8-K
filed June 2, 2023, 7:59 PM ET
ticker CACC
CIK 0000885550
other
confidence high
sentiment neutral
materiality 0.10
Credit Acceptance shareholders approve all five proposals at 2023 annual meeting
CREDIT ACCEPTANCE CORP
- Five director nominees elected with between 95.7% and 99.5% of votes cast for each.
- Amendment to Amended and Restated Incentive Compensation Plan approved (7,278,981 for, 49,161 against).
- Say-on-pay advisory vote passed with 7,108,069 for; frequency of every year favored by 7,179,516.
- Ratification of Grant Thornton LLP as auditor for 2023 approved (10,641,874 for, 2,638 against).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CREDIT ACCEPTANCE CORP shareholders approved Approval of an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan at the 2023-06-02 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
2. Approval of an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan: For Against Abstain Broker Non Votes 7,278,981 49,161 2,583 3,316,185
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CREDIT ACCEPTANCE CORP shareholders approved Advisory vote on the frequency of future advisory votes to approve named executive officer compensation at the 2023-06-02 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
4. Advisory vote on the frequency of future advisory votes to approve named executive officer compensation: 1 Year 2 Years 3 Years Abstain Broker Non Votes 7,179,516 1,108 147,565 2,536 3,316,185
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CREDIT ACCEPTANCE CORP shareholders approved Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2023 at the 2023-06-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
5. Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2023: For Against Abstain Broker Non Votes 10,641,874 2,638 2,398 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CREDIT ACCEPTANCE CORP shareholders approved Election of five directors to serve until the 2024 annual meeting at the 2023-06-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
1. Election of five directors to serve until the 2024 Annual Meeting of Shareholders: Director Nominees For Withheld Broker Non Votes Kenneth S. Booth 7,293,580 37,145 3,316,185 Glenda J. Flanagan 7,017,694 313,031 3,316,185 Vinayak R. Hegde 7,190,225 140,500 3,316,185 Thomas N. Tryforos 7,118,997 211,728 3,316,185 Scott J. Vassalluzzo 7,156,518 174,207 3,316,185
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CREDIT ACCEPTANCE CORP shareholders approved Approval of named executive officer compensation on an advisory basis at the 2023-06-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
3. Approval of the advisory vote on named executive officer compensation: For Against Abstain Broker Non Votes 7,108,069 218,979 3,677 3,316,185
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.