---
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"
generated_at: "2026-05-15T22:32:32.897085+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# CarMax amends severance agreements for three named executives; 1.5x multiplier after change in control

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-26-000006
- JSON: https://secwatch.observer/filing/0001170010-26-000006.json
- Plain text: https://secwatch.observer/filing/0001170010-26-000006.txt

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