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Stuart Schuette

ATD Realigns Senior Leadership Team

In a move American Tire Distributors Inc. (ATD) says reflects its evolution to date and accelerates the company’s ongoing transformation to becoming "the most connected and insightful automotive solutions provider in the industry," the company has realigned its senior leadership team.

Bankruptcy Court Signs Off on ATD's Reorganization Plan

The United States Bankruptcy Court for the District of Delaware has confirmed American Tire Distributors Inc.'s Plan of Reorganization. The company expects to complete its recapitalization and successfully emerge from Chapter 11 by the end of the year.

ATD Update: 'We Have Been Working With Our Suppliers as Normal'

In order to keep his customers in the loop during American Tire Distributors Inc.’s reorganization, CEO and President Stuart Schuette emailed out a quick update on the company’s recent business developments. They include clearing up some confusion about how some of its suppliers have reacted to the company’s Chapter 11 Reorganization bankruptcy filing.

Answers to 31 FAQs About ATD's Chapter 11 Filing

In the wee hours of Thursday, Oct. 4, 2018, American Tire Distributors Inc. (ATD) announced it was reorganizing under U.S. Bankruptcy Code protection. In a letter to employees the CEO answered the all-important question: "Is ATD going out of business?"

ATD Voluntarily Files for Chapter 11 Reorganization

American Tire Distributors Inc. (ATD) has entered into a definitive agreement with a majority of its bondholders on the terms of a recapitalization. To implement the agreement, the company voluntarily filed for reorganization under Chapter 11.

ATD Reduces Debt by Up to $1.1 Billion

American Tire Distributors Inc. (ATD) has reached an agreement in principle with holders of more than 70% of its bonds on the terms of a recapitalization transaction that will reduce the company’s debt by up to $1.1 billion. It also will provide financial flexibility as it continues its ongoing transformation.

More on ATD's Reorganization in Huntersville, N.C.

When CEO and President Stuart Schuette recently explained to American Tire Distributors Inc. associates why the company was downsizing its Field Support Center, the letter was long on strategic intiatives and short on details.