Press release
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
Board approves 15-for-1 stock split, subject to shareholder approval of share authorization increaseSplit is aimed at helping team members take advantage of
About this update from O'reilly Automotive, Inc.
[{"type":"text","content":"Board approves 15-for-1 stock split, subject to shareholder approval of share authorization increaseSplit is aimed at helping team members take advantage of employee stock purchase benefits SPRINGFIELD, Mo., March 13, 2025 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced that its Board of Directors (the “Board”) approved a 15-for-1 split of its common stock, to be effected in the form of a one-time special stock dividend. The stock split is subject to shareholder approval of an amendment to O’Reilly’s Articles of Incorporation to increase the number of authorized shares of common stock to accommodate the stock split. O’Reilly intends to seek shareholder approval for this amendment at its upcoming annual meeting on May 15, 2025. Brad Beckham, O’Reilly’s CEO, commented, “The current per share price level of our common stock reflects the continued strong financial performance of O’Reilly since our initial public offering in April 1993, highlighted by annual growth in comparable store sales, total revenues, and operating income each year we have been a public company. In the 20 years since we last split our stock in 2005, the Company has consistently delivered strong performance, resulting in a total increase in our share price over 4,330%, or approximately 21% on an annualized basis.” The reasoning behind the split goes back to one of the original goals for taking the Company public in 1993: to share the success with our team members. Beckham continued, “We believe our Team O’Reilly culture is the most critical factor in our Company’s historic and future success. We also believe we are at our strongest when our team members participate in the success of our Company. This split will make our common stock more accessible to our team members, enabling them to acquire whole shares, rather than fractions, more readily through our stock purchase program, which allows them to purchase stock conveniently through payroll deductions at a 15% discount. We feel this is the right time to split the stock and further include our team members in the next chapter of growth for Team O’Reilly.” If the amendment is approved and the Board proceeds with the stock split, shareholders of record as of June 2, 2025, will receive fourteen add...