Group 1 Automotive adds David Kimbell, ex-Ulta Beauty CEO, to board; declares $0.55 dividend
Group 1 Automotive appointed David C. Kimbell, former CEO of Ulta Beauty, to its board effective August 10, 2026, expanding the board to ten members, and he will serve on the Audit Committee. The company also declared a quarterly cash dividend of $0.55 per share, payable September 15, 2026, to holders of record as of September 1, 2026, consistent with its previously announced 10% increase in annualized dividend rate to $2.20 per share in 2026.
Key points
- Kimbell joins the board effective August 10, 2026 and will serve on the Audit Committee; the board grew from nine to ten members.
- Kimbell received restricted stock units valued at $88,657, pro-rated from $225,000, settled in cash upon leaving the board.
- Quarterly dividend of $0.55 per share, payable September 15, 2026 to stockholders of record as of September 1, 2026.
- Kimbell previously served as CEO of Ulta Beauty, where the filing says revenue rose from $6.2 billion in 2020 to $11.3 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.