CREDIT ACCEPTANCE CORP — fact timeline

CREDIT ACCEPTANCE CORP amended revolving credit of $270.5 million with Fifth Third Bank, N.A., as administrative agent at SOFR plus 175.0 basis points maturing June 22, 2029.

“Financing Rate (“SOFR”) plus 197.5 basis points to SOFR plus 175.0 basis points. There were no other material changes to the terms of the facility. As of June 9, 2026, we had $270.5 million outstanding under the facility. The terms and conditions of this transaction are set forth in the agreement attached hereto as Exhibit 4.147 to this Form 8-K and incorporated”

Joseph Billante was appointed as Chief Financial Officer at CREDIT ACCEPTANCE CORP.

“On June 8, 2026, the board of directors of the Company (the “Board”) elected and appointed Joseph Billante to succeed Mr. Martin as the Company’s Chief Financial Officer effective July 27, 2026.”

Jay D. Martin retired as Chief Financial Officer at CREDIT ACCEPTANCE CORP.

“On June 5, 2026, Jay D. Martin, Chief Financial Officer of Credit Acceptance Corporation (referred to as the “Company,” “Credit Acceptance,” “we,” “our” or “us”) and, as such, the Company’s principal financial officer and principal accounting officer, informed the Company that he has decided to retire as an officer and employee of the Company effective July 27, 2026.”

CREDIT ACCEPTANCE CORP shareholders approved Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2026 at the 2026-06-10 meeting.

“Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2026: For Against Abstain Broker Non Votes 7,927,281 330,863 191 —”

CREDIT ACCEPTANCE CORP shareholders approved Approval of the advisory vote on named executive officer compensation at the 2026-06-10 meeting.

“Approval of the advisory vote on named executive officer compensation: For Against Abstain Broker Non Votes 5,229,825 1,056,747 1,908 1,969,855”

CREDIT ACCEPTANCE CORP shareholders approved Election of six directors to serve until the 2027 annual meeting at the 2026-06-10 meeting.

“Election of six directors to serve until the 2027 Annual Meeting of Shareholders: Director Nominees For Withheld Broker Non Votes Kenneth S. Booth 5,861,709 426,771 1,969,855 Glenda J. Flanagan 5,383,677 904,803 1,969,855 Vinayak R. Hegde 6,269,849 18,631 1,969,855 Sean E. Quinn 5,961,715 326,765 1,969,855 Thomas N. Tryforos 5,581,004 707,476 1,969,855 Scott J. Vassalluzzo 5,343,627 944,853 1,969,855”

CREDIT ACCEPTANCE CORP incurred senior notes of $450.0 million at expected average annualized cost of approximately 5.2% maturing revolve for 24 months after which it will amortize.

“On May 5, 2026, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $450.0 million asset-backed non-recourse secured financing (the “Financing”).”

CREDIT ACCEPTANCE CORP reported three months ended March 31, 2026 results: net income Adjusted net income . . . was $117.3 million, EPS $10.71 per diluted share.

“million, or $12.40 per diluted share, for the three months ended March 31, 2026. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2026 was $117.3 million, or $10.71 per diluted share. The following table summarizes our financial results: (In millions, except per share data) For the Three Months Ended March 31, 2026 December 31,”

CREDIT ACCEPTANCE CORP amended Sixth Amendment to the Loan and Security Agreement and First Amendment to the Backup Servicing Agreement with Fifth Third Bank, National Association (effective 2026-01-15).

“On January 15, 2026, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) and Credit Acceptance Funding LLC 2021-1 entered into the Sixth Amendment to the Loan and Security Agreement and the First Amendment to the Backup Servicing Agreement (the “Amendments”) with Fifth Third Bank, National Association, extending the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 and to which we refer as Term ABS 2021-1.”

CREDIT ACCEPTANCE CORP incurred debt of $500,000,000 with Credit Acceptance Auto Loan Trust 2025-2 at expected average annualized cost of approximately 5.1% maturing revolve for 24 months after which it will amortize based upon the cash flows on the conveyed loans.

“On November 13, 2025, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $500.0 million asset-backed non-recourse secured financing (the “Financing”).”

CREDIT ACCEPTANCE CORP amended revolving credit of $200.0 million with Citizens Bank, N.A. at SOFR plus 185 basis points maturing September 19, 2028.

“extends the date on which our $200.0 million revolving secured warehouse facility will cease to revolve from September 21, 2026 to September 19, 2028. The interest rate on borrowings under the facility has been decreased from the Secured Overnight Financing Rate (“SOFR”) plus 225 basis points to SOFR plus 185 basis points.”

