Company: ORLY
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0000898173-25-000037
Chunk: 8

Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-06-25
Form: 11-K
Chunk 8
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907 | ​ | $           | 940,138 | ​ | $            | — |

NOTE 4. INCOME TAX STATUS The underlying volume submitter plan has received an advisory letter from the IRS dated June 30, 2020, stating that the form of the plan is qualified under Section 401 of the Internal Revenue Code (the “Code”), and therefore, the related trust is tax-exempt. The Plan administrator has determined that it is eligible to, and has chosen to, rely on the current IRS volume submitter advisory letter. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualified status. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the Plan is qualified and the related trust is tax-exempt. Accounting principles generally accepted in the United States require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Plan management has analyzed the tax positions taken by the Plan and has concluded that there are no uncertain positions taken or expected to be taken. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. NOTE 5. RELATED PARTY AND PARTY-IN-INTEREST TRANSACTIONS Certain Plan investments are shares in common collective trusts and mutual funds managed by Fidelity. Fidelity is the trustee as described by the Plan, and therefore, these transactions qualified as party-in-interest transactions. Certain Plan investments are shares in the common stock of O’Reilly Automotive, Inc. O’Reilly Automotive, Inc. is the Plan sponsor as described by the Plan, and therefore, these transactions qualified as party-in-interest transactions. All of these transactions are exempt from the prohibited transaction rules. NOTE 6. RISKS AND UNCERTAINTIES The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

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O’REILLY AU TOMOTIVE, INC. PROFIT SHARING AND SAVINGS PLAN FORM 5500 SCHEDULE H, LINE 4