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Registrant’s telephone number, including area code: (i248) i353-2700
Not
Applicable
(Former name or former address, if changed since last report.)
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:
i☐Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading symbol(s)
Name of each exchange on which registered
iCommon Stock, $.01 par value
iCACC
iThe
Nasdaq Stock Market
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 i☐
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 June 2, 2023, Credit Acceptance held
its Annual Meeting of Shareholders at which shareholders:
1.Elected five directors to serve until the 2024 annual meeting;
2.Approved an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan;
3.Approved named executive officer compensation on an advisory basis;
4.Indicated, on an advisory basis, that the frequency of future advisory votes to approve named executive officer compensation should occur every year; and
5.Ratified the selection of Grant Thornton LLP as our independent registered public accounting firm for 2023.
Shareholders
cast their votes on each of these five proposals as follows:
1. Election of five directors to serve until the 2024 Annual Meeting of Shareholders:
Director Nominees
For
Withheld
Broker
Non Votes
Kenneth S. Booth
7,293,580
37,145
3,316,185
Glenda J. Flanagan
7,017,694
313,031
3,316,185
Vinayak R. Hegde
7,190,225
140,500
3,316,185
Thomas
N. Tryforos
7,118,997
211,728
3,316,185
Scott J. Vassalluzzo
7,156,518
174,207
3,316,185
2.Approval of an amendment to the Credit Acceptance Corporation Amended and Restated Incentive Compensation Plan:
For
Against
Abstain
Broker
Non Votes
7,278,981
49,161
2,583
3,316,185
3.Approval of the advisory vote on named executive officer compensation:
For
Against
Abstain
Broker
Non Votes
7,108,069
218,979
3,677
3,316,185
4.Advisory vote on the frequency of future advisory votes to approve named executive officer compensation:
1
Year
2 Years
3 Years
Abstain
Broker Non Votes
7,179,516
1,108
147,565
2,536
3,316,185
5.Ratification
of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2023:
For
Against
Abstain
Broker Non Votes
10,641,874
2,638
2,398
—
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.
