Filing Analysis
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.