Credit Acceptance Corporation filings document the regulatory record for a Nasdaq-listed consumer finance company with common stock registered under the ticker CACC. Its disclosures cover operating results, non-GAAP adjusted income measures, loan portfolio performance, forecasted future collections, dealer holdback payments, and risks tied to the automobile finance market and non-prime consumer credit.
The company's SEC filings also include material-event reports on asset-backed non-recourse secured financings, amendments to loan and security agreements, and trust or special purpose entity structures used to convey consumer loans and issue notes. Proxy materials document board matters, executive compensation, incentive plan information, shareholder voting items, and governance practices, while 8-K filings record officer transitions, Regulation FD materials, and other capital-structure or financing events.
Credit Acceptance (CACC) reported insider activity by its Chief Technology Officer. On 10/24/2025, the officer had 1,269.5 common shares withheld at $506.56 per share to satisfy tax obligations upon the vesting and settlement of restricted stock units.
Following the transaction, the officer beneficially owned 27,317.62 common shares. This figure includes 23,458 unvested RSUs granted under the company’s Incentive Compensation Plan, each representing one share. The officer also holds an employee stock option for 16,000 shares at an exercise price of $424.12, vesting in four equal annual installments beginning on October 24, 2023, and expiring on October 24, 2028.
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 $9,857,400. The shares represent founder stock acquired on 07/19/1972 and are split into two entries of 10,000 shares each, both described as issued for services rendered. The filing lists 11,237,661 shares outstanding, and the approximate sale date is 10/09/2025. The filer certifies they are not aware of undisclosed material adverse information and indicates no sales of these securities in the past three months.
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.
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.
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.
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.