secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000885550-24-000009
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000009/0000885550-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000009/cacc-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000885550-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer