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AI brief of an SEC Form 8-K · CarMax (KMX)

CarMax: Chief Growth and Strategy Officer James Lyski to leave June 8, 2025

Neutral Impact 3 of 5 leadership Written later

CarMax announced that James Lyski, its Executive Vice President and Chief Growth and Strategy Officer, will leave the company effective June 8, 2025. He is eligible for severance benefits under his existing agreement, which was filed with the company's January 2024 quarterly report.

Key points

  • Departure announced May 9, 2025; effective date June 8, 2025
  • Role: Executive Vice President and Chief Growth and Strategy Officer
  • Severance eligibility under Section 7.3 of agreement amended and restated effective December 1, 2023
  • The filing does not name a successor or state the reason for the departure

The filing

CompanyCarMax (KMX)
Form8-K, current report
Filed with the SECMay 15, 2025, 4:11 PM ET
Accession number0001170010-25-000078

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 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 May 15, 2025.

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.