---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-25-000117"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T02:05:43.090263+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CEO Ken Booth to retire Jan 2026; Vinayak Hegde appointed as next CEO effective Nov 13, 2025

## Summary
- Kenneth S. Booth retires as CEO and President effective Jan 31, 2026; will remain a board member.
- Vinayak R. Hegde, previously a board member, appointed CEO and President effective Nov 13, 2025.
- Hegde receives $1.1M base salary, $500K signing bonus, and 140,000 RSUs vesting over 10 years.
- Hegde was most recently Consumer CMO at T-Mobile and held leadership roles at Amazon, Airbnb, and Groupon.

## SEC filing metadata
- accession: 0000885550-25-000117
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555025000117/0000885550-25-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555025000117/cacc-20251025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-25-000117
- JSON: https://secwatch.observer/filing/0000885550-25-000117.json
- Plain text: https://secwatch.observer/filing/0000885550-25-000117.txt

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