesting based on stock price targets: 0% if <$25; 100% if $30; 200% if >=$40.
- Company previously paid ~$18.5 million to AlixPartners/APS for operational improvement services between March and November 2025.
Monro, Inc. announced a quarterly cash dividend of $0.28 per share for the third quarter of fiscal year 2026.
📋 Key Facts
- Dividend amount: $0.28 per share.
- Fiscal period: Third quarter of 2026, ending December 27, 2025.
- Record date: December 2, 2025.
- Payment date: December 16, 2025.
- Eligibility includes holders of Class C Convertible Preferred Stock.
Monro, Inc. has extended its consulting engagement with AlixPartners, LLP to implement an operational improvement plan through December 27, 2025. The amendment involves a $2.2 million fee for services including revenue acceleration and tool transitioning.
🚩 Red Flags
- Significant related-party transaction: The Company's President and CEO, Peter Fitzsimmons, serves as a partner and managing director at AlixPartners.
- The CEO also serves the company under an engagement letter with AP Services, LLC (an AlixPartners affiliate), creating potential conflicts of interest regarding the selection and oversight of consulting services.
📋 Key Facts
- Extended the AlixPartners consulting agreement to December 27, 2025.
- The Amendment covers the next phase of an operational improvement plan implementation.
- Aggregate fee for the amended period is $2.2 million.
- Services include embedding capabilities, transitioning tools, and supporting revenue acceleration efforts.
Monro, Inc. has declared a dividend distribution of shareholder rights (a 'poison pill') designed to prevent hostile takeovers. The plan triggers if an entity acquires 17.5% or more of the company's common stock without board approval.
🚩 Red Flags
- Implementation of a 'Poison Pill' (Shareholder Rights Plan) often indicates the board is anticipating a hostile takeover attempt or defending against an activist investor.
- Potential for significant dilution to existing shareholders if triggering events occur and rights are exercised at the discounted flip-in price.
📋 Key Facts
- Board declared a dividend of one Right for each outstanding share of Common Stock on November 9, 2025.
- Record Date for rights distribution is November 24, 2025.
- Rights are not exercisable until a 'Distribution Date' (triggered by an Acquiring Person acquiring 17.5% or more of stock).
- Triggering events include the acquisition of 17.5% ownership or the commencement of a tender offer resulting in such ownership.
- Upon a Flip-In event, holders can receive common stock at twice the purchase price ($90.00 per share/unit equivalent).
- Rights expire on November 6, 2026, unless redeemed or exchanged earlier.
Monro, Inc. filed an 8-K to announce its financial results for the second quarter ended September 27, 2025, and the first half of fiscal 2026.
📋 Key Facts
- Report date: October 29, 2025
- Reporting period: Second quarter ended September 27, 2025, and first half of fiscal 2026
- The filing includes a press release as Exhibit 99.1 containing the financial results
Monro, Inc. has extended its consulting engagement with AlixPartners, LLP to implement an operational improvement plan through November 1, 2025. The amendment involves an aggregate fee of $6.4 million for various operational and marketing services.
🚩 Red Flags
- Significant related-party transaction: The CEO of Monro, Inc. is a partner and managing director at the consulting firm (AlixPartners) being paid $6.4 million by the company.
- Ongoing 'operational improvement plan' often signals underlying business distress or structural inefficiencies requiring external intervention.
📋 Key Facts
- Amendment to the first addendum of a consulting agreement with AlixPartners, LLP was entered into on August 18, 2025.
- The engagement is extended until November 1, 2025, for the implementation phase of an operational improvement plan.
- Total aggregate fee for services under this amendment is $6.4 million.
- Scope of work includes store operations, selling effectiveness, marketing/pricing, merchandising/inventory management, and customer segmentation.
- The Company's CEO, Peter Fitzsimmons, serves as a partner and managing director at AlixPartners.
Monro, Inc. reported results from its 2025 Annual Meeting of Shareholders, including the re-election of eight directors and approval of several shareholder proposals. Additionally, the company declared a quarterly cash dividend of $0.28 per share and disclosed a new severance agreement for its Senior Vice President – Operations.
