Amended Statement of Ownership (sc 13g/a)

Date : 02/14/2020 @ 11:44AM
Source : Edgar (US Regulatory)
Stock : Credit Acceptance Corporation (CACC)
Quote : 285.3  -16.49 (-5.46%) @ 4:00AM
Credit Acceptance share price Chart

Amended Statement of Ownership (sc 13g/a)

Schedule 13G   Page 1 of 11
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 12)*

 

 

CREDIT ACCEPTANCE CORPORATION

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

225310 10 1

(CUSIP Number)

 

December 31, 2018

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

Schedule 13G   Page 2 of 11

 

CUSIP No. 225310 10 1

1. Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

The Donald A. Foss 2009 Remainder Trust

 

2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨

 

3. SEC Use Only

 

4. Citizenship or Place of Organization: Michigan

 

Number of 5. Sole Voting Power: 0
Shares   
Beneficially 6. Shared Voting Power: 978,823
Owned by    
Each 7. Sole Dispositive Power: 978,823
Reporting    

Person With: 8. Shared Dispositive Power: 0
     

9. Aggregate Amount Beneficially Owned by Each Reporting Person: 978,823

 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11. Percent of Class Represented by Amount in Row (9): 5.2%*

 

12. Type of Reporting Persons (See Instructions): IN
     

 

*The percentage is calculated based upon total outstanding shares of 18,780,287, as of February 1, 2019, as set forth in the Issuer’s Form 10-K, filed on February 8, 2019.

 

 

Schedule 13G   Page 3 of 11

 

CUSIP No. 225310 10 1

1. Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

The Donald A. Foss 2010 Remainder Trust

 

2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨

 

3. SEC Use Only

 

4. Citizenship or Place of Organization: Michigan

 

Number of 5. Sole Voting Power: 0
Shares   
Beneficially 6. Shared Voting Power: 675,821
Owned by    
Each 7. Sole Dispositive Power: 675,821
Reporting    

Person With: 8. Shared Dispositive Power: 0
     

9. Aggregate Amount Beneficially Owned by Each Reporting Person: 675,821

 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11. Percent of Class Represented by Amount in Row (9): 3.6%*

 

12. Type of Reporting Persons (See Instructions): IN
     

 

*The percentage is calculated based upon total outstanding shares of 18,780,287, as of February 1, 2019, as set forth in the Issuer’s Form 10-K, filed on February 8, 2019.

 

 

Schedule 13G   Page 4 of 11

 

CUSIP No. 225310 10 1

1. Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

The Donald A. Foss 2010 Remainder Trust #2

 

2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨

 

3. SEC Use Only

 

4. Citizenship or Place of Organization: Michigan

 

Number of 5. Sole Voting Power: 12,826
Shares   
Beneficially 6. Shared Voting Power: 0
Owned by    
Each 7. Sole Dispositive Power: 12,826
Reporting    

Person With: 8. Shared Dispositive Power: 0
     

9. Aggregate Amount Beneficially Owned by Each Reporting Person: 12,826

 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11. Percent of Class Represented by Amount in Row (9): 0.1%*

 

12. Type of Reporting Persons (See Instructions): IN
     

  

*The percentage is calculated based upon total outstanding shares of 18,780,287, as of February 1, 2019, as set forth in the Issuer’s Form 10-K, filed on February 8, 2019.

 

 

Schedule 13G   Page 5 of 11

 

CUSIP No. 225310 10 1

1. Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants

 

2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨

 

3. SEC Use Only

 

4. Citizenship or Place of Organization: Michigan

 

Number of 5. Sole Voting Power: 178,879
Shares   
Beneficially 6. Shared Voting Power: 0
Owned by    
Each 7. Sole Dispositive Power: 178,879
Reporting    

Person With: 8. Shared Dispositive Power: 0
     

9. Aggregate Amount Beneficially Owned by Each Reporting Person: 178,879

 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11. Percent of Class Represented by Amount in Row (9): 1.0%*

 

12. Type of Reporting Persons (See Instructions): IN
     

  

*The percentage is calculated based upon total outstanding shares of 18,780,287, as of February 1, 2019, as set forth in the Issuer’s Form 10-K, filed on February 8, 2019.

 

 

Schedule 13G   Page 6 of 11

 

CUSIP No. 225310 10 1

1. Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

Allan V. Apple

 

2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨

 

3. SEC Use Only

 

4. Citizenship or Place of Organization: United States of America

 

Number of 5. Sole Voting Power: 191,705
Shares   
Beneficially 6. Shared Voting Power: 1,654,644
Owned by    
Each 7. Sole Dispositive Power: 1,846,349
Reporting    

Person With: 8. Shared Dispositive Power: 0
     

9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,846,349*

 

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11. Percent of Class Represented by Amount in Row (9): 9.8%**

 

12. Type of Reporting Persons (See Instructions): IN
     

  

*Mr. Apple is the trustee of The Donald A. Foss 2009 Remainder Trust, The Donald A. Foss 2010 Remainder Trust, The Donald A. Foss 2010 Remainder Trust #2, and The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants. Mr. Apple disclaims beneficial ownership of the 1,846,349 of these shares owned by such trusts.

