Credit Acceptance director Booth resigns from board

Credit Acceptance Corporation reported that on July 21, 2026, director Kenneth S. Booth resigned from its board of directors.

Rhea-AI Filing Summary

Credit Acceptance Corporation reported that on July 21, 2026, director Kenneth S. Booth resigned from its board of directors.

The company stated that his resignation was not due to any disagreement with the company, its management, the board, or any committee of the board. In connection with his departure, the board reduced its size from six directors to five directors, updating its overall board composition.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Board size before change: 6 directors Board size after change: 5 directors Resignation notice date: July 21, 2026 +1 more

4 metrics

Board size before change 6 directors Size of the board prior to Kenneth S. Booth’s resignation

Board size after change 5 directors Size of the board after Kenneth S. Booth’s resignation

Resignation notice date July 21, 2026 Date Kenneth S. Booth notified the company of his resignation

Par value per share $.01 per share Par value of Credit Acceptance common stock listed on Nasdaq

Key Terms

Emerging growth company, soliciting material pursuant to Rule 14a-12, pre-commencement communications, Section 12(b) of the Act

4 terms

Emerging growth company regulatory

"Emerging growth company o Item 5.02."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

soliciting material pursuant to Rule 14a-12 regulatory

"Soliciting material pursuant to Rule 14a-12 under the Exchange Act"

pre-commencement communications regulatory

"Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act"

Section 12(b) of the Act regulatory

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who resigned from Credit Acceptance’s (CACC) board in July 2026?

Kenneth S. Booth resigned from Credit Acceptance’s board of directors on July 21, 2026. He notified the company of his decision and confirmed it was not due to any disagreement with the company, its management, the board, or its committees.

Did Kenneth S. Booth cite any disagreement with Credit Acceptance (CACC)?

The company reports that Mr. Booth’s resignation was not due to any disagreement with Credit Acceptance, its management, the board, or any board committee. This indicates the departure was not triggered by a disclosed dispute over company matters.

How did Kenneth S. Booth’s resignation affect CACC’s board size?

In connection with Mr. Booth’s departure, the board reduced its size from six directors to five directors. This change aligns the authorized number of directors with the remaining members and reflects the updated board composition after his resignation.

When did Credit Acceptance (CACC) receive Kenneth S. Booth’s resignation notice?

Credit Acceptance received Mr. Booth’s resignation notice on July 21, 2026. That date marks when he formally notified the company that he would step down from the board of directors, prompting the subsequent reduction in the authorized board size.

What stock does Credit Acceptance (CACC) list on Nasdaq?

Credit Acceptance lists its Common Stock, $.01 par value on The Nasdaq Stock Market under the trading symbol CACC. This security is registered under Section 12(b) of the Securities Exchange Act of 1934 as disclosed by the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/22/2026 - 04:02 PM EDT Learn about SEC filing dates

0000885550false00008855502026-07-212026-07-21

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):   July 21, 2026

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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 21, 2026, Kenneth S. Booth notified Credit Acceptance Corporation (the “Company) of his resignation from the board of directors of the Company (the “Board”). Mr. Booth has advised the Company that his resignation from the Board is not because of, or a result of, any disagreement with the Company, its management, the Board or any committee of the Board.

The Company thanks Mr. Booth for his long‑time service and commitment to the Company.

In connection with Mr. Booth’s departure from the Board, the Board has reduced the size of the Board from six directors to five directors.

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 22, 2026			By:			/s/ Erin J. Kerber
						Erin J. Kerber
						Chief Legal Officer, Chief Compliance Officer and Secretary

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB