TOYOTA MOTOR CREDIT CORP 8-K

What Happened Toyota Motor Credit Corporation (TMCC) announced that Scott Cooke will retire as President, Chief Executive Officer and Director effective April 6, 2026. After stepping down, Mr. Cooke will serve as Executive Advisor supporting the Americas Oceania Region of Toyota Financial Services Corporation through June 30, 2026. The TMCC Board has appointed Alec Hagey to succeed Mr. Cooke as President, Chief Executive Officer and Chairman of the Board effective April 6, 2026.

Key Details

• Scott Cooke’s retirement and the leadership change were disclosed in an 8-K filed April 3, 2026 under Item 8.01.
• Alec Hagey currently serves as an executive advisor; he previously was Senior Vice President and Chief Operating Officer of TMCC and first joined Toyota in 1990.
• Hagey is expected to also serve as President and Chief Operating Officer of Toyota Financial Services International Corporation (TMCC’s parent).
• A press release about the change is furnished as Exhibit 99.1 to the 8-K (furnished, not filed). The company refers investors to its Form 10-K (filed June 3, 2025) for additional biographical information.

Why It Matters This filing reports a planned, orderly CEO transition at TMCC with an immediate effective date (April 6, 2026) and a short advisory overlap for the outgoing CEO through June 30, 2026. For investors, the key facts are continuity of leadership (successor with long Toyota tenure and prior COO experience) and the formal appointment by the Board. Review TMCC’s press release (Exhibit 99.1) and the company’s 10-K for more background on the executives and any future disclosures about strategy or management changes.