secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001171843-23-004506
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184323004506/0001171843-23-004506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184323004506/f8k_071423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004506

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