Company: ORLY
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0000898173-25-000017
Chunk: 13

Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 13
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 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 does not have any relationship with the Company which, in the opinion of the Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The Board has reviewed the independence of its Directors and director nominee under