---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-24-000009"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:52:32.831566+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance appoints Jay Martin as CFO, replacing CEO Booth as principal financial officer

## Summary
- Jay Martin appointed CFO effective Jan 23, 2024; previously SVP Finance and Accounting.
- Base salary increased from $400k to $525k; granted 600 RSUs vesting in one year.
- CEO Ken Booth ceases as principal financial officer but remains CEO.
- Quarterly earnings to be reported on January 31, 2024.
- Martin joined Credit Acceptance in 2003; led accounting and financial reporting.

## SEC filing metadata
- accession: 0000885550-24-000009
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555024000009/0000885550-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555024000009/cacc-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000009
- JSON: https://secwatch.observer/filing/0000885550-24-000009.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000009.txt

## Key facts
- Executive change
  Kenneth S. Booth changed role as Chief Executive Officer at CREDIT ACCEPTANCE CORP.
  - Action: ceased to serve as principal financial officer
  - Role: Chief Executive Officer
  source text: On January 23, 2024, upon Mr. Martin’s appointment as the Company’s Chief Financial Officer, Kenneth S. Booth, the Company’s Chief Executive Officer, ceased to serve as the Company’s principal financial officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555024000009/0000885550-24-000009-index.htm
- Executive change
  Jay D. Martin was appointed as Chief Financial Officer at CREDIT ACCEPTANCE CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On January 23, 2024, effective on such date, the board of directors (the “Board”) of Credit Acceptance Corporation (referred to as the “Company,” “Credit Acceptance,” “we,” “our” or “us”) appointed Jay D. Martin, who had been serving as our Senior Vice President, Finance and Accounting and, as such, our principal accounting officer, as the Company’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555024000009/0000885550-24-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.