[8-K] CREDIT ACCEPTANCE CORP Reports Material Event

Rhea-AI Filing Summary

Credit Acceptance Corporation filed an Form 8-K reporting a status update on its share repurchase program. The filing states that, as of September 29, 2025, there were 190,018 shares remaining under the prior repurchase authorization. No other financial data, transaction details, or management commentary is included in the provided text.

Positive

• 190,018 shares remaining under the prior repurchase authorization indicates the company still has capacity to repurchase shares
• Disclosure on repurchase balance provides transparency about capital-return flexibility

Negative

• Small remaining share count could limit near-term buyback impact if the company's outstanding share base is large
• Filing lacks context such as total authorization size or timing, reducing clarity for investors

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):   September 29, 2025

CREDIT ACCEPTANCE CORPORATION

(Exact name of registrant as specified in its charter)

Michigan

000-20202

38-1999511

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

25505 West Twelve Mile Road

Southfield,

Michigan

48034-8339

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:   (248) 353-2700

Not Applicable

(Former name or former address, if changed since last report.)

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, $.01 par value

CACC

The Nasdaq Stock Market

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

Item 8.01. Other Events.

On September 29, 2025, the Board of Directors (the “Board”) of Credit Acceptance Corporation (the “Company”) authorized the repurchase of up to two million shares of the Company’s common stock in addition to the Board’s prior authorizations. The additional shares may be repurchased from time to time in the open market, through privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 or otherwise. The authorization does not have a specified expiration date. Accordingly, unless terminated earlier by resolution of the Board, the share repurchase program will expire when the Company has repurchased all shares authorized for repurchase thereunder.

As of September 29, 2025, there were 190,018 shares remaining under the prior repurchase authorization.

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: September 30, 2025			By:			/s/ Jay D. Martin
						Jay D. Martin
						Chief Financial Officer

FAQ

What did Credit Acceptance (CACC) disclose in the Form 8-K?

The company disclosed that as of September 29, 2025 there were 190,018 shares remaining under its prior repurchase authorization.

Does the filing state a new repurchase authorization amount for CACC?

No. The provided text only reports the remaining shares (190,018) under the prior authorization and does not state a new authorization amount.

Is there financial or earnings data in this 8-K for CACC?

No. The excerpt contains no financial tables, earnings figures, or transaction details beyond the repurchase balance.

Does the 8-K indicate when remaining shares will be repurchased?

No. The filing notes the remaining share count but does not provide timing, schedule, or plan for future repurchases.

How should investors interpret the remaining repurchase balance for CACC?

The balance signals available capacity for buybacks but, without total authorization or outstanding share context, its material impact is unclear.