America's Car-Mart gets lender waiver to Sept. 24

Rhea-AI Filing Summary

AMERICAS CARMART INC (CRMT) reports that its lenders, led by Silver Point Finance, LLC, have agreed to a third short-term extension of the waiver period under its Credit and Guaranty Agreement, moving the Scheduled Termination Date from September 18, 2026 to September 24, 2026. This extension continues temporary relief from minimum liquidity and Collateral Coverage Ratio requirements during the extended period. The company discloses actual and anticipated events of default under the credit facility, including failures to meet financial covenants and reporting obligations, which are being temporarily waived for a specified period. A special board committee is overseeing an evaluation of strategic alternatives that may include financing, recapitalization, restructuring, or M&A transactions, but the company cautions there is no assurance any favorable transaction will occur, that a permanent waiver will be obtained, or that a sustainable capital structure will be achieved, and notes that common shareholders could face a significant or complete loss of investment, including through restructuring or dilution.

Positive

• Lenders grant third waiver extension under the Credit and Guaranty Agreement, moving the Scheduled Termination Date to September 24, 2026 and continuing temporary relief on liquidity and collateral coverage covenants.
• The company reports active discussions with third parties, the administrative agent, and lenders and believes it has made significant progress toward a transaction as part of its strategic alternatives review.

Negative

• The company has experienced or anticipates events of default under its Credit and Guaranty Agreement, including failure or expected failure to comply with financial covenants and reporting obligations.
• Waivers of these defaults are strictly time-limited, currently extended only through September 24, 2026, with no assurance of a permanent waiver or further relief.
• Disclosures highlight a substantial level of indebtedness, liquidity constraints, and the potential need to seek protection under bankruptcy or insolvency laws if solutions are not reached.
• The company warns that holders of common stock could experience a significant or complete loss of their investment, including via restructuring, recapitalization, or dilution, and cites risk to continued listing on the Nasdaq Stock Market.

8-K Event Classification

2 items: 1.01, 8.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Third extension Scheduled Termination Date: September 24, 2026 Prior Scheduled Termination Date extension: September 18, 2026 Initial waiver start reference: June 25, 2026 +2 more

5 metrics

Third extension Scheduled Termination Date September 24, 2026 End date of the extended waiver period under the Credit and Guaranty Agreement

Prior Scheduled Termination Date extension September 18, 2026 Second Extension date previously agreed by agent and lenders

Initial waiver start reference June 25, 2026 Date of earlier 8-K describing the First Amendment and Limited Waiver

Credit Agreement date October 30, 2025 Original date of the Credit and Guaranty Agreement

Fiscal year-end referenced April 30, 2026 Fiscal year-end for the company’s latest referenced Form 10-K

Key Terms

Credit and Guaranty Agreement, Collateral Coverage Ratio, strategic alternatives, forward-looking statements, +1 more

5 terms

Credit and Guaranty Agreement financial

"amending and providing certain limited waivers under the Credit and Guaranty Agreement dated as of October 30, 2025"

A credit and guaranty agreement is a contract that sets out the terms of a loan or credit line and names one or more parties who promise to back the borrower’s obligations, like a co-signer on a car loan. It spells out repayment rules, interest, collateral, and remedies if payments stop, so investors use it to judge how risky a company’s debt is and who would be on the hook if the borrower defaults.

Collateral Coverage Ratio financial

"temporary relief through the extended Scheduled Termination Date with respect to the Company’s obligations to maintain certain minimum liquidity thresholds and a minimum Collateral Coverage Ratio"

Collateral coverage ratio measures how much value of pledged assets (collateral) exists relative to the outstanding debt they secure, usually expressed as a multiple or percentage (collateral value ÷ loan amount). It matters to investors because it signals how protected a lender or creditor is if a borrower defaults — like seeing whether the house fully covers a mortgage — and influences credit risk, loan terms, margin calls and recovery prospects.

strategic alternatives financial

"engaged in an evaluation of strategic alternatives, overseen by a special committee of the Company’s board of directors"

Strategic alternatives are different options a company considers to improve its value or achieve its goals, such as selling the business, merging with another company, or restructuring operations. For investors, understanding these options is important because they can significantly impact the company's future direction and its stock value, often signaling potential changes or opportunities.

forward-looking statements regulatory

"contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995"

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.

