SONIC AUTOMOTIVE INC 8-K

What Happened

• Sonic Automotive, Inc. announced on Feb. 11, 2026 that its Compensation Committee established the performance parameters for 2026 cash bonuses for three named executives: David Bruton Smith (Chairman & CEO), Jeff Dyke (President) and Heath R. Byrd (EVP & CFO).
• The Performance Period is January 1, 2026 through December 31, 2026. Actual bonus awards will be determined after the period ends and paid by no later than March 15, 2027.

Key Details

• Executives covered: David Bruton Smith (CEO), Jeff Dyke (President), Heath R. Byrd (EVP & CFO).
• Performance measures: (1) adjusted earnings per share (EPS) goals and (2) customer satisfaction goals measured by the percentage of dealerships meeting or exceeding manufacturer-specified objectives.
• Performance Period: Jan 1, 2026 – Dec 31, 2026; bonus determination and payment no later than March 15, 2027.
• Filing: Form 8-K filed Feb. 13, 2026 (Item 5.02 — compensatory arrangements of certain officers).

Why It Matters

• This discloses the metrics management will be judged on for 2026 compensation: company profitability (adjusted EPS) and dealership-level customer satisfaction.
• Investors can view these targets as indicators of executive incentives and priorities for 2026—namely, a focus on EPS performance and dealer/customer experience—without revealing specific bonus amounts in this filing.