Welcome to our dedicated page for Amer Carmart SEC filings (Ticker: CRMT), 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.
America’s Car-Mart, Inc. filings document the regulatory record of a Nasdaq-listed used-car retailer and finance company. Disclosures cover operating results for its integrated auto sales and finance business, including vehicle sales, finance receivables, interest income, collections, credit performance, loss reserves and liquidity.
The company’s SEC filings also describe capital-structure matters, including senior secured credit facilities, guarantees, collateral arrangements and asset-backed securitizations backed by customer installment sale contracts. Proxy and shareholder-meeting filings cover director elections, executive compensation, governance votes and common stock matters, while registration statements address securities registered for delayed or continuous offerings.
America's Car-Mart entered a First Amendment and Limited Waiver to its Credit and Guaranty Agreement with Silver Point Finance and other lenders, temporarily waiving several existing and expected covenant defaults. The waiver covers failures to meet minimum liquidity and Collateral Coverage Ratio requirements, certain reporting obligations, and the expected inability to deliver an unqualified audit opinion for the year ended April 30, 2026. During a defined Specified Period running to a Scheduled Termination Date of September 7, 2026, with possible extensions to September 21 or November 6, 2026, the company must meet detailed milestones, enhanced reporting, and revised covenants, including weekly minimum liquidity of $7 million and $5 million at other times and a minimum Collateral Coverage Ratio of 1.25:1.00 as of June 30, 2026 or 1.20:1.00 thereafter. If all milestones and conditions are met and no other defaults exist, the waiver can become permanent; otherwise, it may terminate. The company will pay up to $18 million in aggregate fees to the agent and lenders in connection with the amendment and continues a strategic review that may involve financing, recapitalization, restructuring, mergers and acquisitions, or other transactions, while cautioning that outcomes are uncertain and a restructuring, including scenarios that could significantly dilute or eliminate existing equity, remains possible.
The filing also reports governance and leadership changes tied to the amendment. Director Julia K. Davis resigned, and the board expanded from ten to eleven members, appointing independent directors Gilbert E. Nathan and Michael J. Wartell, who join a reconstituted Special Committee overseeing the strategic review. Each new director entered an Independent Director Agreement providing $45,000 in monthly fees for at least three months, plus $4,000 per day when board commitments exceed four hours, along with customary indemnification and expense reimbursement. Chief Financial Officer Jonathan Collins will resign effective July 31, 2026, and Senior Vice President of Capital Markets Marie Persichetti will become CFO on August 1, 2026 with an increased annual base salary of $425,000 and a new $200,000 cash retention award on top of a prior $315,000 retention bonus. Chief Accounting Officer Vickie D. Judy received an additional $200,000 cash retention award, supplementing a previously disclosed $300,000 award. Both retention awards must generally be repaid on a post-tax basis if employment ends before the earlier of a change in control and one year after the award date, unless the departure qualifies as a "Qualifying Termination." The company emphasizes significant risks related to its high debt load, liquidity, covenant compliance, the success and timing of its strategic review, potential need to seek bankruptcy or insolvency protection, and the possibility that common shareholders could suffer a substantial or total loss of their investment.
America's Car-Mart, Inc. entered into an additional short-term arrangement with its lenders, extending their agreement not to exercise remedies for actual or anticipated defaults under its Credit and Guaranty Agreement to June 19, 2026. The company describes discussions with the agent and lenders as active and constructive and believes they are close to an interim amendment to the credit agreement to address these default-related concerns. However, it cautions there is no assurance that negotiations will result in a definitive amendment and highlights typical risks and uncertainties through forward-looking statement disclosures.
Americas CarMart Inc. filed an initial Form 3 for director Paul Adam. The filing identifies Adam as a director of the company but does not list any transactions or derivative positions. It serves as a baseline disclosure of his status as an insider subject to reporting rules.
Americas CarMart Inc. Chief Financial Officer Jonathan M. Collins had 506 shares of common stock withheld by the company at $7.73 per share to cover taxes on a vesting restricted stock award. After this tax-withholding transaction, he directly holds 5,938 shares of common stock.
Americas Car-Mart Chief Accounting Officer Judy Vickie D. reported receiving equity awards from the company. She was granted 6,007 employee stock options with an exercise price of $7.37 per share, which will vest in four equal annual installments beginning on June 3, 2027 and expire on June 3, 2036. She also received a restricted stock award of 1,241 common shares, scheduled to vest in two installments of 620 shares on January 16, 2029 and 621 shares on January 16, 2031. Following these awards, she directly holds 33,059.9902 common shares, including 3,230.9902 shares under the America's Car-Mart, Inc. Employee Stock Purchase Plan.
Americas Car-Mart Inc reported that Chief Operating Officer Jamie Fischer received an award of employee stock options. The grant covers 18,628 options to purchase common stock at an exercise price of $7.37 per share. These options vest in four equal annual installments beginning on June 3, 2027 and expire on June 3, 2036. After this grant, Fischer holds 18,628 stock options directly as part of her compensation, with no open-market buying or selling involved.
Americas CarMart Inc. Chief Financial Officer Jonathan M. Collins received a grant of stock options covering 16,687 shares of common stock. The options have an exercise price of $7.37 per share and expire on June 3, 2036. According to the footnote, the award vests in four equal annual installments beginning on June 3, 2027, meaning the options become exercisable gradually over four years. After this grant, Collins holds derivative rights to 16,687 shares through these options.
AMERICAS CARMART INC President & CEO Douglas W. Campbell Jr. received an award of employee stock options to acquire 60,307 shares of common stock. The options have an exercise price of $7.37 per share and expire on June 3, 2036.
These options were granted as compensation, not purchased in the open market, and all 60,307 options are reported as held directly after the transaction. According to the award terms, the options will vest in four equal annual installments beginning on June 3, 2027, meaning the right to exercise is spread over four years.
America's Car-Mart, Inc. obtained a short-term lender forbearance under its Credit and Guaranty Agreement, with agents and lenders agreeing not to exercise remedies for certain anticipated covenant and reporting defaults through June 12, 2026. These anticipated issues relate to minimum liquidity, collateral coverage, and borrowing base and liquidity reporting covenants.
The board also approved an Employee Retention Program for senior management and key employees. Named executive officers will receive cash retention awards, including $1,200,000 for CEO Douglas Campbell and $563,000 for CFO Jonathan Collins, subject to repayment if they depart before a defined retention date, except in specified qualifying terminations. The company granted stock option awards split into currently issuable “Initial Options” and “Contingent Options” that depend on stockholder approval of a plan amendment at the 2026 annual meeting. A special board committee continues to oversee a review of strategic alternatives, including financing, recapitalization, restructuring, and potential transactions, with no assurance any deal will result.
America’s Car‑Mart, Inc. files a prospectus supplement registering 937,487 shares of Common Stock issuable upon exercise of warrants for resale by selling stockholders. The supplement states the Company will not receive proceeds from these resales and updates the Prospectus with disclosures from a Form 8‑K.
The Form 8‑K attached to the supplement discloses the Board’s retention of Houlihan Lokey as financial advisor and formation of a Special Committee chaired by newly appointed independent director Adam Paul to evaluate strategic alternatives. Compensation terms for Mr. Paul’s Independent Director Agreement are included in the filing.