---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-26-000189"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2026-09-04T20:01:56+00:00"
generated_at: "2026-09-04T20:03:03.315957+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885550-26-000189
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2026-09-04T20:01:56+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555026000189/0000885550-26-000189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555026000189/cacc-20260903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-26-000189
- JSON: https://secwatch.observer/filing/0000885550-26-000189.json
- Plain text: https://secwatch.observer/filing/0000885550-26-000189.txt

## Key facts
- Executive change
  Jay D. Martin departed as Chief Financial Officer at CREDIT ACCEPTANCE CORP.
  - Action: Separation agreement
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555026000189/0000885550-26-000189-index.htm

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