CREDIT ACCEPTANCE CORP 8-K

What Happened
Credit Acceptance Corporation (CACC) announced in an 8-K filed Jan 26, 2026 that Arthur L. Smith (Chief Analytics Officer) and Daniel A. Ulatowski (Chief Sales Officer) informed the company on Jan 20, 2026 that they will retire as officers and employees effective Feb 1, 2026. Each is expected to continue as a non-employee advisor under consulting arrangements through July 31, 2026.

Key Details

• Retirement effective date: February 1, 2026; advisory period through July 31, 2026.
• Consulting fees (subject to execution and non-revocation of a general release): Smith — $66,758.01 per month; Ulatowski — $64,166.67 per month.
• Stock options: Both executives’ outstanding options will be treated as retirements under the company’s incentive plan and remain exercisable through their original expiration date (December 30, 2026).
• Filing signed by Jay D. Martin, Chief Financial Officer; notice given to the company on January 20, 2026; 8-K filed January 26, 2026.

Why It Matters
Leadership changes in analytics and sales affect areas central to Credit Acceptance’s business operations. The consulting arrangements suggest a planned transition rather than abrupt departures, and the retention of option exercise rights through year-end 2026 indicates no immediate acceleration or forfeiture of equity for these officers. Investors should note the operational continuity steps but monitor future filings for named successors or further management changes.