---
schema_version: "secwatch.filing_event.v1"
accession: "0000900075-22-000017"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2022-03-31T23:59:59+00:00"
generated_at: "2026-06-26T12:57:31.036175+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000900075-22-000017
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2022-03-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000090007522000017/0000900075-22-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000090007522000017/cprt-20220330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000900075-22-000017
- JSON: https://secwatch.observer/filing/0000900075-22-000017.json
- Plain text: https://secwatch.observer/filing/0000900075-22-000017.txt

## Key facts
- Executive change
  Jeffrey Liaw was elected as co-chief executive officer at COPART INC.
  - Action: elected
  - Role: co-chief executive officer
  source text: unanimously elected Jeffrey Liaw as co-chief executive officer, effective April 1, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000090007522000017/0000900075-22-000017-index.htm

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