🚩 Red Flags
- Disclosure of a new severance/change-in-control agreement for an SVP may indicate potential future executive turnover or costs associated with M&A activity.
📋 Key Facts
- Annual Meeting held on August 12, 2025; 89% of total shares outstanding were represented (approx. 26,795,000 shares).
- Eight directors re-elected to serve until the 2026 Annual Meeting.
- Shareholders approved an amendment to the 2007 Stock Incentive Plan to increase available shares.
- Say-on-pay advisory vote on executive compensation was approved.
- PricewaterhouseCoopers, LLP re-appointed as independent auditor for fiscal year ending March 28, 2026.
- Quarterly cash dividend of $0.28 per share declared; payable September 9, 2025.
- New severance agreement entered into with Nicholas Hawryschuk (SVP – Operations) effective August 12, 2025.
Monro, Inc. filed an 8-K to announce its financial results for the first quarter ended June 28, 2025. The filing serves as a formal notice that an earnings press release has been issued.
📋 Key Facts
- Report date: July 30, 2025
- Reporting period: First quarter ended June 28, 2025
- The company furnished an earnings release as Exhibit 99.1
- Information under Item 2.02 is considered 'furnished' rather than 'filed' for liability purposes.
Monro, Inc. announced the release of its fifth annual Environmental, Social, and Governance (ESG) report covering fiscal year 2025.
📋 Key Facts
- Report covers fiscal year 2025, which ended on March 29, 2025.
- This is the Company's fifth annual ESG report.
- The filing was made under Item 8.01 (Voluntary Disclosure of Other Events).
Monro, Inc. entered into an amendment to its consulting agreement with AlixPartners, LLP, increasing the fee commitment for implementation services through July 2025. Notably, the company's CEO, Peter Fitzsimmons, serves as a partner and managing director at AlixPartners.
🚩 Red Flags
- Related-party transaction: The CEO holds a leadership position at the consulting firm being paid $5.85 million by the company.
- High consulting expenditure ($5.85M) linked to restructuring/implementation activities (store closures).
- Potential conflict of interest regarding the CEO's dual role and the selection/oversight of AlixPartners.
📋 Key Facts
- Company entered into an amendment to its consulting agreement with AlixPartners, LLP on May 30, 2025.
- The Company will pay AlixPartners an aggregate fee of $5.85 million through the end of July 2025 for implementation services.
- Services include store closure plans, improving customer experience, driving profitable customer acquisition, and mitigating tariff risk.
- CEO Peter Fitzsimmons is a partner and managing director at AlixPartners.
- The CEO's employment is structured under an engagement letter between the Company and AP Services, LLC (an AlixPartners affiliate).
Monro, Inc. announced its financial results for the fourth quarter and fiscal year ended March 29, 2025. Additionally, the Board declared a quarterly cash dividend of $0.28 per share.
📋 Key Facts
- Financial results for Q4 and FY 2025 (ended March 29, 2025) were released on May 28, 2025.
- Board declared a quarterly cash dividend of $0.28 per share for the first quarter of fiscal year 2026.
- Dividend record date: June 3, 2025.
- Dividend payable date: June 17, 2025.
Monro, Inc. announced the resignation of Michael T. Broderick from the Company's board of directors, effective March 31, 2025.
📋 Key Facts
- Michael T. Broderick resigned from the Board of Directors on March 31, 2025.
- The resignation was reported via an 8-K filing dated April 2, 2025.
Monro, Inc. has announced a sudden leadership transition involving the immediate termination of CEO Michael T. Broderick and the appointment of Peter Fitzsimmons as new President and CEO. The company is also engaging AlixPartners for operational assessment and consulting services.
🚩 Red Flags
- Immediate termination of the CEO (Michael T. Broderick).
- Use of a third-party consulting firm (AlixPartners) to provide the new CEO via an engagement letter rather than a direct hire.
- Significant contingent consulting fees ($4M+) triggered by the operational assessment.
- The nature of the appointment suggests a turnaround or restructuring scenario.
