---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-065335"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:36:30.897224+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Copart appoints Jeff Liaw as sole CEO; Jay Adair becomes Executive Chairman, effective April 1, 2024

## Summary
- Jeff Liaw, previously Co-CEO since March 2022, becomes sole CEO and joins Board, increasing board size to 12.
- A. Jayson Adair transitions from Co-CEO to Executive Chair; remains an active executive officer.
- Willis J. Johnson continues as Chairman of the Board but no longer as executive chairman.
- Board ratified Liaw's personal use of corporate aircraft for security purposes under new policy.

## SEC filing metadata
- accession: 0001193125-24-065335
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000119312524065335/0001193125-24-065335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000119312524065335/d760136d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-065335
- JSON: https://secwatch.observer/filing/0001193125-24-065335.json
- Plain text: https://secwatch.observer/filing/0001193125-24-065335.txt

## Key facts
- Executive change
  Jeffrey Liaw was appointed as Director at COPART INC.
  - Action: appointed
  - Role: Director
  source text: and in connection with such appointment, the size of the Board will be increased from 11 directors to 12 directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312524065335/0001193125-24-065335-index.htm
- Executive change
  A. Jayson Adair changed role as Executive Chair at COPART INC.
  - Action: transitioned
  - Role: Executive Chair
  source text: A. Jayson Adair will transition from serving as a co-Chief Executive Officer of the Company to serving as the Company’s Executive Chair and will continue to serve as a member of the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312524065335/0001193125-24-065335-index.htm
- Executive change
  Jeffrey Liaw changed role as Chief Executive Officer at COPART INC.
  - Action: promoted
  - Role: Chief Executive Officer
  source text: Jeffrey Liaw will become the Company’s sole Chief Executive Officer and be appointed to the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312524065335/0001193125-24-065335-index.htm
- Executive change
  Willis J. Johnson changed role as Chairman of the Board at COPART INC.
  - Action: reclassified
  - Role: Chairman of the Board
  source text: Willis J. Johnson will continue to serve as the chairman of the Board but will no longer serve as an executive chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312524065335/0001193125-24-065335-index.htm
- Governance Changes
  COPART INC: Adopted amended and restated Bylaws to increase maximum board size from 11 to 12 directors, add Executive Chair officer role, and clarify chairman of Board is not an officer (effective 2024-04-01).
  - Change: bylaw amendment
  - Effective: 2024-04-01
  source text: the Board approved the adoption of amended and restated Bylaws of the Company, to be effective as of the Effective Date, which will amend the Company’s current Bylaws to, among other things, (i) increase the maximum size of the Board from 11 directors to 12 directors, (ii) add the role of Executive Chair to the list of the Company’s officers and (iii) clarify that the role of chairman of the Board is a position of the Board and not an officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312524065335/0001193125-24-065335-index.htm

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