secwatch.observer — SEC 8-K summary
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Issuer:     COPART INC (CPRT)
CIK:        0000900075
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0000900075-22-000017
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/900075/000090007522000017/0000900075-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/900075/000090007522000017/cprt-20220330.htm
  HTML page:      https://secwatch.observer/filing/0000900075-22-000017

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