UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 2, 2023
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
EXPLANATORY NOTE
Credit Acceptance Corporation (the “Company”) is filing this Amendment No. 1 as an amendment to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on June 2, 2023 (the “Original Filing”). The Original Filing reported the voting results from the Company’s 2023 Annual Meeting of Shareholders held on June 2, 2023 (the “Annual Meeting”). The sole purpose of this Amendment No. 1 is to disclose the Company’s decision as to how frequently it will include in its proxy materials a shareholder advisory vote on the compensation of its named executive officers. No other changes have been made to the Original Filing.
Item 5.07. Submission of Matters to a Vote of Security Holders.
In light of the results with respect to the advisory vote at the Annual Meeting on the frequency of future advisory votes on the compensation of the Company’s named executive officers, the Company’s Board of Directors decided that the Company will include a shareholder advisory vote on the compensation of its named executive officers in the Company’s proxy materials on an annual basis until the next shareholder advisory vote on the frequency of future advisory votes on the compensation of the Company’s named executive officers.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CREDIT ACCEPTANCE CORPORATION | |||||||||||
| Date: July 6, 2023 | By: | /s/ Jay D. Martin | |||||||||
| Jay D. Martin | |||||||||||
| Senior Vice President, Finance and Accounting | |||||||||||