Common Stock, $.01 par value
- Symbol
- CACC
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 5.02 · 8-K
Credit Acceptance Corporation
CACCNASDAQEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 20, 2026, the Board of Directors of Credit Acceptance Corporation (referred to as the “Company,” “Credit Acceptance,” “we,” “our” or “us”) and Ravi Mohan, the Company’s Chief Technology Officer, mutually agreed that Mr.…
Recent company filings
- 10-Q filingOct 29, 2026
- Results of Operations and Financial ConditionOct 29, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other EventsSep 21, 2026
- Entry into a Material Definitive Agreement · Regulation FD DisclosureSep 18, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsSep 4, 2026
Registered securities in this filing
CREDIT ACCEPTANCE CORP · 8-K · Filed 2026-07-24
Disclosure sections
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 20, 2026, the Board of Directors of Credit Acceptance Corporation (referred to as the “Company,” “Credit Acceptance,” “we,” “our” or “us”) and Ravi Mohan, the Company’s Chief Technology Officer, mutually agreed that Mr. Mohan would resign as Chief Technology Officer, effective August 14, 2026 (the “Effective Date”) and separate from the Company on October 25, 2026.
In connection with Mr. Mohan’s resignation, the Company and Mr. Mohan are expected to enter into a separation and advisory agreement pursuant to which, subject to his execution and non-revocation of a general release of claims, Mr. Mohan will retain the opportunity to vest in his restricted stock units and stock options scheduled to vest on October 24, 2026, and will receive a monthly consulting fee of $64,375 for an advisory services period from the Effective Date to February 14, 2027.