---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-286982"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2026-06-29T13:15:01+00:00"
generated_at: "2026-06-29T13:16:10.063393+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-286982
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2026-06-29T13:15:01+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000119312526286982/0001193125-26-286982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000119312526286982/d70617d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-286982
- JSON: https://secwatch.observer/filing/0001193125-26-286982.json
- Plain text: https://secwatch.observer/filing/0001193125-26-286982.txt

## Key facts
- Executive change
  A. Jayson Adair was appointed as Chief Executive Officer at COPART INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312526286982/0001193125-26-286982-index.htm
- Executive change
  Jeffrey Liaw departed as Chief Executive Officer at COPART INC.
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312526286982/0001193125-26-286982-index.htm

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