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][7]. 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 aligns with the company's original goal of sharing success with team members, reinforcing the importance of the "Team O'Reilly" culture [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].