Monro Extends AlixPartners Consulting Agreement for Operational Improvement Plan
Monro, Inc. announced that it has entered into an amendment to its consulting agreement with AlixPartners, LLP. The amendment extends AlixPartners' engagement through December 27, 2025, for the next phase of the company's operational improvement plan. Under the revised agreement, Monro will pay AlixPartners an aggregate fee of $2.2 million for services including embedding capabilities, transitioning tools, and supporting revenue acceleration efforts. The company's President and CEO, Peter Fitzsimmons, is also a partner and managing director at AlixPartners and serves Monro under an engagement letter with AP Services, LLC, an affiliate of AlixPartners. Monro plans to file the amendment as an exhibit in its next Quarterly Report on Form 10-Q.
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