Business Context and Reporting Period
This Form 8-K filing by CARMAX, INC. was submitted on June 3, 2026. The report discloses a material change in corporate leadership regarding the Principal Accounting Officer (PAO) role.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Departure: Jill Livesay, Vice President, Controller, and Principal Accounting Officer, notified the Company of her retirement effective July 31, 2026.
- Reason for Departure: The retirement is voluntary and not the result of any disagreement with the Company regarding operations, policies, accounting principles, financial statements, or internal controls.
- Appointment: Enrique N. Mayor-Mora, currently the Executive Vice President and Chief Financial Officer, has been appointed as the new Principal Accounting Officer effective upon Ms. Livesay's retirement.
Management Commentary and Risks
Biographical Background: Mr. Mayor-Mora, age 57, has been with CarMax for 15 years. His tenure includes roles as Vice President of Finance (2011), Vice President and Treasurer (2016), Senior Vice President and CFO (2019), and Executive Vice President and CFO (2022). Prior experience includes positions at Denny's Corporation and Gap, Inc.
Compensation: Mr. Mayor-Mora will receive no adjustment to his compensation or additional compensation for assuming the PAO duties.
Conflicts of Interest: The filing states there are no arrangements regarding his selection, no family relationships with directors or officers, and no material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the effective date of the leadership transition (July 31, 2026).
- Confirm that the departure of the Controller was not related to any accounting disputes or internal control issues.
- Review Mr. Mayor-Mora's prior experience as CFO to assess continuity in financial oversight.
- Note that no additional compensation was triggered by this appointment.