O'Reilly Automotive, Inc. Board of Directors Approves 15-for-1 Stock Split, Subject to Shareholder Approval of an Increase in the Number of Authorized Shares of Common Stock

Core Viewpoint - O'Reilly Automotive, Inc. announced a 15-for-1 stock split, subject to shareholder approval, aimed at making shares more accessible to team members and enhancing participation in the company's success [1][2][4]. Group 1: Stock Split Details - The stock split will be executed as a one-time special stock dividend, pending an amendment to increase the number of authorized shares [1][2]. - Shareholder approval for the amendment will be sought at the annual meeting on May 15, 2025 [2]. - If approved, shareholders of record as of June 2, 2025, will receive fourteen additional shares for each share held, with distribution occurring after market close on June 9, 2025 [4]. Group 2: Company Performance and Strategy - O'Reilly's CEO highlighted the company's strong financial performance since its IPO in April 1993, with a total share price increase of over 4,330%, averaging approximately 21% annually [3]. - The stock split is intended to align with the company's original goal of sharing success with team members and enhancing their ability to acquire whole shares through the employee stock purchase program [3][4]. Group 3: Company Overview - O'Reilly Automotive, Inc. is a leading retailer in the automotive aftermarket industry, operating 6,378 stores across the U.S., Puerto Rico, Mexico, and Canada as of December 31, 2024 [5]. - The company serves both do-it-yourself customers and professional service providers, offering a wide range of automotive parts, tools, and accessories [5].