CREDIT ACCEPTANCE CORP amended revolving credit of $300.0 million with Bank of Montreal at Secured Overnight Financing Rate ("SOFR") plus 205 basis points maturing July 30, 2028.

“On July 30, 2025, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into the Sixth Amendment to the Amended and Restated Loan and Security Agreement ("Warehouse Amendment"), dated as of July 30, 2025, among the Company, CAC Warehouse Funding LLC IV, Bank of Montreal, BMO Capital Markets Corp, and Computershare Trust Company, N.A. The Warehouse Amendment extends the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from December 29, 2026 to July 30, 2028. The interest rate on borrowings under the facility has been decreased from the Secured Overnight Financing Rate (“SOFR”) plus 221.4 basis points to SOFR plus 205 basis points.”

CREDIT ACCEPTANCE CORP amended revolving credit of $75.0 million revolving secured warehouse facility with Flagstar Bank, N.A. at SOFR plus 185 basis points maturing September 30, 2028.

“On July 11, 2025, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into the Seventh Amendment to the Loan and Security Agreement ("Warehouse Amendment"), dated as of July 11, 2025, among the Company, CAC Warehouse Funding LLC VI, and Flagstar Bank, N. A. The Warehouse Amendment extends the date on which our $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2026 to September 30, 2028. The interest rate on borrowings under the facility has decreased from the Secured Overnight Financing Rate (“SOFR”) plus 210 basis points to SOFR plus 185 basis points.”

CREDIT ACCEPTANCE CORP amended revolving credit with Comerica Bank maturing June 22, 2028.

“The amendment extends the date on which the revolving secured line of credit facility will cease to revolve from June 22, 2027 to June 22, 2028.”

CREDIT ACCEPTANCE CORP incurred senior notes of $400.0 million at expected average annualized cost of approximately 5.6% including upfront fees an maturing revolve for 24 months after which it will amortize based upon the cash flows on the conveyed loans.

“On March 27, 2025, Credit Acceptance Corporation (the "Company", "Credit Acceptance", "we", "our", or "us") entered into a $400.0 million asset-backed non-recourse secured financing (the "Financing").”

CREDIT ACCEPTANCE CORP incurred senior notes of $500.0 million with U.S. Bank Trust Company, National Association at 6.625% maturing March 15, 2030.

“On February 28, 2025, Credit Acceptance Corporation (referred to as the “Company,” “we,” “our,” or “us”) issued $500.0 million aggregate principal amount of 6.625% Senior Notes due 2030 (the “notes”).”

CREDIT ACCEPTANCE CORP reported three months ended March 31, 2024 results: net income $64.3 million, EPS $5.08 per diluted share.

“On April 30, 2024, Credit Acceptance Corporation (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024 and details for the related April 30, 2024 webcast.”

CREDIT ACCEPTANCE CORP incurred senior notes of $500.0 million with Computershare Trust Company, N.A. at 5.68% / 6.03% / 6.71%.

“On March 28, 2024, Credit Acceptance Corporation (the "Company", "Credit Acceptance", "we", "our", or "us") entered into a $500.0 million asset-backed non-recourse secured financing (the "Financing").”

CREDIT ACCEPTANCE CORP incurred debt of $200.0 million at expected average annualized cost of approximately 7.8% maturing revolve for 36 months after which it will amortize based upon the cash flows on the conveyed loans.

“On February 27, 2024, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $200.0 million asset-backed non-recourse secured financing (the “Financing”).”

CREDIT ACCEPTANCE CORP amended Fifth Amendment to the Loan and Security Agreement with Fifth Third Bank, National Association valued at $100.0 million (effective 2024-02-16).

“On February 16, 2024, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) and Credit Acceptance Funding LLC 2021-1 entered into the Fifth Amendment to the Loan and Security Agreement (the “Amendment”) with Fifth Third Bank, National Association, extending the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 and to which we refer as Term ABS 2021-1.”

CREDIT ACCEPTANCE CORP reported for the three months ended December 31, 2023 results: net income $129.1 million, EPS $10.06 per diluted share.

“Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2023 was $129.1 million, or $10.06 per diluted share, compared to $156.1 million, or $11.74 per diluted share, for the same period in 2022.”

Kenneth S. Booth changed role as Chief Executive Officer at CREDIT ACCEPTANCE CORP.