Nasdaq Stock Market market

"the Company’s ability to continue to meet the continued listing requirements of the Nasdaq Stock Market"

The Nasdaq Stock Market is a place where many companies' shares are bought and sold, functioning like a marketplace for investing in businesses. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping people grow their wealth or fund business growth. Known for hosting many technology and innovative companies, it is a key indicator of the health of those sectors.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CRMT announce about its credit agreement on September 18, 2026?

CRMT announced that its lenders agreed to a third extension of the waiver period under its Credit and Guaranty Agreement, moving the Scheduled Termination Date to September 24, 2026 and continuing temporary relief from certain liquidity and collateral coverage covenants.

What covenant relief is CRMT receiving from its lenders?

CRMT is receiving temporary relief from obligations to maintain certain minimum liquidity thresholds and a minimum Collateral Coverage Ratio through September 24, 2026, as part of extensions to the First Amendment and Limited Waiver to its Credit and Guaranty Agreement.

What defaults under the Credit Agreement does CRMT disclose?

CRMT discloses that it has experienced or anticipates events of default, including failure or expected failure to meet certain financial covenants and reporting obligations. Lenders have agreed to waive these defaults for a defined period under the amended agreement.

What strategic alternatives is CRMT considering in this 8-K?

A special board committee is overseeing a review of strategic alternatives, which may include financing, recapitalization, restructuring, mergers and acquisitions, and other transactions. The company states there is no assurance that any favorable transaction or outcome will result.

What risks to CRMT shareholders are highlighted in the filing?

CRMT warns that, depending on the outcome of its credit situation and strategic review, holders of common stock could experience a significant or complete loss of their investment, including through any restructuring, recapitalization, or dilution and potential need to seek bankruptcy or insolvency protection.

Does CRMT comment on its Nasdaq listing status in this 8-K?

Yes. The company notes the risk of not continuing to meet the Nasdaq Stock Market listing requirements, identifying its listing status as one of several uncertainties tied to its indebtedness, liquidity, and strategic review outcomes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/18/2026 - 04:05 PM Accepted by SEC EDGAR 09/18/2026 - 04:05 PM Learn about SEC filing dates

false 0000799850 0000799850 2026-09-18 2026-09-18 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 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): September 18, 2026

America's Car-Mart, Inc.

(Exact name of registrant as specified in its charter)

Texas	0-14939	63-0851141
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

1805 North 2nd Street, Suite 401, Rogers, Arkansas 72756

(Address of principal executive offices) (Zip Code)

(479) 464-9944

(Registrant's telephone number, including area code)

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:

☐ 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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. ☐

Securities registered pursuant to Section 12(b) of the Act:

Common Stock, par value $0.01 per share CRMT NASDAQ Global Select Market

Item 1.01 Entry into a Material Definitive Agreement.

As disclosed in its Current Reports on Form 8-K filed on June 25, 2026 (the “June 25th Current Report”), September 4, 2026 and September 11, 2026 (together with the June 25th Current Report, the “Prior Current Reports”), America's Car-Mart, Inc. (the "Company") entered into the First Amendment and Limited Waiver to Credit and Guaranty Agreement (the "Amendment") with Silver Point Finance, LLC, as Administrative Agent and Collateral Agent (the "Agent"), and the lenders party thereto (collectively, the "Lenders"), amending and providing certain limited waivers under the Credit and Guaranty Agreement dated as of October 30, 2025 (the "Credit Agreement").

Pursuant to the Amendment, the Lenders agreed to waive, for the period from the effective date of the Amendment to September 7, 2026 (the "Scheduled Termination Date"), certain anticipated or existing events of default under the Credit Agreement. As previously disclosed, on September 4, 2026, the Agent and Lenders agreed to extend the Scheduled Termination Date through September 11, 2026 (the "Initial Extension"), and on September 10, 2026, the Agent and Lenders agreed to extend the Scheduled Termination Date through September 18, 2026 (the "Second Extension"). On September 18, 2026, the Agent and Lenders agreed to further extend the Scheduled Termination Date through September 24, 2026 (the "Third Extension" and, together with the Initial Extension and the Second Extension, the “Extensions”). Consistent with the Second Extension, the Third Extension includes temporary relief through the extended Scheduled Termination Date with respect to the Company’s obligations to maintain certain minimum liquidity thresholds and a minimum Collateral Coverage Ratio (as defined in the Credit Agreement), each as described in the June 25th Current Report.

