---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-26-000130"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2026-06-10T20:40:18+00:00"
generated_at: "2026-06-10T20:41:11.333495+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885550-26-000130
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2026-06-10T20:40:18+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/885550/000088555026000130/0000885550-26-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555026000130/cacc-20260605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-26-000130
- JSON: https://secwatch.observer/filing/0000885550-26-000130.json
- Plain text: https://secwatch.observer/filing/0000885550-26-000130.txt

## Key facts
- Executive change
  Jay D. Martin retired as Chief Financial Officer at CREDIT ACCEPTANCE CORP.
  - Action: retired
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555026000130/0000885550-26-000130-index.htm
- Executive change
  Joseph Billante was appointed as Chief Financial Officer at CREDIT ACCEPTANCE CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555026000130/0000885550-26-000130-index.htm

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