secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0000885550-25-000117
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000117/0000885550-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000117/cacc-20251025.htm
  HTML page:      https://secwatch.observer/filing/0000885550-25-000117

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