America's Car-Mart adopts new Short-Term Incentive Plan with FY2024 performance metrics for executive officers

AMERICAS CARMART INC

New annual cash bonus plan; target bonus as % of salary: CEO & President 100%, CFO 75%.
FY2024 performance metrics: ROE (30%), SG&A per customer (30%), EVA by dealership (30%), discretionary (10%).
Payout ranges from 80% (threshold) to 120% (max) per metric, overall up to 200% of target.
Maximum annual payout per participant capped at $4M; plan effective April 1, 2023.
Upon death/disability, bonus prorated; other termination forfeits unless committee decides.

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