Group 1 Automotive, Inc. announced several updates on November 10, 2026, including a leadership promotion, amendments to its corporate bylaws, and a declaration of a quarterly cash dividend.
The company’s Board of Directors appointed Peter C. DeLongchamps as President – U.S. Operations, effective immediately. Mr. DeLongchamps, age 65, previously served as Senior Vice President, Manufacturer Relations, Financial Services and Corporate Development. In his new role, he will report to the President and Chief Executive Officer and oversee the Company’s United States dealership operations. As part of the promotion, Mr. DeLongchamps’ annual base salary will increase to $750,000, and his target annual incentive opportunity will be set at 90% of his base salary.
Separately, the Board adopted the Seventh Amended and Restated Bylaws of the Company. The updated bylaws include provisions regarding stockholder meetings, advance notice requirements for director nominations, and procedures for handling contested director elections. Specifically, the bylaws require stockholders to hold a minimum of 25% of the outstanding common stock to request a special meeting and mandate that the Board act on a tendered director resignation within 90 days of election certification.
In other business, the Board declared a quarterly cash dividend of $0.55 per share of common stock. The dividend is payable on December 15, 2026, to stockholders of record as of the close of business on December 1, 2026. This payment represents an increase from the Company’s previously announced annualized dividend rate of $2.00 per share in 2025 to $2.20 per share in 2026.
