---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-041539"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:45:40.282379+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CarMax adds Cobb and Kessler to board; Starboard withdraws nominations

## Summary
- CarMax nominates William Cobb (CEO, Frontdoor; former H&R Block CEO) and James Kessler (CEO, RB Global) as new directors for 2026 Annual Meeting.
- Both directors are independent under NYSE listing standards; no family relationships or related-party transactions disclosed.
- Nominations follow constructive engagement with Starboard Value; Starboard withdraws its director nominations for 2026 meeting.
- Interim Executive Chair Tom Folliard and CEO Keith Barr express support for board refreshment and long-term value creation.

## SEC filing metadata
- accession: 0001104659-26-041539
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000110465926041539/0001104659-26-041539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000110465926041539/tm2611421d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-041539
- JSON: https://secwatch.observer/filing/0001104659-26-041539.json
- Plain text: https://secwatch.observer/filing/0001104659-26-041539.txt

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