ADVANCE AUTO PARTS INC 8-K

What Happened
Advance Auto Parts, Inc. announced on January 12, 2026 that Richard A. Johnson was appointed to its Board of Directors, effective the same day. Mr. Johnson will serve on the Board’s Compensation Committee. The company disclosed there is no arrangement or understanding with any person related to his appointment, and he will be paid under the company’s standard non-employee director compensation policy. He is also expected to enter into the company’s standard form of indemnification agreement (referenced from the company’s Form 10‑K).

Key Details

• Appointment effective date: January 12, 2026.
• Committee assignment: Compensation Committee.
• Compensation: Will receive standard non-employee director compensation per company policy.
• Governance docs: Expected to sign the company’s standard indemnification agreement (Exhibit 10.1 to the 10‑K).
• Disclosure: Company issued a press release on January 13, 2026 (filed as Exhibit 99.1) under Regulation FD.

Why It Matters
A board appointment affects corporate governance and oversight — the addition of Mr. Johnson to the Compensation Committee is relevant to how the company designs and approves executive and director pay. For investors, this is a governance update (no changes to management or reported financial results) and may be considered when assessing board composition, experience, and independence. The filing indicates routine appointment procedures (standard compensation and indemnification) and that the company publicly disclosed the change via press release.