---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006715"
form_type: "8-K"
ticker: "CRMT"
cik: "0000799850"
company_name: "AMERICAS CARMART INC"
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:54:04.286679+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-006715
- form_type: 8-K
- ticker: CRMT
- cik: 0000799850
- company_name: AMERICAS CARMART INC
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799850/000117184323006715/0001171843-23-006715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799850/000117184323006715/f8k_110323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006715
- JSON: https://secwatch.observer/filing/0001171843-23-006715.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006715.txt

## Key facts
- Executive change
  Leon L. Walthall departed as Senior Vice President of Field Operations at AMERICAS CARMART INC.
  - Action: ended
  - Role: Senior Vice President of Field Operations
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323006715/0001171843-23-006715-index.htm

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