Credit Acceptance signs separation deal with ex-CFO Jay Martin; advisor role through Feb 2027

CREDIT ACCEPTANCE CORP

Separation agreement dated Sept 3, 2026 with Jay D. Martin, former CFO (role ended July 27, 2026).
Martin serves as unsalaried advisor through Feb 1, 2027, ~15 hours/month.
Lump sum $4,000 pre-tax for COBRA premiums; 3 months medical/dental/vision at no cost.
Outstanding equity awards continue vesting per existing schedule during term.
Agreement includes general release of claims by Martin in favor of company.

item 5.02

Executive movements

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Departed

Jay D. Martin

Chief Financial Officer

CACC · CREDIT ACCEPTANCE CORP

Effective: 2026-07-27
Filed: September 4, 2026, 4:01 PM ET

entered into a separation agreement and general release (the “Separation Agreement”) with Jay D. Martin, the Company’s former Chief Financial Officer, who had been serving as an employee advisor to the Company since his tenure as Chief Financial Officer ended on July 27, 2026.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.9

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

Action: Separation agreement
Role: Chief Financial Officer

Exact text from the filing

entered into a separation agreement and general release (the “Separation Agreement”) with Jay D. Martin, the Company’s former Chief Financial Officer, who had been serving as an employee advisor to the Company since his tenure as Chief Financial Officer ended on July 27, 2026.

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Source: SEC EDGAR

accession 0000885550-26-000189

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