AutoZone Shareholders Approve Key Proposals at 2024 Annual Meeting

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shareholders elected nine directors, ratified the appointment of Ernst & Young LLP as the independent auditor for the 2025 fiscal year, and approved the compensation of named executive officers on an advisory basis. Shareholders also approved a reduction in the ownership threshold to call a special meeting to 25% but did not approve a reduction to 10%.

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About AutoZone Inc.

AutoZone Inc. is a leading retailer and distributor of automotive replacement parts and accessories in the United States. Established in 1979, the company has grown to become a vital player in the automotive aftermarket industry. AutoZone primarily serves the do-it-yourself (DIY) market segment, providing products ranging from auto parts like batteries, brakes, and engine components to accessories such as car care, fluids, and interior items. Additionally, AutoZone offers commercial sales programs for professional mechanics and repair shops, enhancing its role in the automotive ecosystem. The company operates a vast network of stores across North America and has a notable presence in Mexico and Brazil. AutoZone's commitment to customer service, extensive product selection, and operational efficiency underline its market significance. It continually invests in technological advancements like its online platform, supporting both retail and commercial customers with seamless service experiences. AutoZone Inc.'s sustained growth and adaptability highlight its importance within the retail sector and the broader automotive maintenance and repair market.