secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001170010-26-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarMax names former IHG CEO Keith Barr as President and CEO effective March 16, 2026
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- Keith Barr appointed President and CEO, effective March 16, 2026; also to Board of Directors.
- David McCreight steps down as interim CEO, returning to independent director role.
- Barr receives base salary of $1.25M, target bonus 175% of salary, plus sign-on and annual equity awards.
- Tom Folliard remains interim executive chair until June 2026, then resumes non-executive chair.
- Barr previously served as CEO of InterContinental Hotels Group (2017-2023) and currently on MGM Resorts board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001026000002/0001170010-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001026000002/kmx-20260210.htm
  HTML page:      https://secwatch.observer/filing/0001170010-26-000002

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