O'Reilly Automotive Inc. filed SEC Form 8-K: Leadership Update
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Section 5 – Corporate Governance and Management
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) has appointed Colin Yankee as Executive Vice President and Chief Supply Chain Officer, effective July 13, 2026. In this position, Mr. Yankee will be responsible for all aspects of our supply chain operations including merchandise, inventory management, distribution operations, and transportation.
Mr. Yankee, age 49, joins O’Reilly with more than 20 years of retail supply chain experience. Prior to joining O’Reilly, Mr. Yankee held the position of Executive Vice President, Chief Supply Chain Officer at Tractor Supply Company since February 2020, where he had responsibility for the end-to-end supply chain, global sourcing and trade compliance, inventory management, and e-commerce and omni-channel operations. Mr. Yankee’s career also includes supply chain and distribution operations positions with Neiman Marcus and Target Corporation.
Mr. Yankee will receive an annual base salary of $700,000 and will be eligible to participate in the annual performance incentive compensation plan, with an annual incentive target of 85% of his base salary, based on the Company’s actual performance as measured against the same criteria that are applicable to the Company’s other executive officers. Mr. Yankee will receive a stock option award with an estimated future fair value of 100% of his annual base salary, granted at the same time that annual grants for the Company’s other executive officers are awarded. In addition, Mr. Yankee will receive a position level stock option award in connection with his hiring, with a grant-date fair value of $500,000, to be granted on July 13, 2026, and determined using the Black-Scholes option pricing model. He will also be eligible for other benefits and perquisites on terms substantially similar to those that apply to other executive officers of the Company. The Company has entered into a change in control severance agreement with Mr. Yankee, which includes the same terms and provisions as those for the Company’s other executive officers.
There are no arrangements or understanding between Mr. Yankee and any other person pursuant to which Mr. Yankee was selected as an officer, there are no family relationships between Mr. Yankee and any director or other officer of the Company, and there are no transactions in which the Company is a party and in which Mr. Yankee has a material interest subject to disclosure under Item 404(a) of Regulation S-K.