Business Context and Reporting Period
Credit Acceptance Corporation (CACC) filed a Form 8-K on July 21, 2026, reporting a corporate governance event. The registrant is incorporated in Michigan and trades on The Nasdaq Stock Market.
Financial Metrics
This filing does not contain financial data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The Board of Directors has reduced its size from six directors to five directors following the resignation of Kenneth S. Booth.
Management Commentary and Risks
Management stated that Mr. Booth's resignation is not due to any disagreement with the Company, its management, the Board, or any committee. The Company expressed gratitude for Mr. Booth's long-time service. No new risks, contingencies, or unusual items were disclosed.
Key Facts for Investors
- Kenneth S. Booth resigned from the Board of Directors effective July 21, 2026.
- The Board size was reduced from six to five members.
- The resignation was voluntary and unrelated to any disagreement regarding company operations or financial reporting.
- Erin J. Kerber, Chief Legal Officer, signed the report on July 22, 2026.