Welcome to our dedicated page for Credit Accep Mich SEC filings (Ticker: CACC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Credit Acceptance Corporation's SEC filings reveal detailed information about loan portfolio performance, credit risk management, and the economics of its dealer-partner financing model. For a specialty finance company serving subprime auto borrowers, quarterly and annual reports contain metrics that traditional lenders don't emphasize, making these documents particularly valuable for understanding the business.
The company's 10-K annual reports and 10-Q quarterly filings break down loan originations by credit tier, forecast collection rates, and explain how dealer advance amounts are determined. Credit Acceptance's disclosures detail the relationship between dealer payments and consumer loan performance, a unique aspect of its revenue-sharing model. These filings also reveal allowance for credit losses assumptions, funding sources, and the impact of economic conditions on subprime borrower repayment behavior.
Form 8-K filings from Credit Acceptance frequently announce material financing events, including senior note issuances, credit facility modifications, and securitization transactions. Given the capital-intensive nature of auto lending, these debt financing announcements provide insight into the company's funding costs and access to capital markets. Material event reports also cover earnings releases and occasionally address regulatory matters affecting consumer finance operations.
Proxy statements (DEF 14A) disclose executive compensation structures tied to portfolio performance metrics, while Form 4 filings track insider transactions by directors and officers. Our platform provides AI-powered summaries that highlight key loan performance indicators, capital structure changes, and regulatory disclosures within these technical financial documents. Access Credit Acceptance's complete SEC filing history to understand how this specialty lender manages credit risk, funds dealer advances, and navigates the subprime auto finance market.
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.
Form 144 notice shows a proposed sale of 20,000 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of
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.
Kenneth Booth, CEO and Director of Credit Acceptance Corporation (CACC), reported transactions on Form 4 showing option exercises and a sale on 09/18/2025. He exercised 4,000 employee stock options with a $333.94 exercise price, which resulted in acquisition of 4,000 shares. On the same date he sold 4,000 shares at $506.59 each, reducing his reported beneficial ownership from 72,116 to 68,116 shares. The filing also shows he holds outstanding employee stock options exercisable through 12/30/2026 for 4,000 shares and an option covering 110,000 shares (exercisable in scheduled installments through 04/28/2031). The report notes 57,104 unvested restricted stock units included in the holdings.
CREDIT ACCEPTANCE CORP (CACC) Form 144 notice reports a proposed sale of 4,000 common shares through Fidelity Brokerage Services on the NASDAQ with an approximate aggregate market value of $2,026,362. The filing lists 11,237,661 shares outstanding for the class and an approximate sale date of 09/18/2025. The securities were acquired under an option granted on 12/30/2020, and payment is shown as cash on 09/18/2025. The filer reports no other sales in the past three months and includes the standard signature representation that no material nonpublic information is known.
Daniel A. Ulatowski, Chief Sales Officer of Credit Acceptance Corporation (CACC), reported option exercise and share sale transactions dated 09/11/2025. He exercised 4,000 employee stock options at an exercise price of $333.94 and acquired 4,000 shares. The same day, he sold 4,000 shares at $522 per share. After these transactions, he directly beneficially owns 36,000 shares and an additional 28,290 unvested restricted stock units. Separately, 4,000 shares are owned of record by a trust shared with his spouse.
Form 144 for Credit Acceptance Corp (CACC) reports a proposed sale of 4,000 common shares through Fidelity Brokerage Services with an aggregate market value of $2,088,000, listed on NASDAQ and an approximate sale date of 09/11/2025. The filer acquired these shares by exercising an option (option granted 12/30/2020) and payment is shown as cash on 09/11/2025. The filing also discloses three prior sales by the same person, Daniel A. Ulatowski, totaling 9,...00 shares sold for gross proceeds of $5,319,145.65 on 06/11/2025, 08/22/2025, and 08/25/2025. The notice includes the standard representation that the signer knows of no undisclosed material adverse information.
Form 144 filed for Credit Acceptance Corp (CACC) reports a proposed sale of 10,000 shares of common stock through UBS Financial Services with an aggregate market value of $5,150,000. The filing shows those shares were acquired on 10/01/2008 as a GRAT remainder. The seller lists approximately 11,237,661 shares outstanding for the class and indicates an approximate sale date of 09/09/2025 on the NASDAQ. The filing also discloses a recent sale within the past three months by a related trust: 20,000 common shares sold on 07/02/2025 for $15,874,245 gross proceeds. The notice includes the standard representation that the seller has no undisclosed material adverse information.
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