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25% Off Online Orders Over $100
Use promotional code TREAT25 at checkout to receive discount. Not valid on tires, wheels gift cards, special orders, installation, commercial or fleet purchases. Excluding the following brands; Edelbrock, Holley, Autometer, Accel, K&N, MSD, and BBk Performance. Not valid in combination with any other discounts or promotions. Valid online until 2:59 am EST on 11/1/14. Online orders scheduled for in-store pick ups must be completed in store by closing on 10/31/14 for discount to apply.

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Free Ground Shipping on Ship to Address orders over $75. Offer only valid on in-stock merchandise valued at a total of $75, after any discounts have been applied, and before any core charges, shipping charges, fees and taxes have been added. Certain items exceeding weight and size limitations are excluded from all shipping promotions and may require additional shipping fees. Please see item descriptions or visit our Shipping Policy page for details.

Pep Boys Amends Shareholder Rights Plan

Pep Boys Amends Shareholder Rights Plan

PHILADELPHIA - August 21, 2006 

The Pep Boys - Manny, Moe & Jack (NYSE: "PBY"), the nation's leading automotive aftermarket retail and service chain, announced today certain revisions to its shareholder rights plan consistent with corporate governance best practices.

As part of a previously announced agreement with a group of investors led by Barington Capital Group, L.P., the Company amended the plan (1) to include a "TIDE" provision that requires a committee of independent directors to meet not less than once every three years to review the terms and conditions of the plan, including whether the termination or modification of the plan is in the best interest of the Company and its shareholders and (2) eliminate the plan's "modified slow-hand" provision (requiring the redemption of the plan to be approved by those directors who are unrelated to a potential acquirer) and in its place permit the redemption of the plan by the full Board of Directors.

Pep Boys has 593 stores and more than 6,000 service bays in 36 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800 -PEP-BOYS or by visiting pepboys.com.

  • Contact:
  • Pep Boys, Philadelphia
  • Investor Contact: Harry Yanowitz, 215-430-9720
  • Media Contact: Bill Furtkevic, 215-430-9676
  • Internet: http://www.pepboys.com
 
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