Copart (CPRT) appoints senior outside counsel to its board

Rhea-AI Filing Summary

Copart, Inc. appointed David J. Berger to its Board of Directors effective August 13, 2026, with an initial term expiring at the 2026 annual meeting of stockholders. Berger, age 67, is a Senior Partner at Wilson Sonsini Goodrich & Rosati, which serves as Copart’s outside corporate counsel. Copart anticipates continuing to engage Wilson Sonsini for routine legal services and expects any fees payable for the fiscal year ending July 31, 2027 will not be material. Berger has no family relationships with Copart’s directors or executive officers and will participate in Copart’s outside director compensation program, and the company has entered into its standard indemnification agreement with him. A press release dated August 17, 2026 announcing his appointment is furnished as Exhibit 99.1 and not deemed filed for Exchange Act liability purposes.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

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.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Effective appointment date: August 13, 2026 Director age: 67 Fiscal year end for expected fees: July 31, 2027 +5 more

8 metrics

Effective appointment date August 13, 2026 Date David J. Berger joined Copart’s Board of Directors

Director age 67 Age of David J. Berger at time of appointment

Fiscal year end for expected fees July 31, 2027 Fiscal year for which fees to Wilson Sonsini are expected to be not material

Members on Copart platforms approximately 1 million Members in over 185 countries connected to Copart’s platforms

Countries with members over 185 Geographic reach of Copart’s member base

Operational locations over 250 Number of locations where Copart operates in 11 countries

Countries of operation 11 Number of countries in which Copart has operations

Units sold last year more than 4 million Vehicles sold by Copart in the last year

Key Terms

outside director compensation program, indemnification agreement, related party transactions, forward-looking statements, +1 more

5 terms

outside director compensation program financial

"Mr. Berger will participate in the Company’s outside director compensation program"

indemnification agreement regulatory

"the Company has entered into its standard form of indemnification agreement"

An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.

related party transactions financial

"no related party transactions between the Company and Mr. Berger"

Transactions between a company and people or entities that have close ties to it—such as executives, board members, major shareholders, family members, or related companies—where the parties are not independent. These deals matter to investors because they can create conflicts of interest or hide favorable terms that distort a company’s true profits and risks; think of it like a business buying or selling to a family member instead of using the open market, which can lead to biased prices or undisclosed obligations.

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of federal securities laws"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

shareholder activism financial

"His practice focuses on corporate governance, mergers and acquisitions, and shareholder activism"

Shareholder activism occurs when investors use their ownership stake in a company to influence its decisions and management practices. Like a concerned group of neighbors working together to improve their community, active shareholders may push for changes they believe will increase the company's value or align it with their interests. This process matters to investors because it can lead to better company performance and higher returns.

FAQ

What corporate governance change did Copart (CPRT) announce on August 17, 2026?

Copart announced that David J. Berger joined its Board of Directors effective August 13, 2026, with an initial term expiring at the company’s 2026 annual meeting of stockholders, strengthening the board’s corporate governance and legal expertise.

What is David J. Berger’s professional background relevant to Copart (CPRT)?

David J. Berger is a Senior Partner at Wilson Sonsini Goodrich & Rosati, where he has practiced since 1989. His expertise includes corporate governance, mergers and acquisitions, and shareholder activism, and he has held multiple leadership roles at the firm and in governance organizations.

How does Copart (CPRT) describe its relationship with Wilson Sonsini after Berger’s appointment?

Copart states Wilson Sonsini will be engaged from time to time for routine legal services, and expects any fees payable for the fiscal year ending July 31, 2027 will not be material, with no related party transactions requiring disclosure for the year ended July 31, 2026.

Will David J. Berger receive standard director benefits at Copart (CPRT)?

Yes. Copart indicates that Berger will participate in its outside director compensation program, as described in its October 24, 2025 proxy statement, and that the company has entered into its standard form of indemnification agreement with him as it does for other directors.

Is the press release about David J. Berger’s appointment considered filed information for Copart (CPRT)?

No. Copart specifies that the information in Item 7.01 and Exhibit 99.1 is being furnished, not filed, and therefore is not subject to liability under Section 18 of the Exchange Act or incorporated by reference into other securities filings.

What scale of operations does Copart (CPRT) highlight in the press release?

Copart describes itself as a global leader in online vehicle auctions, connecting consignors to approximately 1 million members in over 185 countries, with operations at over 250 locations in 11 countries, having sold more than 4 million units in the last year.

