---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-23-000118"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:01:07.794761+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# CarMax amends bylaws to adopt universal proxy rules and clarify meeting procedures

## Summary
- Adopted universal proxy rules, requiring evidence of compliance and allowing disregard of non-compliant nominations.
- Specified color of proxy cards reserved for Company use under universal proxy rules.
- Clarified that the chair of a shareholders' meeting has power to recess or adjourn.
- Made various technical, clarifying and conforming updates to the bylaws.

## SEC filing metadata
- accession: 0001170010-23-000118
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000118/0001170010-23-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000118/kmx-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-23-000118
- JSON: https://secwatch.observer/filing/0001170010-23-000118.json
- Plain text: https://secwatch.observer/filing/0001170010-23-000118.txt

## Key facts
- Governance Changes
  CARMAX INC: Amended and restated Bylaws to adopt universal proxy rules, clarify chair's power to adjourn meetings, and make other technical updates (effective 2023-10-24).
  - Change: bylaw amendment
  - Effective: 2023-10-24
  source text: On October 24, 2023, the Board of Directors (the “Board”) of CarMax, Inc. (the “Company”) amended and restated the Company’s Bylaws (the “Amended Bylaws”), effective immediately, to, among other things: • address the adoption of the universal proxy rules adopted by the U.S. Securities and Exchange Commission and related requirements (the “Universal Proxy Rules”), including to require evidence of compliance with the Universal Proxy Rules, provide that the Company shall disregard a shareholder nomination if the nominating shareholder fails to comply with the Universal Proxy Rules, and specify the color of proxy cards reserved for use by the Company; • clarify that the chair of a meeting of shareholders has the power to recess or adjourn any meeting; and • make various other updates, including technical, clarifying and conforming changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000118/0001170010-23-000118-index.htm

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