📋 Key Facts
- Michael T. Broderick was terminated from his roles as President and CEO effective March 27, 2025.
- Peter Fitzsimmons appointed as President and CEO effective March 28, 2025.
- Fitzsimmons is being provided via an engagement letter with AP Services, LLC (an AlixPartners affiliate).
- The Company will pay a monthly fee of $250,000 for Mr. Fitzsimmons' services plus expenses and administrative fees.
- Monro entered into a consulting agreement with AlixPartners to assess operations; expected cost is $800,000 for assessment, with potential spend exceeding $4 million for additional services.
- Mr. Broderick is entitled to compensation associated with termination without cause.
Monro, Inc. entered into an amendment to its Distribution and Fulfillment Agreement with American Tire Distributors, Inc. (ATD). The amendment outlines the final two installments of earnout payments following the expiration of the Earnout Period on January 1, 2025.
📋 Key Facts
- Amendment to Distribution and Fulfillment Agreement dated June 17, 2022 with American Tire Distributors, Inc. (ATD).
- Earnout Period expired as of January 1, 2025.
- Remaining earnout balance to be paid in two equal installments: $3,474,043 on February 21, 2025, and $3,474,043 on June 25, 2025.
- Agreement term extended/confirmed to expire January 1, 2030, with automatic 12-month renewals thereafter.
- ATD agreed to use commercially reasonable efforts to ensure consistent supply to meet Monro's demand.
Monro, Inc. announced a quarterly cash dividend of $0.28 per share for the fourth quarter of fiscal year 2025.
📋 Key Facts
- Dividend amount: $0.28 per share.
- Dividend period: Fourth quarter of fiscal year 2025 (ending March 29, 2025).
- Record date: February 25, 2025.
- Payment date: March 11, 2025.
- The dividend applies to common stock and Class C Convertible Preferred Stock.
Monro, Inc. announced the appointment of Nick Hawryschuk as Senior Vice President – Operations, effective February 5, 2025. This represents an internal promotion for Mr. Hawryschuk, who previously served as VP – Finance and Operations.
📋 Key Facts
- Nick Hawryschuk appointed SVP - Operations effective February 5, 2025.
- Annual base salary set at $350,000.
- Eligible for an annual bonus of up to 60% of base salary based on corporate objectives.
- Target long-term equity incentive award with a target value of $450,000.
- Mr. Hawryschuk has been with the company since August 2020, previously serving as VP - Finance and Operations.
Monro, Inc. filed an 8-K to announce its financial results for the third quarter ended December 28, 2024, and the first nine months of fiscal 2025.
📋 Key Facts
- Report date: January 29, 2025
- Reporting period: Third quarter ended December 28, 2024
- Reporting period: First nine months of fiscal 2025
- The filing includes a press release as Exhibit 99.1 regarding financial results.
Monro, Inc. announced a quarterly cash dividend of $0.28 per share for the third quarter of fiscal year 2025.
📋 Key Facts
- Dividend amount: $0.28 per share.
- Dividend payable date: December 17, 2024.
- Record date: December 3, 2024.
- The dividend applies to common stock and Class C Convertible Preferred Stock.
Monro, Inc. filed an 8-K to announce its financial results for the second quarter ended September 28, 2024, and the first half of fiscal 2025.
📋 Key Facts
- Report date: October 30, 2024
- Reporting period: Second quarter ended September 28, 2024, and first half of fiscal 2025
- The filing includes a press release as Exhibit 99.1 containing the financial results
Monro, Inc. held its 2024 Annual Meeting of Shareholders on August 13, 2024, resulting in the re-election of five Class 1 Directors and advisory approvals for executive compensation and auditor ratification. Additionally, the Board declared a quarterly cash dividend of $0.28 per share.
📋 Key Facts
- Annual Meeting held on August 13, 2024; 94.32% of total shares outstanding were represented (28,260,776 shares).
- Five Class 1 Directors re-elected: John L. Auerbach, Michael T. Broderick, Lindsay N. Hyde, Leah C. Johnson, and Thomas B. Okray.
