Business Context and Reporting Period
Company: Credit Acceptance Corporation (CACC)
Filing Type: Form 8-K (Current Report)
Date of Report: January 20, 2026
Event: Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (Item 5.02).
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive departures and associated compensation arrangements.
Material Changes and Executive Departures
Effective February 1, 2026, two senior officers will retire from Credit Acceptance Corporation:
- Arthur L. Smith: Chief Analytics Officer.
- Daniel A. Ulatowski: Chief Sales Officer.
Both executives will transition to a non-employee advisor/consulting capacity until July 31, 2026. Their outstanding stock options will remain exercisable through December 30, 2026, in accordance with the Company's Incentive Compensation Plan.
Compensatory Arrangements and Outlook
Subject to the execution of separation and advisory agreements and a general release of claims, the following monthly consulting fees are expected:
| Executive | Monthly Consulting Fee | Advisory Period |
|---|---|---|
| Arthur L. Smith | $66,758.01 | Feb 1, 2026 – July 31, 2026 |
| Daniel A. Ulatowski | $64,166.67 | Feb 1, 2026 – July 31, 2026 |
Forward-Looking Statements: The filing includes standard safe harbor language regarding forward-looking statements, noting that actual results may differ due to risks outlined in the Company's 2024 Form 10-K and Q3 2025 Form 10-Q.
Investor Verification Checklist
- Verify the execution of the separation and advisory agreements for both executives.
- Confirm the status of the general release of claims required for the consulting fees.
- Review the Company's 2024 Form 10-K and Q3 2025 Form 10-Q for risk factors referenced in the forward-looking statements.
- Monitor subsequent filings for the appointment of permanent replacements for the Chief Analytics Officer and Chief Sales Officer roles.