Copart promotes Jeff Liaw to co-CEO effective April 1, 2022

COPART INC

Jeff Liaw appointed co-CEO alongside current CEO A. Jayson Adair.
Liaw joined Copart in 2016 as CFO, served as President and CEO North America.
Bylaws amended to allow the Board to appoint multiple chief executive officers.
New base salary of $900,000; annual target bonus of $1,100,000.
Equity awards: 50,000 RSUs and 500,000 stock options; RSU shares locked up until 2032.

item 5.02 item 5.03 item 9.01

Executive movements

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Role change

Jeffrey Liaw

co-chief executive officer

CPRT · COPART INC

Effective: 2022-04-01
Filed: March 31, 2022, 7:59 PM ET

unanimously elected Jeffrey Liaw as co-chief executive officer, effective April 1, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Liaw was elected as co-chief executive officer at COPART INC.

Action: elected
Role: co-chief executive officer

Exact text from the filing

unanimously elected Jeffrey Liaw as co-chief executive officer, effective April 1, 2022

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COPART INC filing history →

Source: SEC EDGAR

accession 0000900075-22-000017

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