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Understanding 8-K Material Events →

Available on EDGAR 08/18/2026 - 06:05 AM Accepted by SEC EDGAR 08/18/2026 - 06:01 AM Learn about SEC filing dates

COPART INC false 0000900075 0000900075 2026-08-13 2026-08-13

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):

August 13, 2026

COPART, INC.

(Exact name of registrant as specified in its charter)

Delaware		000-23255		94-2867490
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

14185 Dallas Parkway

Suite 300

Dallas, Texas 75254

(Address of principal executive offices, including zip code)

(972) 391-5000

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2. below):

☐ 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, par value $0.0001 per share		CPRT		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company 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. ☐

Section 5 - Corporate Governance & Management

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

On August 13, 2026 (the “Effective Date”), the Board of Directors (the “Board”) of Copart, Inc. (the “Company”), upon the recommendation of its Nominating, Governance, and Sustainability Committee, appointed David J. Berger to serve as a director effective as of the Effective Date, with an initial term expiring at the Company’s 2026 annual meeting of stockholders.

There are no arrangements or understandings between Mr. Berger, on the one hand, and the Company or any other persons, on the other hand, pursuant to which Mr. Berger was selected as a director. Mr. Berger is a Senior Partner of the law firm Wilson Sonsini Goodrich & Rosati, P.C. (“Wilson Sonsini”), which serves as outside corporate counsel to the Company. Although there are no related party transactions between the Company and Mr. Berger (or any of his immediate family members) requiring disclosure under Item 404(a) of Regulation S-K for the fiscal year ended July 31, 2026, the Company anticipates that it will, on a going-forward basis, engage Wilson Sonsini from time to time to perform routine legal services for the Company and its subsidiaries. The Company expects that any fees payable to Wilson Sonsini for the fiscal year ending July 31, 2027 as a result of this engagement will not be material in amount. Mr. Berger does not have any family relationships with any of the Company’s directors or executive officers. Mr. Berger will participate in the Company’s outside director compensation program, as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on October 24, 2025. In addition, the Company has entered into its standard form of indemnification agreement with Mr. Berger.

Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On August 17, 2026, the Company issued a press release announcing the appointment of Mr. Berger as director as described in this Current Report on Form 8-K. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, and such information shall not be incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press release, dated August 17, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.

				COPART, INC.
				By:		/s/ Leah Stearns
						Leah Stearns, Chief Financial Officer
						Principal Financial and Accounting Officer and duly Authorized Officer
Date: August 17, 2026

Exhibit 99.1

Copart Announces the Addition of David J. Berger to Its Board of Directors

NEWS PROVIDED BY

Copart, Inc.

August 17, 2026

SHARE THIS ARTICLE

DALLAS, August 17, 2026 /PRNewswire/ — Copart, Inc. (NASDAQ: CPRT) today reported that David J. Berger has joined Copart’s Board of Directors, effective August 13, 2026.

Mr. Berger, 67, currently serves as a Senior Partner of Wilson Sonsini Goodrich & Rosati, P.C., a law firm, where he has practiced since 1989 and has served as a Partner for more than twenty years. His practice focuses on corporate governance, mergers and acquisitions, and shareholder activism. He has held a number of leadership positions at the firm, including service on its board of directors, as chair of its Policy Committee, and on the board of the firm’s venture capital fund. Mr. Berger has served as President of the American College of Governance Counsel since May 2023. He currently serves as a director of the Long-Term Stock Exchange, where he chairs its Nominating and Governance Committee. Since 2023, Mr. Berger has served as co-chair of the annual Rome Conference on AI, Ethics and Governance held at the Vatican as well as a director of various non-profit organizations. Mr. Berger received his J.D. from Duke University School of Law and his B.A. from Duke University.

“We are pleased to welcome David Berger to Copart’s Board of Directors,” said Jay Adair, Chief Executive Officer of Copart. “David brings exceptional experience in corporate governance, mergers and acquisitions, and complex litigation, along with a deep understanding of the issues facing public companies. His leadership and expertise will be valuable as Copart continues to grow and create long-term value for our shareholders, customers, employees and communities.”

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/Register.

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

Contact

Leah C. Stearns

Senior Vice President & Chief Financial Officer

Copart

Leah.Stearns@Copart.com

972-391-5706

SOURCE Copart, Inc.

Related Links

https://www.copart.com

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 7.4 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB