Every 8-K that Credit Accep Corp Mich (CACC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CACC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CACC filings page.
CREDIT ACCEPTANCE CORP (CACC) reported that on September 3, 2026 it entered into a separation agreement and general release with former Chief Financial Officer Jay D. Martin, who has been serving as an employee advisor since his CFO tenure ended on July 27, 2026. Under the agreement, Mr. Martin will continue as an unsalaried employee advisor from September 3, 2026 through February 1, 2027, providing about 15 hours of advisory services per month. Credit Acceptance will make a lump-sum pre-tax payment of $4,000 covering his potential COBRA benefit premiums for the term and will provide three months of medical, dental, and vision benefits at no cost to him. Mr. Martin will continue to vest in his existing equity awards during this period under their current vesting schedules, and he has granted a general release of claims in favor of the company.
Credit Acceptance Corporation (CACC) entered into a $600.0 million asset-backed non-recourse secured financing backed by consumer auto loans. Approximately $750.2 million of loans were conveyed to a special purpose entity and then to a trust that issued three note classes: Class A $319.88 million at 5.01%, Class B $117.30 million at 5.29%, and Class C $162.82 million at 5.51%, each priced just below par.
The financing has an expected average annualized cost of about 5.5%, will revolve for 24 months, and then amortize based on loan cash flows. Credit Acceptance plans to use proceeds to repay higher-cost indebtedness and for general corporate purposes4.0% of loan cash flows as a servicing fee, while the remaining 96.0%, net of dealer holdback, will pay note principal, interest, and transaction costs. The debt is non-recourse to Credit Acceptance apart from customary repurchase and indemnification obligations. After this securitization, the company reported about $1.8 billion of unused borrowing capacity on its revolving credit facilities and unrestricted cash.
Credit Acceptance Corporation reported strong second-quarter 2026 results, with GAAP net income of $135.9 million and diluted EPS of $12.66, up from $87.4 million and $7.42 a year earlier. Adjusted net income was $130.1 million, or $12.12 per diluted share. Economic profit rose to $52.6 million, 25.8% higher year over year, as adjusted return on capital improved to 9.8% while the cost of capital remained 7.4%.
Performance was driven by a 13.8% reduction in operating expenses, a 7.8% lower provision for credit losses, and a 9.1% decline in interest expense, partly offset by a higher provision on new Consumer Loan assignments. Finance charges increased 1.0% as higher yields on recent Consumer Loans lifted portfolio returns. The average loan portfolio balance was $8.0 billion, with forecasted net cash flows reduced by $39.1 million, or 0.3%, during the quarter. Consumer Loan unit volume was 84,615, down 1.0%, while dollar volume edged up 0.1% to $1.0 billion, supported by a record 11,004 active dealers and growth from newer dealers.
The company repurchased 262,963 shares (2.5% of beginning shares) for $141.4 million and reported $1.4 billion in liquidity as of June 30, 2026. Management highlighted ongoing progress in its digital-first, AI-enabled strategy, including expanded use of deal optimization tools and AI call-center capabilities.
Credit Acceptance Corporation reports that its Board of Directors and Chief Technology Officer Ravi Mohan mutually agreed that he will resign as CTO effective August 14, 2026 and separate from the company on October 25, 2026.
The company and Mr. Mohan are expected to enter into a separation and advisory agreement under which, subject to his execution and non‑revocation of a general release of claims, he will retain the opportunity to vest in restricted stock units and stock options scheduled to vest on October 24, 2026. He will also receive a $64,375 monthly consulting fee for an advisory services period from the Effective Date through February 14, 2027. The company includes customary cautionary language regarding forward‑looking statements, referencing risk factors in its Form 10‑K for the year ended December 31, 2025.
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.
Credit Acceptance Corporation extended the maturity of its revolving secured line of credit facility with a commercial bank syndicate from June 22, 2028 to June 22, 2029. The facility supports the company’s financing activities for automobile dealers and consumers.
The interest rate on borrowings under the facility was reduced from SOFR plus 197.5 basis points to SOFR plus 175.0 basis points. As of June 9, 2026, the company had $270.5 million outstanding under this credit line, and there were no other material changes to the facility’s terms.
