Business Context and Reporting Period
This Form 8-K is a current report filed by CarMax, Inc. on April 8, 2026. The filing addresses corporate governance matters specifically regarding the nomination of new directors for the 2026 Annual Meeting of Stockholders.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on board nominations and does not contain financial performance data.
Material Changes
The material change reported is the nomination of two new independent directors to the Board of Directors:
- William C. Cobb: Age 69, currently CEO of Frontdoor, Inc. Former CEO of H&R Block, Inc. and senior executive at eBay Inc., PepsiCo, Inc., and Yum! Brands, Inc.
- James Kessler: Age 53, currently CEO of RB Global, Inc. Former President of Emerging Business at Caliber Collision and COO of ABRA Auto Body & Glass.
Both nominees are deemed independent under NYSE listing standards. No family relationships or related party transactions were disclosed.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, management commentary on operations, or specific risk factors. The only compensation detail provided is that the new directors will participate in the standard non-employee director compensation program, consisting of an annual cash retainer, restricted stock units, and board service fees.
Key Facts for Investor Verification
- Verify the election results for William C. Cobb and James Kessler at the 2026 Annual Meeting.
- Review the definitive proxy statement for full biographical details and potential conflicts of interest.
- Confirm the specific terms of the non-employee director compensation program in the next quarterly or annual report.
- Note that this filing contains no financial performance updates; refer to the most recent 10-Q or 10-K for financial metrics.