- Shareholders approved executive compensation on an advisory basis (Say-on-Pay).
- PricewaterhouseCoopers, LLP was re-appointed as the independent registered public accounting firm for fiscal year ending March 29, 2025.
- Quarterly cash dividend of $0.28 per share declared for Q2 FY2025; payable September 10, 2024.
This is an amendment (8-K/A) to a previously filed 8-K, submitted to correct an administrative error. The purpose of the filing is to include a complete version of Exhibit 99.1 (earnings release) that was inadvertently omitted in the initial filing.
🚩 Red Flags
- None identified; this is a corrective filing for an administrative omission rather than a substantive change in financial results or company health.
📋 Key Facts
- Filed as Amendment No. 1 to the Form 8-K originally filed on July 31, 2024.
- The amendment is intended solely to correct an administrative error regarding Exhibit 99.1.
- A complete copy of the earnings release issued on July 31, 2024, is provided as Exhibit 99.1.
Monro, Inc. filed an 8-K to announce its financial results for the first quarter ended June 29, 2024.
📋 Key Facts
- Report date: July 31, 2024
- Reporting period: First quarter ended June 29, 2024
- The filing includes an earnings release as Exhibit 99.1
Monro, Inc. announced the release of its fourth annual Environmental, Social, and Governance (ESG) report covering fiscal year 2024.
📋 Key Facts
- The company released its fourth annual ESG report on June 18, 2024.
- The report covers fiscal year 2024, which ended March 30, 2024.
- The disclosure is a voluntary release of non-financial performance metrics regarding environmental, social, and governance initiatives.
Monro, Inc. announced its fourth quarter and fiscal year 2024 financial results and declared a quarterly cash dividend of $0.28 per share.
📋 Key Facts
- Released Q4 and Fiscal Year 2024 financial results for the period ended March 30, 2024.
- Board of Directors declared a quarterly cash dividend of $0.28 per share for Q1 fiscal year 2025.
- Dividend record date: June 4, 2024; Payment date: June 18, 2024.
- The dividend applies to common stock and Class C Convertible Preferred Stock.
Monro, Inc. announced the departure of Matt Henson, the Chief Human Resources Officer, effective March 30, 2024. The separation includes a severance package consisting of one year's base salary and pro-rated bonuses.
🚩 Red Flags
- Departure of a C-suite officer (CHRO) can sometimes signal internal cultural or strategic shifts, though no specific cause was provided in the filing.
📋 Key Facts
- Matt Henson is departing as Chief Human Resources Officer (CHRO).
- Departure date: Effective March 30, 2024 (end of the Company’s fiscal 2024).
- Severance terms include one year of base salary paid over a 12-month period.
- Includes pro rata portion of any bonus earned for fiscal 2024 under the annual incentive plan.
- Acceleration of vesting for unvested restricted stock units (RSUs) and options.
Monro, Inc. announced the expansion of its Board of Directors from eight to nine members with the appointment of Thomas B. Okray. Mr. Okray will also serve on the Company's Executive Committee.
📋 Key Facts
- Board size increased from 8 to 9 members.
- Thomas B. Okray appointed to the Board effective February 15, 2024.
- Mr. Okray will serve on the Executive Committee of the Board.
- Compensation for Mr. Okray is as disclosed in the Proxy Statement filed July 6, 2023.
Monro, Inc. announced a quarterly cash dividend of $0.28 per share for the fourth quarter of fiscal year 2024.
📋 Key Facts
- Dividend amount: $0.28 per share.
- Dividend period: Fourth quarter of fiscal year 2024 (ending March 30, 2024).
- Record date: March 8, 2024.
- Payment date: March 22, 2024.
- The dividend applies to common stock and Class C Convertible Preferred Stock.
Monro, Inc. filed an 8-K to announce the release of its financial results for the third quarter ended December 23, 2023.
📋 Key Facts
- Report date: January 24, 2024
- Reporting period: Third quarter ended December 23, 2023
- The filing includes a press release as Exhibit 99.1 regarding financial results.