**The percentage is calculated based upon total outstanding shares of 18,780,287, as of February 1, 2019, as set forth in the Issuer’s Form 10-K, filed on February 8, 2019.

 

 

Schedule 13G   Page 7 of 11


Item 1. (a) Name of Issuer: Credit Acceptance Corporation

  

Item 1. (b) Address of Issuer's Principal Executive Offices: 25505 West Twelve Mile Road, Southfield, MI 48034-8339

 

Item 2. (a) Name of Person Filing:

 

The Donald A. Foss 2009 Remainder Trust

The Donald A. Foss 2010 Remainder Trust

The Donald A. Foss 2010 Remainder Trust #2

The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants

Allan V. Apple

(Each a “Reporting Person,” and collectively, the “Reporting Persons.”) See Exhibit A.

 

Item 2. (b) Address of Principal Business Office or, if none, Residence:

 

29777 Telegraph Road, Suite 2611, Southfield, MI 48034

 

Item 2. (c) Citizenship:

 

The Donald A. Foss 2009 Remainder Trust: Michigan

The Donald A. Foss 2010 Remainder Trust: Michigan

The Donald A. Foss 2010 Remainder Trust #2: Michigan

The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants: Michigan

Allan V. Apple: United States of America

 

Item 2. (d) Title of Class of Securities: Common Stock

 

Item 2. (e) CUSIP Number: 225310 10 1

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable

 

 

Schedule 13G   Page 8 of 11

 

Item 4. Ownership

 

 

 

 

Reporting Person

 

 

Amount Beneficially Owned

   

 

 

 

Percent
of Class

   

 

Sole Power to Vote or to Direct the Vote

   

 

Shared Power to Vote or to Direct the Vote

   

Sole Power to Dispose or to Direct the Disposition of

   

 

Shared Power to Dispose or to Direct the Disposition of

 
The Donald A. Foss 2009 Remainder Trust     978,823 *     5.2 %**     -       978,823       978,823       -  
The Donald A. Foss 2010 Remainder Trust     675,821 *     3.6 %**     -       675,821       675,821       -  
The Donald A. Foss 2010 Remainder Trust #2     12,826 *     0.1 %**     12,826       -       12,826       -  
The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants     178,879 *     1.0 %**     178,879       -       178,879       -  
Allan V. Apple Total     1,846,349 *     9.8 %**     191,705       1,654,644       1,846,349       -  

 

* Mr. Apple is the trustee of The Donald A. Foss 2009 Remainder Trust, The Donald A. Foss 2010 Remainder Trust, The Donald A. Foss 2010 Remainder Trust #2, and The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants. Mr. Apple disclaims beneficial ownership of the 1,846,349 of these shares owned by such trusts.

 

**The percentage is calculated based upon total outstanding shares of 18,780,287, as of February 1, 2019, as set forth in the Issuer’s Form 10-K, filed on February 8, 2019.

 

Item 5. Ownership of Five Percent or Less of a Class

 

Not applicable.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group

 

Not applicable.

  

 

Schedule 13G   Page 9 of 11

 

Item 9. Notice of Dissolution of Group

 

Not applicable.

 

Item 10. Certifications

 

Not applicable.

 

 

Schedule 13G   Page 10 of 11

  

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  Date: February 13, 2019 The Donald A. Foss 2009 Remainder Trust  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
    The Donald A. Foss 2010 Remainder Trust  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
    The Donald A. Foss 2010 Remainder Trust #2  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
    The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
       
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  

 

 

Schedule 13G   Page 11 of 11

 

EXHIBIT A

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them a statement on Schedule 13G (including amendments thereto, if any) with respect to the shares of common stock of Credit Acceptance Corporation, a Michigan corporation, and that this Agreement may be included as an Exhibit to such joint filing. Each of the undersigned agrees to be responsible for the timely filing of the Schedule 13G, and for the completeness and accuracy of the information concerning itself contained therein. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of the date listed below.

 

  Date: February 13, 2019 The Donald A. Foss 2009 Remainder Trust  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
    The Donald A. Foss 2010 Remainder Trust  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
    The Donald A. Foss 2010 Remainder Trust #2  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
    The Donald A. Foss 2011 Remainder Trust FBO Robert S. Foss and Descendants  
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  
    Title: Trustee  
       
       
       
    /s/ Allan V. Apple  
    Name: Allan V. Apple  

 

 

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