Credit Acceptance Corporation announced a planned chief financial officer transition. Long-time CFO Jay Martin will retire as an officer and employee effective July 27, 2026, after 23 years with the company, and will remain as an employee advisor through August 31, 2026 on his current compensation.
The board appointed Joe Billante, age 50, as the new CFO effective July 27, 2026, making him the company’s principal financial and accounting officer. His compensation package includes a base salary of $750,000, a one-time signing bonus of $300,000, and a one-time grant of 26,223 Restricted Stock Units that vest annually over 10 years, aligning his interests with long-term company performance.
Credit Acceptance Corporation reported results of its Annual Meeting of Shareholders held on June 10, 2026. Shareholders elected six directors to serve until the 2027 annual meeting, including Kenneth S. Booth, Glenda J. Flanagan, Vinayak R. Hegde, Sean E. Quinn, Thomas N. Tryforos, and Scott J. Vassalluzzo.
Investors also approved, on an advisory basis, the company’s named executive officer compensation, with 5,229,825 votes for and 1,056,747 against. In addition, shareholders ratified the selection of Grant Thornton LLP as independent registered public accounting firm for 2026, with 7,927,281 votes for and 330,863 against.
Credit Acceptance Corporation completed a $450.0 million asset-backed non-recourse secured financing backed by approximately $562.6 million of consumer auto loans. The loans were sold to a special purpose entity and then to a trust that issued three classes of notes, with tranche sizes of $248,750,000, $91,320,000, and $109,930,000 at interest rates of 4.65%, 4.96%, and 5.28%. The financing is expected to have an average annualized cost of about 5.2%, will revolve for 24 months before amortizing with loan cash flows, and is intended to repay higher-cost debt and fund general corporate purposes. Credit Acceptance will earn a 4.0% servicing fee on loan cash flows, while the remaining 96.0%, after dealer holdback, services the notes and related costs under a non-recourse structure to the company.
Credit Acceptance reported strong first quarter 2026 results, with GAAP net income of $135.8 million and diluted EPS of $12.40, up 27.8% and 43.2% from the prior year. Adjusted net income was $117.3 million, or $10.71 per diluted share, modestly above 2025, while economic profit rose 17.8% to $41.6 million.
Performance was driven by a 13.8% reduction in the provision for credit losses, higher finance charges as newer loans carried higher yields, and a 5.5% decline in interest expense, partly offset by a 4.2% increase in operating costs. Loan portfolio average balance held at $7.9 billion, consumer loan assignment volume fell 4.3% by units, and forecasted net cash flows from the portfolio declined only 0.1%, the smallest quarterly change in three years.
The company repurchased 365,258 shares (about 3.4% of beginning shares) for $178.9 million and ended the quarter with $1.3 billion in liquidity, while expanding its dealer network to a record 10,977 active dealers and increasing adoption of AI-enabled servicing and digital tools.
Credit Acceptance Corporation furnished an investor presentation and detailed shareholder letter outlining its 2025 performance and strategy. GAAP net income per diluted share rose to $36.38, an 83.0% increase, with return on equity of 25.9%, driven by higher average loan portfolio balance and yield and a smaller decline in loan performance.
On an adjusted basis, net income was $477.0 million and adjusted EPS was $40.95, up 5.2%, helped by a 6.6% reduction in weighted average diluted shares from buybacks. Economic Profit was $173.3 million, and Economic Profit per share declined 10.3%, reflecting higher imputed equity costs. Loan unit volume fell 12.6% to 337,411, while active dealers reached a record 15,745. The company highlighted technology and AI investments, disciplined pricing, $712 million of share repurchases in 2025, strong liquidity with $1.3 billion of unused revolver capacity, and progress toward resolving long-running regulatory and litigation matters.
Credit Acceptance Corporation filed a current report to note that on January 29, 2026 it issued a press release announcing its financial results for the three months ended December 31, 2025 and providing details for a related webcast held the same day.
The press release is furnished as Exhibit 99.1 and is expressly not deemed filed for liability purposes under Section 18 of the Exchange Act or automatically incorporated into other securities law filings. The report also lists the related Inline XBRL cover page data as Exhibit 104.
