---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-019929"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:49:30.037847+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Copart updates indemnification agreements for directors and executive officers

## Summary
- Board approved updated form of Indemnification Agreement on May 23, 2023 for all directors and executive officers.
- New agreement incorporates legal updates and current market indemnification practices, superseding previous agreements.
- Company must indemnify and advance expenses to the fullest extent permitted under Delaware law.
- Agreement covers actions arising from service as a director or officer, including proceedings initiated by the Company.

## SEC filing metadata
- accession: 0001628280-23-019929
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000162828023019929/0001628280-23-019929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000162828023019929/cprt-20230523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-019929
- JSON: https://secwatch.observer/filing/0001628280-23-019929.json
- Plain text: https://secwatch.observer/filing/0001628280-23-019929.txt

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