UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   November 17, 2014

Genuine Parts Company
__________________________________________
(Exact name of registrant as specified in its charter)

     
Georgia 001-05690 58-0254510
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
2999 Circle 75 Pkwy, Atlanta, Georgia   30339
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   770.953.1700

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 17, 2014, William J. Stevens informed the Board of Directors of Genuine Parts Company of his plan to retire as CEO of Motion Industries, the Company’s industrial parts distribution business, effective November 17, 2014, and to retire as Chairman of Motion Industries effective March 1, 2015. Following Mr. Stevens' announcement, the Board elected Timothy P. Breen to the position of President and Chief Executive Officer of Motion Industries, effective November 17, 2014. Previously, Mr. Breen was President and COO of Motion Industries. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.





Item 8.01 Other Events.

On November 17, 2014, the Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of $.5750 cents per share on the Company's common stock. The dividend is payable January 2, 2015 to shareholders of record December 5, 2014.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated November 17, 2014





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Genuine Parts Company
          
November 17, 2014   By:   Carol B. Yancey
       
        Name: Carol B. Yancey
        Title: Executive Vice President and CFO

Exhibit Index


     
Exhibit No.   Description
 
99.1
  Press Release dated November 17, 2014


GENUINE PARTS COMPANY

NEWS RELEASE

FOR IMMEDIATE RELEASE

     
Contacts:  
Carol B. Yancey, Executive Vice President and CFO – (770) 612-2044
Sidney G. Jones, Vice President — Investor Relations – (770) 818-4628

GENUINE PARTS COMPANY
ANNOUNCES OFFICER CHANGE AND
DECLARES REGULAR QUARTERLY DIVIDEND

Atlanta, Georgia, November 17, 2014 –Genuine Parts Company (NYSE: GPC) announced today that Bill Stevens, Chairman and CEO of Motion Industries, the Company’s industrial parts distribution business, has announced his plan to retire on March 1, 2015. Accordingly, the Board of Directors elected Timothy P. Breen to the position of President and Chief Executive Officer of Motion Industries, effective today. Previously, Mr. Breen was President and COO of Motion Industries. Mr. Stevens will remain as Chairman of Motion Industries until his retirement in early 2015.

Tom Gallagher, Chairman and CEO of Genuine Parts Company, commented, “We want to thank Bill for his 37 years of dedicated service to Motion Industries, including the last 18 years as CEO. Motion Industries is the leading industrial distribution company in North America, largely attributable to Bill’s leadership and we wish him the very best in the years ahead.”

Mr. Gallagher added, “Tim is a talented executive and well deserving of his expanded and important role. Tim is a proven leader with tremendous industry experience and is the right person to lead Motion to further success in the years ahead. We look forward to his many future contributions.”

Mr. Breen began his career in 1982 at Berry Bearing Company which was acquired by Motion Industries in 1993. Throughout his 33 year career, Tim has held a variety of significant positions, including EVP and COO of Motion’s U.S. operations and, most recently, President and COO.

Additionally, the Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of fifty-seven and one-half cents ($.5750) per share on the Company’s common stock.

The dividend is payable January 2, 2015 to shareholders of record December 5, 2014.

About Genuine Parts Company

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico and Australasia. The Company also distributes industrial replacement parts in the U.S., Canada and Mexico through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico. Genuine Parts Company had 2013 revenues of $14.1 billion.

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