Credit Acceptance Announces Change of Location of 2020 Annual Meeting of Shareholders
July 02 2020 - 8:00AM
Credit Acceptance Corporation (Nasdaq: CACC) (referred to as
the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today
announced that, because of the continuing public health concerns
relating to the COVID-19 pandemic, and in consideration of the
health and well-being of shareholders and other meeting
participants, the Company’s annual meeting of shareholders to be
held on Wednesday, July 15, 2020, at 8:00 a.m., Eastern time (the
“Annual Meeting”), will not be held at the Company’s principal
executive offices, but instead will be held solely by means of
remote communication in a virtual meeting format by live audio
webcast over the Internet. Shareholders will not be able to attend
the Annual Meeting physically in person.
Only shareholders of record of the Company at
the close of business on May 21, 2020, the record date for the
Annual Meeting, are entitled to notice of and to vote at the Annual
Meeting. Shareholders of record as of the record date will be able
to attend and participate in the Annual Meeting online by logging
in to the Meeting Center at www.meetingcenter.io/217422590 using
the 15-digit control number found on their proxy card or Notice of
Internet Availability of Proxy Materials or on the instructions
that accompanied their proxy materials. The meeting password is
CACC2020.
Shareholders that owned their Credit Acceptance
Corporation shares as of the record date for the Annual Meeting
through a bank, broker or other intermediary in street name must
register in advance to attend and participate in the Annual
Meeting. To register, they must first obtain a legal proxy,
executed in their favor, from the holder of record reflecting the
number of shares of Credit Acceptance Corporation common stock held
for their account as of the record date for the Annual Meeting.
They must then submit the legal proxy, along with their name and
e-mail address, by e-mail with “Legal Proxy” as the subject line,
to Computershare at legalproxy@computershare.com. Requests for
registration must be received by Computershare no later than
5:00 p.m., Eastern time, on July 10, 2020. They will then
receive a confirmation of their registration, with a 15-digit
control number, by e-mail from Computershare. Having registered in
advance, they will be able to attend and participate in the Annual
Meeting online by logging in to the Meeting Center at
www.meetingcenter.io/217422590 using the 15-digit control number
provided to them by Computershare and the meeting password,
CACC2020.
The virtual format of the Annual Meeting is
designed to provide shareholders the same rights and opportunities
to participate and vote their shares as they would have at an
in-person meeting. Whether or not shareholders plan to attend the
Annual Meeting through the live audio webcast, we urge shareholders
to vote by proxy in advance of the meeting. The proxy card included
with the proxy materials for the Annual Meeting previously mailed
or made available to shareholders will not be updated to reflect
the change from an in-person meeting to a virtual-only meeting and
may continue to be used to vote shares in connection with the
Annual Meeting.
The Company has made available to shareholders
of record, and filed with the Securities and Exchange Commission, a
notice of change of location of annual meeting of shareholders that
contains additional information about attending and participating
in the virtual-only Annual Meeting.
Description of Credit Acceptance Corporation
Since 1972, Credit Acceptance has offered
financing programs that enable automobile dealers to sell vehicles
to consumers, regardless of their credit history. Our financing
programs are offered through a nationwide network of automobile
dealers who benefit from sales of vehicles to consumers who
otherwise could not obtain financing; from repeat and referral
sales generated by these same customers; and from sales to
customers responding to advertisements for our financing programs,
but who actually end up qualifying for traditional financing.
Without our financing programs, consumers are
often unable to purchase vehicles or they purchase unreliable ones.
Further, as we report to the three national credit reporting
agencies, an important ancillary benefit of our programs is that we
provide consumers with an opportunity to improve their lives by
improving their credit score and move on to more traditional
sources of financing. Credit Acceptance is publicly traded on the
Nasdaq Stock Market under the symbol CACC. For more information,
visit creditacceptance.com.
Investor Relations: Douglas W. Busk
Senior Vice President and Treasurer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com
Credit Acceptance (NASDAQ:CACC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Credit Acceptance (NASDAQ:CACC)
Historical Stock Chart
From Apr 2023 to Apr 2024