Credit Acceptance Corporation reported that Chief Analytics Officer Arthur L. Smith and Chief Sales Officer Daniel A. Ulatowski will retire as officers and employees effective February 1, 2026.
Both executives are expected to continue as non‑employee advisors through July 31, 2026. Mr. Smith is expected to receive a monthly consulting fee of $66,758.01, and Mr. Ulatowski a monthly consulting fee of $64,166.67, during the advisory period, subject to execution and non‑revocation of general releases of claims.
Their retirements qualify as retirements under the company’s incentive plan and stock option agreements, so each executive’s outstanding stock options will remain exercisable through their applicable expiration date of December 30, 2026.
Credit Acceptance Corporation entered into amendments with Fifth Third Bank to extend and reprice its Term ABS 2021-1 secured financing. The $100.0 million asset-backed, non-recourse facility will now cease to revolve on January 18, 2028 instead of February 17, 2026, giving the company a longer period to originate and fund receivables under this structure. The interest rate on borrowings has been reduced from the Secured Overnight Financing Rate (SOFR) plus 220 basis points to SOFR plus 140 basis points, lowering the facility’s funding cost. The company states there were no other material changes to the terms of Term ABS 2021-1, and it also issued a press release describing the amendments.
Credit Acceptance Corporation entered into a new $500.0 million asset-backed non-recourse secured financing backed by consumer auto loans. The company transferred approximately $625.2 million of consumer loans into a special purpose entity and trust, which issued three note classes: Class A $284.61 million at 4.50%, Class B $104.57 million at 4.87%, and Class C $110.82 million at 5.38%, each sold slightly below par. The financing is expected to have an average annualized cost of about 5.1%, will revolve for 24 months, and then amortize with loan cash flows.
The company plans to use proceeds to repay higher-cost debt and for general corporate purposes. Credit Acceptance will service the loans and receive 4.0% of the loan cash flows as a servicing fee, with the remaining 96.0% primarily paying note principal, interest, and related costs. The securitization is non-recourse to the company other than customary limited repurchase and indemnity obligations, and can be accelerated upon specified events of default tied to payment failures, covenant breaches, collateral performance, and certain legal or structural issues.
Credit Acceptance Corporation furnished an 8-K announcing its financial results for the three months ended September 30, 2025, and provided details for a related webcast held on October 30, 2025. The company disclosed this under Item 2.02 (Results of Operations and Financial Condition).
The press release containing the results is attached as Exhibit 99.1 and incorporated by reference. The company stated the information furnished under Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act.
Credit Acceptance Corporation announced a planned CEO transition. Kenneth S. Booth will retire as an officer after a Transition Period from November 13, 2025 through January 31, 2026, then cease employment. The Board appointed director Vinayak R. Hegde to succeed him as Chief Executive Officer and President effective November 13, 2025.
Hegde’s compensation includes a $1,100,000 annual base salary, a one-time $500,000 signing bonus, and a one-time grant of 140,000 Restricted Stock Units vesting in ten equal annual installments from the grant date, subject to continuous employment. He is eligible for severance equal to one-times annual base salary under specified conditions. Both Booth and Hegde are expected to continue serving as directors.
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.
Credit Acceptance Corporation amended its Loan and Security Agreement for a revolving secured warehouse facility. The Fourth Amendment extends the date on which the $200.0 million warehouse facility will cease to revolve from September 21, 2026 to September 19, 2028, giving the company a longer period to draw and recycle this funding source. The interest rate on borrowings under the facility was reduced from SOFR + 225 basis points to SOFR + 185 basis points, lowering the cost of this debt. As of September 19, 2025, the company had no balance outstanding under the facility. The amendment is documented in the attached Fourth Amendment agreement, and the company also issued a press release describing the transaction.
Credit Acceptance Corporation filed a current report to furnish materials prepared for its investor relations website. These materials are attached as Exhibit 99.1 and are described as being added to the website on or about September 12, 2025. The company states that this information is being provided under Regulation FD and clarifies that the furnished materials, including Exhibit 99.1, are not deemed “filed” for purposes of Section 18 of the Exchange Act and are not automatically incorporated into other securities law filings unless specifically referenced.