Copart appoints A. Jayson Adair as CEO effective July 31, 2026; Jeff Liaw steps down

COPART INC

Jeffrey Liaw to step down as CEO and director on July 31; no disagreement cited.
Executive Chairman Jay Adair resumes CEO role; he previously served as CEO.
Liaw receives $450K lump sum, $200K during transition, plus equity modifications.
Liaw will serve as Senior Advisor to Adair until July 31, 2027.
Press release highlights record transaction values and auction liquidity under Liaw.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

A. Jayson Adair

Chief Executive Officer

CPRT · COPART INC

Effective: 2026-07-31
Filed: June 29, 2026, 9:15 AM ET

appointed A. Jayson Adair, the Company’s current Executive Chairman, as Chief Executive Officer and principal executive officer (the “CEO Transition”), effective as of July 31, 2026

Departed

Jeffrey Liaw

Chief Executive Officer

CPRT · COPART INC

Effective: 2026-07-31
Successor: A. Jayson Adair
Filed: June 29, 2026, 9:15 AM ET

Jeffrey Liaw, who will step down as Chief Executive Officer and principal executive officer and will resign from the Board, each effective as of the Transition Date. Mr. Liaw’s decision to resign was not the result of any disagreement

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

A. Jayson Adair was appointed as Chief Executive Officer at COPART INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed A. Jayson Adair, the Company’s current Executive Chairman, as Chief Executive Officer and principal executive officer (the “CEO Transition”), effective as of July 31, 2026

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Liaw departed as Chief Executive Officer at COPART INC.

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

Jeffrey Liaw, who will step down as Chief Executive Officer and principal executive officer and will resign from the Board, each effective as of the Transition Date. Mr. Liaw’s decision to resign was not the result of any disagreement

View on SEC.gov

COPART INC filing history →

Source: SEC EDGAR

accession 0001193125-26-286982

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