Copart Announces Director, Officer, and Compensation Changes
Ticker: CPRT · Form: 8-K · Filed: Mar 12, 2024 · CIK: 900075
| Field | Detail |
|---|---|
| Company | Copart INC (CPRT) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: CPRT
TL;DR
Copart reshuffled its board and execs, effective March 8th. New comp plans in play.
AI Summary
Copart, Inc. announced on March 8, 2024, a series of significant corporate actions. These include the election of new directors, the appointment of new officers, and adjustments to executive compensation arrangements. The company also filed amendments to its articles of incorporation and bylaws, and reported on its fiscal year end. These changes are effective as of March 8, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation structures can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Copart, Inc. (company) — Registrant
- March 8, 2024 (date) — Effective date of reported events
FAQ
Who were the newly elected directors or appointed officers?
The filing indicates the election of directors and appointment of officers but does not list specific names in the provided text.
What specific changes were made to executive compensation arrangements?
The filing mentions compensatory arrangements of certain officers but does not detail the specific changes in the provided text.
What were the key amendments to Copart's articles of incorporation or bylaws?
The filing notes amendments to articles of incorporation or bylaws but does not specify the content of these amendments in the provided text.
What is Copart's fiscal year end?
Copart's fiscal year end is July 31st.
What is the primary business of Copart, Inc. according to the filing?
Copart, Inc. is classified under RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500].
Filing Stats: 1,030 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-03-12 06:08:01
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share CPRT The Nasdaq Global St
Filing Documents
- d760136d8k.htm (8-K) — 33KB
- d760136dex31.htm (EX-3.1) — 90KB
- d760136dex101.htm (EX-10.1) — 10KB
- d760136dex991.htm (EX-99.1) — 6KB
- 0001193125-24-065335.txt ( ) — 293KB
- cprt-20240308.xsd (EX-101.SCH) — 3KB
- cprt-20240308_lab.xml (EX-101.LAB) — 18KB
- cprt-20240308_pre.xml (EX-101.PRE) — 11KB
- d760136d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 3.1 Amended and Restated Bylaws, effective April 1, 2024 10.1 Corporate Aircraft Personal Use Policy 99.1 Press release, dated March 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COPART, INC. Dated: March 12, 2024 By: /s/ Leah Stearns Leah Stearns, Chief Financial Officer 4