secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001104659-26-041539
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarMax adds Cobb and Kessler to board; Starboard withdraws nominations
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000110465926041539/0001104659-26-041539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000110465926041539/tm2611421d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-041539

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer