On December 15, 2008, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) announced a final judgment under which ESL Partners, L.P. (“ESL”) and ZAM Holdings, L.P. (“ZAM”) will pay civil penalties of $525,000 and $275,000 respectively for failure to make timely filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, (the “HSR Act”) for their acquisitions of stock in AutoZone, Inc. (“AutoZone”.)1 Both companies were already owners of AutoZone securities; the deals for which the fines were levied were follow-on acquisitions.

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