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CSK Auto News Editors

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CSK Auto News

News on CSK Auto continually updated from thousands of sources around the net.

Wednesday Dec 9 | Springfield News Leader

O'Reilly building taking shape

At a time when keeping old cars running instead of buying a new ride translates into a solid bottom line for O'Reilly Automotive, the company's new headquarters building is rising on South Patterson Avenue.

Comment?

Related Topix: Springfield Metro, Springfield, MO, Retail, Auto Parts

Wed Nov 18, 2009

BusinessWeek

Payback Time? The SEC Launches a Second 'Clawback' Case

Federal officials are stepping up their use of "clawbacks" to recover executive pay for company performances that proved illusory, filing their second case in four months against a company CEO who was not accused of individual misconduct.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Construction, Beazer Homes USA, Financial Services, Corporate Governance, Retail, Auto Parts

Mon Nov 16, 2009

The New Braunfels Herald

SEC staff targets Beazer Homes CEO over bonus pay

Federal regulators may try to collect bonus money awarded to the top executive of Beazer Homes USA Inc.

Comment?

Related Topix: Construction, Beazer Homes USA, Securities and Exchange Commission, Corporate / Securities Law, Law, Corporate Governance, Retail, Auto Parts

Tue Nov 10, 2009

Legal Times

Munger Tolles Seeks to Dismiss $4 Million SEC 'Clawback' Suit Against Ex-CEO

Last summer, when the Securities and Exchange Commission sued former CSK Auto CEO Maynard Jenkins to recover $4 million he earned between 2002 and 2004, the agency made history: It was the first time the SEC had brought an enforcement action solely under the clawback provision of Sarbanes-Oxley . The suit didn't charge Jenkins with any wrongdoing; ...

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Retail, Auto Parts, Corporate Governance

Tue Nov 03, 2009

FindLaw

Government Defends First Use of Sarbanes-Oxley Act's 'Clawback'

The government has told a federal judge in Phoenix that it is not misusing its "clawback" power to recoup $4 million in bonuses from the ex-CEO of CSK Auto Corp.

Comment?

Related Topix: Corporate Governance, Law, Retail, Auto Parts, Securities and Exchange Commission, Corporate / Securities Law, Computers, IT Services

Wed Oct 14, 2009

PR-inside.com

Zacks Analyst Blog Highlights: Las Vegas Sands, Wynn Resorts Ltd.,...

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

Comment?

Related Topix: Gaming, Financial Markets, Media, Hotels, MGM Mirage, Advance Auto Parts, Retail, Auto Parts, Internet, Science / Technology

Tue Oct 13, 2009

Minneapolis/St. Paul Business Journal

Advance Auto revs up online sales

Advance Auto Parts Inc. has launched its own e-commerce Web site, allowing the company to sell parts online for the first time in roughly eight months.

Comment?

Related Topix: Advance Auto Parts, Retail, Auto Parts, Internet, Science / Technology, Computers, IT Services, Springfield, MO, OReilly Automotive

Fri Sep 18, 2009

Azcentral.com

CSK Auto fined over gas-powered blenders

Phoenix-based CSK Auto Inc. and On the Edge Marketing of Orange County in California have agreed to pay a $240,000 fine for selling illegal gasoline-powered blenders primarily to California tailgaters.

Comment?

Related Topix: Retail, Auto Parts, Marketing, Computers, IT Services, Business News

Thu Sep 17, 2009

Legal Times

Former CEO Fights SEC's Bid to Claw Back $4 Million Under SOX

The U.S. Securities and Exchange Commission's attempt to claw back more than $4 million in compensation from the former chief executive officer of an Arizona automobile parts retailer raises "constitutional questions of the gravest magnitude," the defense argues in a motion to dismiss filed on Tuesday.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Financial Services, Retail, Auto Parts, Corporate Governance

Sun Sep 13, 2009

Barron's

[Mctague]