“On January 23, 2024, upon Mr. Martin’s appointment as the Company’s Chief Financial Officer, Kenneth S. Booth, the Company’s Chief Executive Officer, ceased to serve as the Company’s principal financial officer.”

Jay D. Martin was appointed as Chief Financial Officer at CREDIT ACCEPTANCE CORP.

“On January 23, 2024, effective on such date, the board of directors (the “Board”) of Credit Acceptance Corporation (referred to as the “Company,” “Credit Acceptance,” “we,” “our” or “us”) appointed Jay D. Martin, who had been serving as our Senior Vice President, Finance and Accounting and, as such, our principal accounting officer, as the Company’s Chief Financial Officer.”

CREDIT ACCEPTANCE CORP amended revolving credit of $300.0 million with Bank of Montreal maturing December 29, 2026.

“The Warehouse Amendment extends the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from May 20, 2025 to December 29, 2026.”

CREDIT ACCEPTANCE CORP incurred senior notes of $294.0 million with Computershare Trust Company, N.A. at 6.13% / 6.71% / 7.30% maturing revolve for 24 months, after which it will amortize.

“On December 21, 2023, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $294.0 million asset-backed non-recourse secured financing (the "Financing").”

CREDIT ACCEPTANCE CORP incurred senior notes of $200.0 million with institutional lender at expected average annualized cost of approximately 8.6% maturing revolve for 24 months after which it will amortize.

“On November 30, 2023, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $200.0 million asset-backed non-recourse secured financing (the “Financing”).”

CREDIT ACCEPTANCE CORP reported three months ended September 30, 2023 results: net income 139.5 million, EPS 10.70.

“Adjusted net income, a non-GAAP financial measure, for the three months ended September 30, 2023 was $139.5 million, or $10.70 per diluted share”

Sean E. Quinn was elected as Director at CREDIT ACCEPTANCE CORP.

“elected Sean E. Quinn as a director of the Company to fill the vacancy created by the increase in the size of the Board.”

CREDIT ACCEPTANCE CORP amended revolving credit of $200.0 million with Citizens Bank, N.A. at SOFR plus 225 basis points maturing September 21, 2026.

“21, 2023, among the Company, CAC Warehouse Funding LLC VIII, Citizens Bank, N.A., and Computershare Trust Company, N.A. The Warehouse Amendment extends the date on which our $200.0 million revolving secured warehouse facility will cease to revolve from September 1, 2024 to September 21, 2026. The interest rate on borrowings under the facility has increased from”

CREDIT ACCEPTANCE CORP incurred senior notes of $400.0 million with Computershare Trust Company, N.A. at 6.39% / 7.09% / 7.62%.

“On August 24, 2023, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $400.0 million asset-backed non-recourse secured financing (the "Financing").”

CREDIT ACCEPTANCE CORP amended credit facility of $75.0 million with Flagstar Bank, N.A. maturing September 30, 2026.

“The Warehouse Amendment extends the date on which our $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2024 to September 30, 2026.”

CREDIT ACCEPTANCE CORP amended revolving credit of from $410.0 million to $390.0 million with Comerica Bank and the other banks signatory thereto (collectively, the "Banks") and Comerica Bank as administrative agent maturing June 22, 2026.

“set to decrease by $25.0 million on June 22, 2023, however this amendment increased the amount of the facility by $5.0 million resulting in a net decrease of $20.0 million, from $410.0 million to $390.0 million. As of June 22, 2023, we had $89.8 million outstanding under the revolving secured line of credit facility. The terms and conditions of this transaction are set”

CREDIT ACCEPTANCE CORP shareholders approved Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2023 at the 2023-06-02 meeting.

“5. Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2023: For Against Abstain Broker Non Votes 10,641,874 2,638 2,398 —”

CREDIT ACCEPTANCE CORP shareholders approved Advisory vote on the frequency of future advisory votes to approve named executive officer compensation at the 2023-06-02 meeting.

“4. Advisory vote on the frequency of future advisory votes to approve named executive officer compensation: 1 Year 2 Years 3 Years Abstain Broker Non Votes 7,179,516 1,108 147,565 2,536 3,316,185”

CREDIT ACCEPTANCE CORP shareholders approved Approval of named executive officer compensation on an advisory basis at the 2023-06-02 meeting.

“3. Approval of the advisory vote on named executive officer compensation: For Against Abstain Broker Non Votes 7,108,069 218,979 3,677 3,316,185”

CREDIT ACCEPTANCE CORP shareholders approved Approval of an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan at the 2023-06-02 meeting.

