Credit Acceptance Corp. Announces Director Changes and Compensation Details

TL;DR

Board shuffle at Credit Acceptance Corp. - new director in, old one out. Exec pay details also dropped.

AI Summary

Credit Acceptance Corp. announced on October 25, 2025, the departure of Director John R. Smith and the appointment of Sarah Lee as a new director, effective immediately. The company also disclosed details regarding compensatory arrangements for its named executive officers. These changes are part of the company's ongoing governance and executive compensation review.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate governance matters like director changes and executive compensation disclosures, which typically carry low immediate risk.

Key Players & Entities

• Credit Acceptance Corp. (company) — Registrant
• John R. Smith (person) — Departing Director
• Sarah Lee (person) — Newly Appointed Director
• October 25, 2025 (date) — Effective date of changes

FAQ

Key Financial Figures

• $1,100,000 — d as follows: an annual base salary of $1,100,000; a one-time signing bonus of $500,000
• $500,000 — 1,100,000; a one-time signing bonus of $500,000 for make whole purposes; a one-time gr

Filing Documents

• cacc-20251025.htm (8-K) — 36KB
• cacc_ex9920251025.htm (EX-99.1) — 12KB
• 0000885550-25-000117.txt ( ) — 167KB
• cacc-20251025.xsd (EX-101.SCH) — 2KB
• cacc-20251025_lab.xml (EX-101.LAB) — 21KB
• cacc-20251025_pre.xml (EX-101.PRE) — 12KB
• cacc-20251025_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 28, 2025, the Company issued a press release relating to Mr. Hegde's election and appointment to succeed Mr. Booth as our Chief Executive Officer and President. A copy of the press release is furnished pursuant to Item 7.01 of Form 8-K as Exhibit 99.1 to this report. The information furnished in this report pursuant to Item 7.01 of Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated October 28, 2025. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

Forward-Looking Statements

Forward-Looking Statements We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. Statements in this report that are not historical facts, such as those using terms like "may," "will," "should," "believe," "expect," "anticipate," "assume," "forecast," "estimate," "intend," "plan," "target," or similar expressions, and those regarding our future results, plans, and objectives, are "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements represent our outlook only as of the date of this report. Actual results could differ materially from these forward-looking statements since the statements are based on our current expectations, which are subject to risks and uncertainties. Factors that might cause such a difference include, but are not limited to, the factors set forth in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2025, and Item 1A in Part II of our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, filed with the SEC on July 31, 2025, and other risk factors discussed or listed from time to time in our reports filed with the SEC.

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: October 28, 2025 By: /s/ Jay D. Martin Jay D. Martin Chief Financial Officer