Current Report Filing (8-k)
July 15 2020 - 04:53PM
Edgar (US Regulatory)
false0000885550
0000885550
2020-07-15
2020-07-15
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): July 15, 2020
CREDIT ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter)
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Michigan
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000-20202
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38-1999511
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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25505 West Twelve Mile Road
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Southfield,
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Michigan
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48034-8339
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (248) 353-2700
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Not Applicable
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(Former name or former address, if changed since last report.)
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading symbol(s)
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Name of each exchange on which registered
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Common Stock, $.01 par value
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CACC
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The Nasdaq Stock Market
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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 as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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. o
Item 5.07. Submission of Matters to a Vote of Security Holders.
On July 15, 2020, Credit Acceptance held its Annual Meeting of Shareholders at which shareholders:
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1.
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Elected four directors to serve until the 2021 annual meeting;
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2.
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Approved named executive officer compensation on an advisory basis; and
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3.
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Ratified the selection of Grant Thornton LLP as our independent registered public accounting firm for 2020.
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Shareholders cast their votes on each of these three proposals as follows:
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1.
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Election of four directors to serve until the 2021 Annual Meeting of Shareholders:
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Director Nominees
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For
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Withheld
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Broker Non Votes
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Glenda J. Flanagan
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11,074,905
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1,203,207
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2,247,403
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Brett A. Roberts
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11,563,500
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714,612
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2,247,403
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Thomas N. Tryforos
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10,993,272
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1,284,840
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2,247,403
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Scott J. Vassalluzzo
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11,074,754
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1,203,358
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2,247,403
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2.
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Approval of the advisory vote on named executive officer compensation:
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For
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Against
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Abstain
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Broker Non Votes
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11,536,690
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63,179
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678,243
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2,247,403
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3.
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Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2020:
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For
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Against
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Abstain
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Broker Non Votes
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14,496,533
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28,681
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301
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-
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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.
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CREDIT ACCEPTANCE CORPORATION
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Date: July 15, 2020
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By:
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/s/ Kenneth S. Booth
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Kenneth S. Booth
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Chief Financial Officer
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