Company: ORLY
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0000898173-25-000013
Chunk: 13

Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 13
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 PROPOSAL | ​ |

prompt and consistent responses to violations, up to and including termination. Further, the Company requires Team Members to complete regular training on these policies. The Company’s existing policies and practices are effective in facilitating ethical conduct and promoting the long-term interests of the Company and its shareholders. Recommendation of the Board: For the foregoing reasons, the Board of Directors recommends that you vote “AGAINST” proposal 5 to amend the Clawback Policy. As with all proposals, if the proposal is not properly presented by the proponent at the Annual Meeting, it will not be voted upon.

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| 22  |  O’REILLY AUTOMOTIVE, INC. | 2025 PROXY STATEMENT |

INFORMATION CONCERNING THE BOARD OF DIRECTORS AUDIT COMMITTEE REPORT The Audit Committee functions pursuant to a written charter, which may be viewed on the Company’s website at www.OReillyAuto.com. In compliance with that charter and in connection with the December 31, 2024, financial statements, the Audit Committee:

| II. |     | Discussed with the Company’s independent auditors the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board (“PCAOB”) and the SEC. |

| III. |     | Received from the independent auditors the written disclosures and the letter regarding the auditor’s independence required by the applicable requirements of the PCAOB and has discussed with the independent auditors their independence. |

Based on the reviews and discussions referred to above, the Audit Committee recommended to the Board of Directors that the audited financial statements referred to above be included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF O’REILLY AUTOMOTIVE, INC. Thomas T. Hendrickson, Chair John R. Murphy Dana M. Perlman Andrea M. Weiss

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| 2025 PROXY STATEMENT | O’REILLY AUTOMOTIVE, INC.  |  23 |

| INFORMATION CONCERNING THE BOARD OF DIRECTORS | ​ |

BOARD STRUCTURE Director Independence Rules of the Nasdaq Stock Market (“Nasdaq”) require that a majority of the Board be “independent.” Under the Nasdaq rules, a director or director nominee is independent if he or she is not an officer or employee of the Company and