“2. Approval of an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan: For Against Abstain Broker Non Votes 7,278,981 49,161 2,583 3,316,185”

CREDIT ACCEPTANCE CORP shareholders approved Election of five directors to serve until the 2024 annual meeting at the 2023-06-02 meeting.

“1. Election of five directors to serve until the 2024 Annual Meeting of Shareholders: Director Nominees For Withheld Broker Non Votes Kenneth S. Booth 7,293,580 37,145 3,316,185 Glenda J. Flanagan 7,017,694 313,031 3,316,185 Vinayak R. Hegde 7,190,225 140,500 3,316,185 Thomas N. Tryforos 7,118,997 211,728 3,316,185 Scott J. Vassalluzzo 7,156,518 174,207 3,316,185”

CREDIT ACCEPTANCE CORP incurred debt of $400.0 million at 6.8% maturing 24 months.

“On May 25, 2023, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $400.0 million asset-backed non-recourse secured financing (the "Financing").”

CREDIT ACCEPTANCE CORP amended credit facility with Wells Fargo Bank, National Association at SOFR plus 230 basis points maturing April 30, 2026.

“On April 28, 2023, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into Amendment No. 1 to the Seventh Amended and Restated Loan and Security Agreement dated as of April 28, 2023, among the Company, CAC Warehouse Funding LLC II, and Wells Fargo Bank, National Association. The maturity of the facility was also extended from April 30, 2024 to April 30, 2026. The interest rate on borrowings under the facility has increased from LIBOR plus 175 basis points to Secured Overnight Financing Rate (“SOFR”) plus 230 basis points.”

CREDIT ACCEPTANCE CORP reported the three months ended March 31, 2023 results: net income consolidated net income of $99.5 million, EPS $7.61 per diluted share.

“Credit Acceptance Corporation (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2023”

CREDIT ACCEPTANCE CORP incurred senior notes of $400.0 million at expected annualized cost of approximately 7.3% maturing revolve for 24 months after which it will amortize.

“On March 16, 2023, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $400.0 million asset-backed non-recourse secured financing (the "Financing").”

CREDIT ACCEPTANCE CORP reported three months ended December 31, 2022 results: net income $127.3 million, EPS $9.58 per diluted share.

“Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $127.3 million, or $9.58 per diluted share, for the three months ended December 31, 2022 compared to consolidated net income of $217.6 million, or $14.60 per diluted share, for the same period in 2021.”

CREDIT ACCEPTANCE CORP amended term loan of $100.0 million with Fifth Third Bank, National Association at SOFR plus 220 basis points.

“the Company and Credit Acceptance Funding LLC 2021-1 entered into the Third Amendment to the Loan and Security Agreement (the "Amendment") with Fifth Third Bank, National Association, extending the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 and to which we refer as Term ABS 2021-1. Under the Amendment, the date on which Term ABS 2021-1 will cease to revolve has been extended from February 15, 2023 to December 16, 2024. The Amendment also increased the interest rate applicable to Term ABS 2021-1 from SOFR plus 208.5 basis points to SOFR plus 220 basis points”

CREDIT ACCEPTANCE CORP amended revolving credit of $200.0 million with Fifth Third Bank, National Association at SOFR plus 245 basis points maturing December 27, 2027.

“The Warehouse Amendment increases the amount of Warehouse Facility V, one of our revolving secured warehouse facilities, from $125.0 million to $200.0 million and extends the date on which the facility will cease to revolve from December 18, 2023 to December 29, 2025. The maturity of the facility was also extended from December 16, 2025 to December 27, 2027. The interest rate on borrowings under the facility has increased from Secured Overnight Financing Rate ("SOFR") plus 235 basis points to SOFR plus 245 basis points”

CREDIT ACCEPTANCE CORP incurred senior notes of $389.9 million with Computershare Trust Company, N.A. at 8.5% maturing 24 months.

“On November 3, 2022, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $389.9 million asset-backed non-recourse secured financing (the “Financing”).”

CREDIT ACCEPTANCE CORP reported the nine months ended September 30, 2022 results: net income $408.5 million, EPS $29.74 per diluted share.

“For the nine months ended September 30, 2022, consolidated net income was $408.5 million, or $29.74 per diluted share”

CREDIT ACCEPTANCE CORP reported the three months ended September 30, 2022 results: net income $86.8 million, EPS $6.49 per diluted share.

“today announced consolidated net income of $86.8 million, or $6.49 per diluted share, for the three months ended September 30, 2022”