America's Car-Mart enters separation agreement with former SVP Leon Walthall

AMERICAS CARMART INC

Former SVP of Field Operations Leon Walthall's employment ended effective October 20, 2023.
Separation agreement provides $200,000 cash payment in four equal installments through July 31, 2024.
Walthall remains subject to confidentiality, non-competition, and other covenants from June 2021 Change in Control Agreement.
Agreement includes general release of claims; subject to seven-day revocation period.

item 5.02 item 9.01

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Departed

Leon L. Walthall

Senior Vice President of Field Operations

CRMT · AMERICAS CARMART INC

Effective: 2023-10-20
Filed: November 3, 2023, 7:59 PM ET

On November 1, 2023, America’s Car Mart, Inc. (the “Company”), the wholly-owned operating subsidiary of America’s Car-Mart, Inc., entered into a separation agreement, dated as of October 30, 2023 (the “Separation Agreement”), with the Company’s former Senior Vice President of Field Operations, Leon L. Walthall, whose employment with the Company ended effective October 20, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Leon L. Walthall departed as Senior Vice President of Field Operations at AMERICAS CARMART INC.

Action: ended
Role: Senior Vice President of Field Operations

Exact text from the filing

On November 1, 2023, America’s Car Mart, Inc. (the “Company”), the wholly-owned operating subsidiary of America’s Car-Mart, Inc., entered into a separation agreement, dated as of October 30, 2023 (the “Separation Agreement”), with the Company’s former Senior Vice President of Field Operations, Leon L. Walthall, whose employment with the Company ended effective October 20, 2023.

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Source: SEC EDGAR

accession 0001171843-23-006715

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