leadership
confidence high
sentiment neutral
materiality 0.20
Copart appoints Carl Sparks to Board of Directors, expands board to 11 members
COPART INC
- Carl Sparks elected to Copart's Board effective Sept 10, 2021, filling a vacancy created by increasing board size from 10 to 11.
- Sparks will serve on the Audit Committee and the Nominating and Governance Committee.
- He is Managing Partner of Interlock Partners, former CEO of Travelocity Global and Academic Partnerships.
- Receives standard non-employee director compensation: $70,000 annual retainer and initial option grant of 25,000 shares vesting monthly over 12 months.
- Board amended Bylaws to fix maximum number of directors at 11; Sparks appointed under amended Bylaws.