secwatch.observer — SEC 8-K summary
======================================

Issuer:     COPART INC (CPRT)
CIK:        0000900075
Form:       8-K
Filed at:   2021-09-16T23:59:59+00:00
Accession:  0001628280-21-018786
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Copart appoints Carl Sparks to Board of Directors, expands board to 11 members
------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/900075/000162828021018786/0001628280-21-018786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/900075/000162828021018786/cprt-20210910.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-018786

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer