Credit Acceptance Corp. Files 8-K on Security Holder Vote

Ticker: CACC · Form: 8-K · Filed: 2024-06-05T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, shareholder-meeting

Related Tickers: CACC

TL;DR

CACC is having a shareholder vote soon, details TBD.

AI Summary

On June 5, 2024, Credit Acceptance Corp. filed an 8-K report to announce the submission of matters to a vote of its security holders. The filing does not contain specific details about the matters to be voted on or any associated financial implications.

Why It Matters

This filing indicates that Credit Acceptance Corp. is convening a meeting where shareholders will vote on certain corporate matters, which could potentially impact the company's governance or strategic direction.

Risk Assessment

Risk Level: low — The filing is procedural and does not disclose any new financial information or significant corporate events that would immediately impact risk.

Key Players & Entities

FAQ

What specific matters will be submitted for a vote by Credit Acceptance Corp.'s security holders?

The filing does not specify the exact matters to be voted on, only that such matters will be submitted.

When is the anticipated date for the vote of security holders?

The filing does not provide a specific date for the vote, only that the report is being filed on June 5, 2024.

Has Credit Acceptance Corp. previously changed its name or address?

Yes, the company was formerly known as Credit Acceptance Corporation and its last name change date was March 28, 1993.

What is the principal executive office address for Credit Acceptance Corp.?

The principal executive offices are located at 25505 West Twelve Mile Road, Southfield, Michigan 48034-8339.

Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?

This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 577 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-06-05 16:07:13

Filing Documents

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. On June 5, 2024, Credit Acceptance held its Annual Meeting of Shareholders at which shareholders: 1. Elected six directors to serve until the 2025 annual meeting; 2. Approved an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan; 3. Approved named executive officer compensation on an advisory basis; 4. Ratified the selection of Grant Thornton LLP as our independent registered public accounting firm for 2024. Shareholders cast their votes on each of these four proposals as follows: 1. Election of six directors to serve until the 2025 Annual Meeting of Shareholders: Director Nominees For Withheld Broker Non Votes Kenneth S. Booth 6,935,538 44,584 2,013,976 Glenda J. Flanagan 6,424,031 556,091 2,013,976 Vinayak R. Hegde 6,719,777 260,345 2,013,976 Sean E. Quinn 6,964,871 15,251 2,013,976 Thomas N. Tryforos 6,635,141 344,981 2,013,976 Scott J. Vassalluzzo 6,668,295 311,827 2,013,976 2. Approval of an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan: For Against Abstain Broker Non Votes 6,905,095 72,537 2,490 2,013,976 3. Approval of the advisory vote on named executive officer compensation: For Against Abstain Broker Non Votes 6,867,145 109,552 3,425 2,013,976 4. Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2024: For Against Abstain Broker Non Votes 8,963,346 28,982 1,770 —

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. CREDIT ACCEPTANCE CORPORATION Date: June 5, 2024 By: /s/ Jay D. Martin Jay D. Martin Chief Financial Officer

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