America's Car-Mart gets lender forbearance through June 12; awards $2.6M retention cash to execs

AMERICAS CARMART INC

Lender forbearance through June 12, 2026; anticipated defaults on minimum liquidity and collateral coverage covenants.
CEO Douglas Campbell receives $1.2M cash retention award and 190,600 stock options (60,307 initial, 130,293 contingent).
CFO Jonathan Collins gets $563,000 cash retention and 45,380 options; COO $531,000/50,660; CAO $300,000/16,336.
Options split: Initial Options from current pool; Contingent Options require shareholder approval at Sept 2026 annual meeting.
Special Committee evaluating strategic alternatives including recapitalization; Houlihan Lokey and FTI Consulting retained.

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