Company: GPI
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001031203-25-000023
Chunk: 70

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 70
---
 a greater than simple majority vote be replaced by a requirement for a majority of the votes cast for and against applicable proposals, or a simple majority in compliance with applicable laws. If necessary this means the closest standard to a majority of the votes cast for and against such proposals consistent with applicable laws. This includes making the necessary changes in plain English.

Shareholders are willing to pay a premium for shares of companies that have excellent corporate governance. Supermajority voting requirements have been found to be one of 6 entrenching mechanisms that are negatively related to company performance according to "What Matters in Corporate Governance" by Lucien Bebchuk, Alma Cohen and Allen Ferrell of the Harvard Law School. Supermajority requirements are used to block initiatives supported by most shareowners but opposed by a status quo management.

This proposal topic won from 74% to 88% support at Weyerhaeuser, Alcoa, Waste Management, Goldman Sachs, FirstEnergy and Macy's. These votes would have been higher than 74% to 88% if more shareholders had access to independent proxy voting advice. This proposal topic also received overwhelming 98% support at the 2023 annual meetings of American Airlines (AAL) and The Carlyle Group (CG).

The overwhelming shareholder support for this proposal topic at hundreds of major companies raises the question of why Group 1 Automotive has not initiated this proposal topic on its own.

<div align='center'>Please vote yes:</div>

#### Simple Majority Vote — Proposal 5

#### GROUP 1 AUTOMOTIVE2025 PROXY STATEMENT69
| Board of Directors’ Statement in Opposition |

| WHY WE         
 RECOMMEND YOU  
 VOTE “AGAINST” 
 THIS PROPOSAL: |     | The Company’s own proposal in Item 4 will have the effect of eliminating the only remaining supermajority voting requirements in our governing documents, making this proposal redundant, unnecessary and confusing. |

The Company’s own Proposal 4 will have the effect of eliminating the supermajority voting standards in our governing documents, making this proposal redundant, unnecessary and confusing. As described in Proposal 4, nearly all matters submitted to a vote of shareholders can be approved by a simple majority of shareholders. However, our Charter currently imposes an 80% threshold to amend, alter or repeal our Bylaws or certain provisions of our Charter. For this reason, as set forth in Proposal 4, the Board has recommended that shareholders approve amendments to eliminate the supermajority voting standards within the Charter,