UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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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:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
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. ☐
Item 5.07 | Submission of Matters to a Vote of Security Holders |
The 2023 annual meeting of stockholders of America’s Car-Mart, Inc. (the “Company”) was held on August 29, 2023. The record date for such meeting was July 6, 2023 on which date there were a total of 6,561,737 shares of common stock outstanding and entitled to vote. The following matters were voted upon by the Company’s stockholders at the annual meeting. The numbers of votes cast for, against or withheld as well as the number of abstentions and broker non-votes, for each of these matters are set forth below.
1. To elect directors for a term of one year: | ||||||||
Votes For | Votes Against |
Votes Abstained |
Broker Non-Votes | |||||
Ann G. Bordelon | 4,721,450 | 17,578 | 2,975 | 1,123,405 | ||||
Julia K. Davis | 4,721,366 | 17,662 | 2,975 | 1,123,405 | ||||
Daniel J. Englander | 4,654,815 | 83,442 | 3,746 | 1,123,405 | ||||
William H. Henderson | 4,718,627 | 19,123 | 4,253 | 1,123,405 | ||||
Dawn C. Morris | 4,709,139 | 29,896 | 2,968 | 1,123,405 | ||||
Joshua G. Welch | 4,714,525 | 23,732 | 3,746 | 1,123,405 | ||||
Jeffrey A. Williams | 4,719,280 | 18,977 | 3,746 | 1,123,405 |
2. To approve an advisory resolution regarding the Company's compensation of its named executive officers.
Votes For | 4,646,118 | |||||||
Votes Against | 65,399 | |||||||
Votes Abstained | 30,486 | |||||||
Broker Non-Votes | 1,123,405 |
3. To approve an advisory resolution to determine the frequency with which the stockholders will consider and approve an advisory vote on the Company's compensation of its named executive officers.
Every Year | 4,576,669 | |||||||
Two Years | 632 | |||||||
Three Years | 136,609 | |||||||
Votes Abstained | 28,093 | |||||||
Broker Non-Votes | 1,123,405 |
4. To ratify the selection of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending April 30, 2024.
Votes For | 5,809,115 | |||||||
Votes Against | 28,157 | |||||||
Votes Abstained | 28,136 | |||||||
Broker Non-Votes | 0 |
No additional business or other matters came before the meeting or any adjournment thereof.
After consideration of the stockholder vote regarding the frequency of stockholder advisory votes on executive officer compensation, our Board of Directors has determined that the Company shall hold future stockholder advisory votes on named executive officer compensation every year until the next vote on frequency, which will be no later than the Company’s annual meeting of stockholders in 2029.
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.
America’s Car-Mart, Inc. | ||
Date: September 1, 2023 | /s/ Vickie D. Judy | |
Vickie D. Judy | ||
Chief Financial Officer | ||
(Principal Financial Officer) |
Cover |
Aug. 29, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Aug. 29, 2023 |
Entity File Number | 0-14939 |
Entity Registrant Name | AMERICA’S CAR-MART, INC. |
Entity Central Index Key | 0000799850 |
Entity Tax Identification Number | 63-0851141 |
Entity Incorporation, State or Country Code | TX |
Entity Address, Address Line One | 1805 North 2nd |
Entity Address, Address Line Two | Street |
Entity Address, Address Line Three | Suite 401 |
Entity Address, City or Town | Rogers |
Entity Address, State or Province | AR |
Entity Address, Postal Zip Code | 72756 |
City Area Code | (479) |
Local Phone Number | 464-9944 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.01 per share |
Trading Symbol | CRMT |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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