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AI brief of an SEC Form 8-K · Credit Acceptance (CACC)

Credit Acceptance names Joe Billante CFO, succeeding Jay Martin, effective July 27, 2026

Neutral Impact 4 of 5 leadership Written later

Credit Acceptance said CFO Jay Martin will retire effective July 27, 2026, and its board appointed Joe Billante, formerly CFO of Barracuda Networks, to succeed him on that date. Martin will remain as an employee advisor until August 31, 2026, and will take part in the Q2 earnings call. The change affects who leads the company's finance function and reporting, though the filing reports no change to financial results.

Key points

  • Jay Martin informed the company on June 5, 2026 that he will retire effective July 27, 2026, and serve as an employee advisor through August 31, 2026.
  • The board appointed Joseph Billante as CFO on June 8, 2026, effective July 27, 2026.
  • Billante's compensation includes a $750,000 annual base salary, a $300,000 one-time cash signing bonus, and a one-time grant of 26,223 restricted stock units.

The filing

CompanyCredit Acceptance (CACC)
Form8-K, current report
Filed with the SECJun 10, 2026, 4:40 PM ET
Accession number0000885550-26-000130

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 10, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.