SAH 2019 Proxy Statement

Letter to Stockholders I
Notice of 2019 Annual Meeting of Stockholders II
Table of Contents III
General Information 1
Security Ownership of Certain Beneficial Owners and Management 5
Section 16(a) Beneficial Ownership Reporting Compliance 8
Proposal 1: Election of Directors 9
Corporate Governance and Board of Directors 12
Director Compensation 21
Audit Committee Report 24
Proposal 2: Ratificaiton of the Appointment of Independent Registered Public Accounting Firm 26
Executive Compensation 28
Compensation Discussion and Analysis 28
Compensation Committee Report 39
Summary Compensation Table 40
Grants of Plan-Based Awards During 2018 42
Employment Agreements and Change in Control Agreements 43
Outstanding Equity Awards at Fiscal 2018 Year-End 46
Option Exercises and Stock Vested During 2018 47
Pension Benefits for 2018 48
CEO Pay Ratio 51
Potential Payments Upon Termination or Change in Control 52
Equity Compensation Plan Information 56
Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation 59
Proposal 4: Approval of the Amendment and Restatement of the Sonic Automotive, Inc. 2012 Stock Incentive Plan 60
Additional Corporate Governance and Other Information 71
Appendix A: Sonic Automotive, Inc. 2012 Stock Incentive Plan, Amended and Restated of April 24, 2019 73

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