SEC Filing Summary: CARMAX INC (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by CarMax, Inc. on January 21, 2005, covering an event that occurred on January 18, 2005. The filing addresses a corporate governance amendment approved by the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is non-financial in nature and contains no financial statements or performance data.
Material Changes
The Board of Directors approved an amendment to Section 1.8 of the Company's Amended and Restated Bylaws. The change modifies the authority to adjourn shareholder meetings. Previously, the Bylaws did not explicitly grant this power to the chairman or a majority of shares represented. The revised Bylaws now allow either the chairman of a meeting or a majority of the shares represented at a meeting to adjourn the meeting.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. The document is strictly procedural regarding the Bylaws amendment.
Key Facts for Investor Verification
- The amendment to the Bylaws was approved on January 18, 2005.
- The change specifically affects the procedure for adjourning shareholder meetings.
- The full text of the amended Bylaws is attached as Exhibit 3.1.
- No financial performance data is included in this specific filing.