Item 8.01 Other Events.

As previously disclosed, the Company is also engaged in an evaluation of strategic alternatives, overseen by a special committee of the Company’s board of directors and which may include potential financing, recapitalization, restructuring, mergers and acquisitions, and other transactions. The Company believes it has made significant progress towards a transaction and that discussions remain active with third-parties, the Agent, and the Lenders.

As described in the Prior Current Reports, the Company has experienced, or anticipates experiencing, events of default under the Credit Agreement, including the failure or expected failure to comply with certain financial covenants and reporting obligations. Pursuant to the Amendment, the Lenders have agreed to waive such defaults for the Specified Period (as defined in the Amendment) on the terms described in the June 25th Current Report, as extended by the Extensions. There can be no assurance that the Company will satisfy the conditions to a permanent waiver of such defaults, that the Company’s review of strategic and financing alternatives will result in any transaction or other outcome favorable to the Company or its stockholders or that the Company will be able to achieve a sustainable capital structure.

Forward-Looking Statements.

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report that do not relate to matters of historical fact should be considered forward-looking statements. Words such as “expects,” “believes,” “will,” “would,” “plans,” “intends,” “continue,” “remain,” and other similar words and expressions are intended to signify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the Amendment and the covenant relief and waivers provided thereunder, the duration of the waiver and relief period and the Company’s ability to extend that period, the Company’s review of strategic and financing alternatives and the potential outcomes thereof, the Company’s liquidity and efforts to preserve it, and the Company’s expectations regarding its future business and operations.

Actual results and the timing of such results could materially differ from those anticipated in such forward-looking statements as a result of certain risks and uncertainties, including: the Company’s ability to satisfy the milestones and conditions set forth in the Amendment within the required timeframes; the Company’s ability to extend the waiver and relief period to November 2026 or otherwise obtain additional covenant relief, waivers, forbearance, or financing from its lenders on acceptable terms or at all; the risk that the Company’s review of strategic alternatives does not result in any transaction or other outcome, or that any such transaction or outcome is on terms that are unfavorable to the Company or its stakeholders, or is not completed in a timely manner; the Company’s substantial level of indebtedness and its ability to service that indebtedness; the Company’s liquidity position and ability to fund its operations and obligations as they come due; the potential need to seek protection under applicable bankruptcy or insolvency laws; the possibility that holders of the Company’s common stock could experience a significant or complete loss of their investment, including as a result of any restructuring, recapitalization, or dilution; the Company’s ability to continue to meet the continued listing requirements of the Nasdaq Stock Market; the effect of the foregoing on the Company’s relationships with customers, employees, suppliers, lenders, and other stakeholders; the costs, timing, and uncertainties associated with the strategic review process and related advisory engagements; and the diversion of management’s attention from ordinary-course business operations.

Additional risks include, without limitation: general economic conditions in the markets in which the Company operates, including but not limited to fluctuations in gas prices, grocery prices, and employment levels and inflationary pressure on operating costs and customers’ ability to make payments; the availability of quality used vehicles at prices that will be affordable to the Company’s customers, including the impacts of changes in new vehicle production and sales; the availability of credit facilities and access to capital through securitization financings or other sources on terms acceptable to the Company, and any increase in the cost of capital, to support the Company’s business; the Company’s ability to underwrite and collect its contracts effectively; competition; dependence on existing management; the ability to attract, develop, and retain qualified general managers; changes in consumer finance laws or regulations; future shutdowns of the federal government or changes to federal or state government assistance programs impacting the Company’s customers; the ability to keep pace with technological advances and changes in consumer behavior affecting the Company’s business; security breaches, cyber-attacks, or fraudulent activity; the occurrence and impact of any adverse weather events or other natural disasters affecting the Company’s dealerships or customers; and additional risks described in more detail in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2026 and other documents on file with the SEC, each of which can be found on the SEC’s website, www.sec.gov, or the investor relations section of the Company’s website. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

SIGNATURES

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.

	AMERICA'S CAR-MART, INC.
Date: September 18, 2026	By: /s/ Marie Persichetti
	Marie Persichetti
	Chief Financial Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB