Americas Car-Mart Files 8-K: Director/Officer Changes & More

TL;DR

ACM filing 8-K: Board/exec changes, comp plans, and financial updates filed 9/24.

AI Summary

Americas Car-Mart, Inc. filed an 8-K on September 24, 2024, reporting changes in directors and officers, and compensatory arrangements. The filing also includes a Regulation FD Disclosure and financial statements/exhibits, indicating potential updates or disclosures relevant to the company's governance and financial health.

Why It Matters

Changes in a company's board of directors and executive officers, along with updates on compensation, can signal shifts in strategic direction or operational focus.

Risk Assessment

Risk Level: medium — Filings related to director/officer changes and compensatory arrangements can sometimes precede or accompany significant strategic shifts or financial performance indicators.

Key Players & Entities

• AMERICAS CARMART INC (company) — Registrant
• 0000799850 (company) — Central Index Key
• September 24, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share CRMT NASDAQ Global Select M
• $400,000 — r will receive an annual base salary of $400,000, or such higher annual salary approved
• $200,000 — er will receive a cash signing bonus of $200,000, half of which will be payable within 3
• $250,000 — of the Company's common stock valued at $250,000, which will vest in its entirety on the
• $150,000 — common stock in December 2024 valued at $150,000, the terms of which will be determined

Filing Documents

• f8k_091924.htm (8-K) — 27KB
• exh_101.htm (EX-10.1) — 98KB
• exh_991.htm (EX-99.1) — 4KB
• logo.jpg (GRAPHIC) — 33KB
• 0001171843-24-005335.txt ( ) — 373KB
• crmt-20240924.xsd (EX-101.SCH) — 3KB
• crmt-20240924_lab.xml (EX-101.LAB) — 33KB
• crmt-20240924_pre.xml (EX-101.PRE) — 22KB
• f8k_091924_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 24, 2024, America's Car-Mart, Inc. (the "Company") announced the appointment of Jamie Fischer as Chief Operating Officer of the Company, effective October 7, 2024 (the "Effective Date"). Ms. Fischer will report to Douglas Campbell, President and Chief Executive Officer of the Company. Ms. Fischer, age 45, most recently served as Head of Operations at DriveTime Automotive Group, Inc. ("DriveTime") since 2021. She previously served as Senior Managing Director of Retail and Inventory Operations for DriveTime from 2018 until 2021 and held various leadership positions in operations and human resources management for DriveTime and its affiliated automotive warranty company, SilverRock, Inc., from 2012 to 2018. Prior to joining DriveTime, Ms. Fischer gained nearly a decade of experience in the auto retail industry, where she focused on operations and leadership development. In connection with Ms. Fischer's appointment as Chief Operating Officer, the Company's principal operating subsidiary entered into a binding employment offer letter with Ms. Fischer dated September 19, 2024. Under the terms of the offer letter, Ms. Fischer will receive an annual base salary of $400,000, or such higher annual salary approved by the Board of Directors (the "Board"). She will have the right to participate in any operating subsidiary 401(k) profit sharing plan, as well as the medical and life insurance programs offered by the Company's operating subsidiary, the Company's nonqualified deferred compensation plan and any other employee benefit plans and programs provided to similarly situated employees. Following the effectiveness of her appointment, Ms. Fischer will receive a cash signing bonus of $200,000, half of which will be payable within 30 days of the Effective Date, with the remaining half to be payable on the 1

01

Item 7.01. Regulation FD Disclosure. On September 24, 2024, the Company issued a press release announcing the appointment of Jamie Fischer as Chief Operating Officer of the Company effective October 7, 2024. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. In accordance with General Instruction B.2., the information contained in Item 7.01 of this Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act. The Company undertakes no obligation to update or revise this information.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. 10.1 Offer Letter, dated as of September 19, 2024, between America's Car Mart, Inc., an Arkansas corporation, and Jamie Fischer. 99.1 Press release dated September 24, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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. America's Car-Mart, Inc. Date: September 24, 2024 /s/ Vickie D. Judy Vickie D. Judy Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR