secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001171843-25-003122
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Car-Mart names Jonathan Collins CFO effective May 12; Vickie Judy becomes CAO
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- Collins joins from Walmart Africa, where he served as CFO since 2023; prior roles include CAO at Flipkart Group.
- Collins receives $450K base salary, $325K restricted stock (3-yr vest), $325K stock options (5-yr vest).
- Vickie Judy, CFO since 2010, transitions to Chief Accounting Officer; praised for growing loan portfolio 450%+.
- Severance: 12 months base salary on termination without cause; change-in-control triggers double-trigger cash and equity acceleration.
- Fiscal 2026 bonus eligible up to 120% of base, with guaranteed minimum 60% payout prorated for service days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184325003122/0001171843-25-003122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184325003122/f8k_051225.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-003122

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