The SEC needs to crack down on accountants, too. THE HEALTH-CARE "DEBATE" HAS SUCKED SO much oxygen off Capitol Hill that our lawmakers have ceased burning Wall Street's dark wizards at the stake.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US News, Corporate Governance, US Politics, Christopher Dodd, Bernie Madoff, Retail, Auto Parts

Mon Aug 03, 2009

Professor Bainbridge on Wine

SOX 304 Claw-back

Section 304 of the Sarbanes-Oxley Act provides that: If an issuer is required to prepare an accounting restatement due to the material noncompliance of the issuer, as a result of misconduct, with any financial reporting requirement under the securities laws, the chief executive officer and chief financial officer of the issuer shall reimburse the ...

Comment?

Related Topix: Corporate Governance, Law, Retail, Auto Parts

Wed Jul 29, 2009

Financial Times

a Clawbacka marks tougher SEC stance

The US Securities and Exchange Commission's attempt to use - " for the first time - " a "clawback" law against an executive who is not accused of any wrongdoing marks a new hard-hitting approach at an agency under pressure to restore its reputation.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Financial Services, Corporate Governance, Retail, Auto Parts

Mon Jul 27, 2009

Chain Leader

DineEquity Appoints General Counsel

Restaurant company DineEquity Inc. appoints Randi Val Morrison as secretary and general counsel.

Comment?

Related Topix: Glendale, CA, Restaurant Management, IHOP, Retail, Computers, IT Services, Auto Parts, OReilly Automotive

Fri Jul 24, 2009

Phoenix New Times - Blogs

SEC Wants $4.1M in Back From Former CSK Executive; Exec Not Implicated in Crime, but Still Profited

The Securities and Exchange Commission is breaking new ground by trying to force the former CEO of a corrupt company to pay back $4.1 million in bonuses -- even though he had nothing to do with the corruption.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Retail, Auto Parts

Conglomerate

What If The CEO Didn't Know About the Misstatements?

SOX section 304 provides for clawbacks on misstatements. How to enforce this? The SEC may have come up with something new : The U.S. Securities and Exchange Commission will for the first time demand that a chief executive officer forfeit profits from a fraud he didna t orchestrate, people familiar with the matter said.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Financial Services, Retail, Auto Parts

Thu Jul 23, 2009

Fortune

Regulators want ex-CEO to cough up $4 million

U.S. regulators asked a court Wednesday to order the former head of CSK Auto Corp.

Comment?

Related Topix: Retail, Auto Parts, Securities and Exchange Commission, Corporate / Securities Law, Law, Financial Services

KAKE-TV Wichita

Regulators Seek Millions From Auto Corporation CEO

Regulators are seeking more than $4 million from the former chief executive of auto parts retailer CSK Auto Corp., accusing him of profiting while the company allegedly committed accounting fraud.

Comment?

Related Topix: Retail, Auto Parts, Securities and Exchange Commission, Corporate / Securities Law, Law

Fri Jul 03, 2009

Aftermarket Business

O'Reilly Auto breaking ground for new HQ

After adding 1,500 U.S. stores, including locations in 12 new states, all in the last 12 months, O'Reilly Automotive Inc.

Comment?

Related Topix: OReilly Automotive, Retail, Auto Parts, Springfield, MO

Tue Jun 02, 2009

Tacoma News Tribune

Puyallup to get 400 new jobs

The nation's third largest auto parts retailer, O'Reilly Auto Parts, is bringing up to 400 new jobs to Puyallup.

Comment?

Related Topix: Puyallup, WA, Retail, Computers, IT Services, Auto Parts, Seattle Metro

Thu May 28, 2009

Canada NewsWire

Standard and Poor's Announces Changes in the SandP/TSX Venture Composite Index

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Wednesday, May 27, 2009: - The shares of Cadiscor Resources Inc.

Comment?

Related Topix: Retail, Auto Parts, Publishing, Media, McGrawHill Companies

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