CarMax Reports Director/Officer Changes and Compensation

Ticker: KMX · Form: 8-K · Filed: 2025-05-15T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, director-changes

Related Tickers: KMX

TL;DR

KMX filed an 8-K for director/officer changes & comp. Details TBD.

AI Summary

CarMax, Inc. filed an 8-K on May 15, 2025, reporting events as of May 9, 2025. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. Specific details regarding names, dollar amounts, and precise dates of these events are not provided in this excerpt.

Why It Matters

Changes in key leadership and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing is procedural and reports on standard corporate governance events without immediate financial implications.

Key Numbers

Key Players & Entities

FAQ

What specific officer positions were affected by the appointments or departures?

The filing indicates appointments and departures of certain officers, but the specific positions are not detailed in this excerpt.

Were any new directors elected to the board?

Yes, the filing explicitly mentions the 'Election of Directors' as an item reported.

What is the nature of the 'Compensatory Arrangements' being reported?

The filing states that 'Compensatory Arrangements of Certain Officers' are being reported, but the specific details of these arrangements are not provided in this excerpt.

What is CarMax's state of incorporation?

CarMax, Inc. is incorporated in Virginia.

When is CarMax's fiscal year end?

CarMax's fiscal year ends on February 28.

From the Filing

0001170010-25-000078.txt : 20250515 0001170010-25-000078.hdr.sgml : 20250515 20250515161118 ACCESSION NUMBER: 0001170010-25-000078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250509 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250515 DATE AS OF CHANGE: 20250515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARMAX INC CENTRAL INDEX KEY: 0001170010 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services EIN: 541821055 STATE OF INCORPORATION: VA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31420 FILM NUMBER: 25953096 BUSINESS ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY CITY: RICHMOND STATE: VA ZIP: 23238 BUSINESS PHONE: (804) 747-0422 MAIL ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY CITY: RICHMOND STATE: VA ZIP: 23238 8-K 1 kmx-20250509.htm 8-K kmx-20250509 0001170010 false 0001170010 2025-05-09 2025-05-09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 May 9, 2025 Date of Report (date of earliest event reported) CARMAX, INC. (Exact name of registrant as specified in its charter) Virginia 1-31420 54-1821055 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 12800 Tuckahoe Creek Parkway 23238 Richmond, Virginia (Address of Principal Executive Offices) (Zip Code) ( 804 ) 747-0422 Registrant's telephone number, including area code Not applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock KMX New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On May 9, 2025, CarMax, Inc. (the “Company”) announced that James Lyski, the Company’s Executive Vice President and Chief Growth and Strategy Officer, will be leaving the Company effective June 8, 2025. Mr. Lyski is eligible to receive the benefits provided under Section 7.3 of his previously filed severance agreement with the Company, as amended and restated effective December 1, 2023, and filed as Exhibit 10.1 to CarMax’s Quarterly Report on Form 10-Q, filed January 5, 2024 (File No. 1-31420). 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 hereunt

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