Credit Acceptance Corp. DEF 14A Filing
Ticker: CACC · Form: DEF 14A · Filed: 2025-04-24T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
Related Tickers: CACC
TL;DR
CACC DEF 14A out: Exec comp details for Booth & Roberts, FY24 covered.
AI Summary
Credit Acceptance Corp. filed a DEF 14A on April 24, 2025, detailing executive compensation and corporate governance matters. The filing covers the fiscal year ending December 31, 2024, and includes information on compensation for key individuals such as Kenneth S. Booth and Brett A. Roberts. The company, headquartered in Southfield, MI, operates in the personal credit institutions sector.
Why It Matters
This filing provides crucial insights into the compensation packages and governance practices of Credit Acceptance Corp.'s leadership, which can influence investor decisions and company strategy.
Risk Assessment
Risk Level: medium — DEF 14A filings often contain information about executive compensation and corporate governance that can signal potential risks or changes in company direction.
Key Numbers
- 20250424 — Filing Date (Date the DEF 14A was filed with the SEC.)
- 2024-12-31 — Fiscal Year End (The period covered by the compensation and governance information.)
Key Players & Entities
- Credit Acceptance Corp. (company) — Filer
- Kenneth S. Booth (person) — Executive/Director
- Brett A. Roberts (person) — Executive/Director
- 25505 WEST TWELVE MILE ROAD (location) — Business Address
- SOUTHFIELD, MI (location) — Business Address City/State
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit proxies from shareholders for an upcoming annual or special meeting of shareholders.
Who are the key individuals mentioned in relation to compensation in this filing?
Kenneth S. Booth and Brett A. Roberts are mentioned in relation to compensation and board membership.
What is the business address of Credit Acceptance Corp.?
The business address is 25505 WEST TWELVE MILE ROAD, SOUTHFIELD, MI 48034-8334.
What is the Standard Industrial Classification (SIC) code for Credit Acceptance Corp.?
The SIC code is 6141, which corresponds to Personal Credit Institutions.
What is the filing date of this DEF 14A?
The filing date is April 24, 2025.
From the Filing
0000885550-25-000046.txt : 20250424 0000885550-25-000046.hdr.sgml : 20250424 20250424080106 ACCESSION NUMBER: 0000885550-25-000046 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20250604 FILED AS OF DATE: 20250424 DATE AS OF CHANGE: 20250424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREDIT ACCEPTANCE CORP CENTRAL INDEX KEY: 0000885550 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] ORGANIZATION NAME: 02 Finance EIN: 381999511 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20202 FILM NUMBER: 25863623 BUSINESS ADDRESS: STREET 1: 25505 WEST TWELVE MILE ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034-8334 BUSINESS PHONE: 2483532700 MAIL ADDRESS: STREET 1: 25505 WEST TWELVE MILE ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034-8334 FORMER COMPANY: FORMER CONFORMED NAME: CREDIT ACCEPTANCE CORPORATION DATE OF NAME CHANGE: 19930328 DEF 14A 1 cacc-20250423.htm DEF 14A cacc-20250423 DEF 14A false 0000885550 iso4217:USD 0000885550 2024-01-01 2024-12-31 0000885550 2021-05-04 2021-12-31 0000885550 2023-01-01 2023-12-31 0000885550 2021-01-01 2021-12-31 0000885550 2021-01-01 2021-05-03 0000885550 cacc:KennethSBoothMember 2025-01-01 2025-12-31 0000885550 2025-01-01 2025-12-31 0000885550 cacc:KennethSBoothMember 2024-01-01 2024-12-31 0000885550 cacc:KennethSBoothMember 2023-01-01 2023-12-31 0000885550 cacc:KennethSBoothMember 2022-01-01 2022-12-31 0000885550 cacc:BrettARobertsMember 2022-01-01 2022-12-31 0000885550 2022-01-01 2022-12-31 0000885550 cacc:BrettARobertsMember 2021-01-01 2021-12-31 0000885550 cacc:KennethSBoothMember 2021-05-04 2021-12-31 0000885550 cacc:BrettARobertsMember 2021-01-01 2021-05-03 0000885550 cacc:DeductionForAmountsReportedUnderTheOptionAwardsColumnInTheSCTMember ecd:PeoMember cacc:KennethSBoothMember 2025-01-01 2025-12-31 0000885550 cacc:DeductionForAmountsReportedUnderTheOptionAwardsColumnInTheSCTMember ecd:PeoMember cacc:KennethSBoothMember 2024-01-01 2024-12-31 0000885550 cacc:DeductionForAmountsReportedUnderTheOptionAwardsColumnInTheSCTMember ecd:PeoMember cacc:KennethSBoothMember 2023-01-01 2023-12-31 0000885550 cacc:DeductionForAmountsReportedUnderTheOptionAwardsColumnInTheSCTMember ecd:PeoMember cacc:KennethSBoothMember 2021-05-04 2021-12-31 0000885550 cacc:DeductionForAmountsReportedUnderTheOptionAwardsColumnInTheSCTMember ecd:PeoMember cacc:BrettARobertsMember 2021-01-01 2021-05-03 0000885550 cacc:DeductionForAmountsReportedUnderTheOptionAwardsColumnInTheSCTMember ecd:PeoMember cacc:BrettARobertsMember 2021-01-01 2021-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember cacc:KennethSBoothMember 2025-01-01 2025-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember cacc:KennethSBoothMember 2024-01-01 2024-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember cacc:KennethSBoothMember 2023-01-01 2023-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember cacc:KennethSBoothMember 2021-05-04 2021-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember cacc:BrettARobertsMember 2021-01-01 2021-05-03 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatRemainUnvestedAsOfYearEndMember ecd:PeoMember cacc:BrettARobertsMember 2021-01-01 2021-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatVestedDuringYearMember ecd:PeoMember cacc:KennethSBoothMember 2025-01-01 2025-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatVestedDuringYearMember ecd:PeoMember cacc:KennethSBoothMember 2024-01-01 2024-12-31 0000885550 cacc:IncreaseForFairValueOfOptionAwardsGrantedDuringYearThatVestedDuringYe