Amendment to AutoNation, Inc. 2014 Non-Employee Director Equity Plan

Contract Categories: Business Finance › Equity Distribution Agreements
Summary

AutoNation, Inc.'s Board of Directors has amended its 2014 Non-Employee Director Equity Plan to reduce the number of shares available for issuance from 1,000,000 to 600,000. This amendment is effective as of January 31, 2017. All other terms of the plan remain unchanged and in effect. The amendment was made under the Board's authority to modify the plan.

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EX-10.1 2 an10q33117ex101.htm EXHIBIT 10.1 Exhibit


Exhibit 10.1

AMENDMENT TO
THE AUTONATION, INC. 2014
NON-EMPLOYEE DIRECTOR EQUITY PLAN

WHEREAS, the Board of Directors (the “Board”) of AutoNation, Inc. (the “Company”) has the power to amend the AutoNation, Inc. 2014 Non-Employee Director Equity Plan (the “Plan”) pursuant to Section 12.1 of the Plan; and
WHEREAS, the Board desires to reduce the number of shares reserved for issuance under the Plan.
NOW, THEREFORE, the Plan is hereby amended as follows, effective as of January 31, 2017:    
1.
Section 3.1 of the Plan is hereby amended such that the number 1,000,000 is amended to 600,000.
2.
The Plan, as hereby amended, remains in full force and effect.