Credit Acceptance appoints Joe Billante as CFO; Jay Martin retiring after 23 years

CREDIT ACCEPTANCE CORP

Jay Martin, CFO since 2003, retires July 27, 2026; will consult through Aug 31 at same pay.
Joe Billante, ex-Barracuda Networks CFO and eBay finance exec, named CFO effective July 27.
Billante compensation: $750K base salary, $300K signing bonus, 26,223 RSUs vesting over 10 years.
Billante brings 25+ years experience including CFO roles at eBay Europe/Greater China and GE Healthcare.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jay D. Martin

Chief Financial Officer

CACC · CREDIT ACCEPTANCE CORP

Effective: 2026-07-27
Successor: Joseph Billante
Filed: June 10, 2026, 4:40 PM ET

On June 5, 2026, Jay D. Martin, Chief Financial Officer of Credit Acceptance Corporation (referred to as the “Company,” “Credit Acceptance,” “we,” “our” or “us”) and, as such, the Company’s principal financial officer and principal accounting officer, informed the Company that he has decided to retire as an officer and employee of the Company effective July 27, 2026.

Appointed

Joseph Billante

Chief Financial Officer

CACC · CREDIT ACCEPTANCE CORP

Effective: 2026-07-27
Filed: June 10, 2026, 4:40 PM ET

On June 8, 2026, the board of directors of the Company (the “Board”) elected and appointed Joseph Billante to succeed Mr. Martin as the Company’s Chief Financial Officer effective July 27, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay D. Martin retired as Chief Financial Officer at CREDIT ACCEPTANCE CORP.

Action: retired
Role: Chief Financial Officer

Exact text from the filing

On June 5, 2026, Jay D. Martin, Chief Financial Officer of Credit Acceptance Corporation (referred to as the “Company,” “Credit Acceptance,” “we,” “our” or “us”) and, as such, the Company’s principal financial officer and principal accounting officer, informed the Company that he has decided to retire as an officer and employee of the Company effective July 27, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Billante was appointed as Chief Financial Officer at CREDIT ACCEPTANCE CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On June 8, 2026, the board of directors of the Company (the “Board”) elected and appointed Joseph Billante to succeed Mr. Martin as the Company’s Chief Financial Officer effective July 27, 2026.

View on SEC.gov

CREDIT ACCEPTANCE CORP filing history →

Source: SEC EDGAR

accession 0000885550-26-000130

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