Credit Acceptance signs separation deal with former CFO Jay Martin
Credit Acceptance entered a separation agreement on September 3, 2026, with Jay D. Martin, whose tenure as Chief Financial Officer ended July 27, 2026. Under the agreement, he will serve as an unsalaried employee advisor through February 1, 2027, and the company will provide a $4,000 lump sum and three months of benefits. The filing discloses the terms of an executive departure and does not report any change in financial results.
Key points
- Jay D. Martin's tenure as Chief Financial Officer ended July 27, 2026.
- Separation agreement dated September 3, 2026; advisory term runs through February 1, 2027.
- Martin will provide about 15 hours of advisory services per month, unsalaried.
- Company will pay a $4,000 pre-tax lump sum for benefit premiums and provide three months of medical, dental, and vision benefits at no cost; his equity awards continue to vest on the existing schedule.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits 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 September 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.