{"schema_version":"secwatch.filing_event.v1","accession":"0001170010-26-000006","form_type":"8-K","ticker":"KMX","cik":"0001170010","company_name":"CARMAX INC","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.636646+00:00","generated_at":"2026-05-15T22:32:32.897085+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"CarMax amends severance agreements for three named executives; 1.5x multiplier after change in control","bullets":["Amended agreements with Enrique Mayor-Mora, Charles Joseph Wilson, and Shamim Mohammad, effective March 1, 2026.","Severance equal to 1.5x (base salary + target bonus) payable in 39 biweekly installments if terminated without cause or for good reason within 2 years post-change-in-control.","COBRA premium subsidy for up to 18 months included in severance benefits.","Other terms substantially similar to prior agreements; no change in executive roles.","Agreements subject to compliance with non-compete and release requirements."],"urls":{"canonical":"https://secwatch.observer/filing/0001170010-26-000006","json":"https://secwatch.observer/filing/0001170010-26-000006.json","markdown":"https://secwatch.observer/filing/0001170010-26-000006.md","text":"https://secwatch.observer/filing/0001170010-26-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1170010/000117001026000006/0001170010-26-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1170010/000117001026000006/kmx-20260301.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:32:32.897085+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}