CPRT 8-K Current Reports
COPART INC - 212 current reports
COPART INC 8-K/A Report, Executive Changes (Aug 19, 2026)
Copart Inc. (CPRT) announced executive compensation details for Jane Pocock, following her appointment as President on August 1, 2026. The Compensation Committee of the Board of Directors has approved a compensation package designed to incentivize and retain Ms. Pocock, aligning her interests with those of the company and its shareholders. This package includes a significant base salary, annual bonus potential, and equity awards in the form of restricted stock units (RSUs) and stock options, with vesting tied to both time and, for a portion of the options, a performance-based stock price hurdle. The details of Ms. Pocock's compensation are significant as they reflect the company's investment in key leadership. The restricted stock units and stock options are structured with multi-year vesting schedules, encouraging long-term commitment. Notably, a substantial portion of the stock options is contingent on the company's stock price reaching a specified premium, introducing a performance-based element that directly links executive reward to shareholder value creation.
COPART INC 8-K Report, Executive Changes (Aug 18, 2026)
Copart, Inc. (CPRT) announced a board refreshment through an 8-K filing on August 18, 2026. The company appointed David J. Berger as a new director, effective August 13, 2026, with his term extending to the 2026 annual meeting of stockholders. Mr. Berger brings significant legal expertise as a Senior Partner at Wilson Sonsini Goodrich & Rosati, P.C., which provides outside corporate counsel to Copart. While Mr. Berger's appointment is a direct result of his professional standing and not based on prior arrangements with the company or other persons, his affiliation with Copart's outside counsel means the company anticipates ongoing routine legal services from his firm. Copart has stated that fees for these services are expected to be immaterial. Mr. Berger will participate in the standard outside director compensation program and has entered into the company's standard indemnification agreement. This appointment aims to strengthen the board's governance and operational oversight.
COPART INC 8-K Report, Executive Changes (Jul 8, 2026)
Copart, Inc. (CPRT) announced a significant leadership change with the appointment of Jane Pocock as its new President, effective August 1, 2026. Ms. Pocock, currently the CEO of Copart's United Kingdom operations, brings valuable experience from her tenure since 2019 and prior leadership roles. This appointment fills a previously vacant position and signals a strategic move to strengthen the executive team. Investors should note that Ms. Pocock's selection was not based on any external arrangements and she has no disclosed familial ties or material interests in transactions requiring specific disclosure. The company also reiterated that this information, including the accompanying press release, is furnished and not deemed 'filed' under the Securities Exchange Act of 1934, which is standard for Regulation FD disclosures.
COPART INC 8-K Report, Executive Changes (Jun 29, 2026)
Copart, Inc. (CPRT) has announced a significant leadership transition, with current Executive Chairman A. Jayson Adair set to assume the role of Chief Executive Officer effective July 31, 2026. He will succeed Jeffrey Liaw, who will step down as CEO and resign from the Board of Directors. Mr. Liaw's departure is amicable and not related to any disagreements regarding the Company's financial reporting or practices. This CEO change marks a pivotal moment for Copart as it navigates its future strategic direction. In conjunction with his departure, Mr. Liaw has entered into a Transition and Separation Agreement. He will transition to a Senior Advisor role, providing customer-focused services for up to one year. The agreement includes a severance package comprising cash payments, continued equity vesting, and amendments to stock option exercise periods. Copart has also stated that Mr. Adair's appointment is effective July 31, 2026, and there are no new material changes to his biographical information. Investors should monitor the impact of this leadership change on the company's strategic initiatives and operational execution.
COPART INC 8-K Report, Financial Results (May 21, 2026)
Copart, Inc. (CPRT) has filed an 8-K report on May 21, 2026, to announce its financial results for the third quarter of fiscal year 2026, ending April 30, 2026. While the 8-K itself does not contain the detailed financial figures, it directs investors to a press release (Exhibit 99.1) which provides the comprehensive results of operations and financial condition for the period. Investors should refer to this press release for specific metrics on revenue, profitability, and other key performance indicators. The filing is informational, signaling the release of the quarterly earnings announcement. It is important to note that the information furnished under Item 2.02 is not considered 'filed' for purposes of Section 18 of the Exchange Act, meaning it does not carry the same legal implications as a formally filed registration statement or report. However, it is the primary vehicle for disseminating material financial information to the public and is crucial for understanding Copart's recent performance and outlook.
COPART INC 8-K Report, Financial Results (Feb 19, 2026)
Copart, Inc. (CPRT) has filed an 8-K report on February 19, 2026, to announce its financial results for the second quarter of fiscal year 2026, ending January 31, 2026. The report itself is brief, primarily serving to furnish a press release containing the detailed financial and operational performance for the quarter. Investors should refer to the provided Exhibit 99.1, the full press release, for comprehensive insights into the company's performance, including key metrics, profitability, and any forward-looking statements or management commentary. While the 8-K itself does not contain the specific financial figures, its purpose is to officially disseminate the quarterly results. Investors are advised to access and review the accompanying press release (Exhibit 99.1) for detailed information regarding revenue, earnings per share, operational achievements, and any significant business developments that occurred during the second quarter of fiscal year 2026. This filing is crucial for understanding Copart's recent financial health and strategic direction.
COPART INC 8-K Report, Material Agreement (Jan 26, 2026)
Copart, Inc. (CPRT) has entered into a new $1.25 billion Senior Revolving Credit Agreement, replacing its previous facility. This new agreement, maturing in January 2031, provides enhanced financial flexibility with options for extensions and significant borrowing capacity in multiple currencies. The unsecured nature of the facility, backed by guarantees from certain subsidiaries, underscores Copart's financial strength.
COPART INC 8-K Report, Shareholder Vote Results (Dec 11, 2025)
Copart, Inc. (CPRT) filed an 8-K report detailing the outcomes of its 2025 Annual Meeting of Stockholders held on December 5, 2025. The meeting saw a high turnout, with approximately 91% of outstanding shares represented, indicating strong investor engagement. Key outcomes include the election of all director nominees, the advisory approval of executive compensation, and the ratification of the independent registered public accounting firm. These results suggest continued confidence in the company's leadership and financial oversight. For investors, the overwhelming support for director elections and executive compensation provides a signal of board and management alignment with shareholder interests. The ratification of Ernst & Young LLP as the independent auditor reinforces the established financial reporting and auditing process. Overall, the filing indicates a smooth and well-supported annual meeting, with no significant shareholder dissent on the presented matters.
COPART INC 8-K Report, Financial Results (Nov 20, 2025)
Copart, Inc. (CPRT) has filed an 8-K report on November 20, 2025, to furnish its earnings press release for the first quarter of fiscal year 2026, ending October 31, 2025. This filing serves to inform investors of the company's recent financial performance, as detailed in the accompanying press release furnished as Exhibit 99.1. While the 8-K itself does not contain detailed financial figures, it directs investors to the press release for the specific results of operations and financial condition for the quarter. Investors and stakeholders should refer to Exhibit 99.1 for comprehensive information regarding Copart's Q1 FY2026 performance, including key financial metrics and management's commentary.
COPART INC 8-K Report, Financial Results (Sep 4, 2025)
Copart, Inc. (CPRT) has filed an 8-K report on September 4, 2025, to announce its financial results for the fourth quarter and full fiscal year 2025, ending July 31, 2025. The report primarily furnishes a press release detailing these results, which is provided as Exhibit 99.1. Investors should refer to this press release for specific financial performance metrics, including revenue, profitability, and any significant operational updates for the period.
COPART INC 8-K Report, Financial Results (May 22, 2025)
Copart, Inc. (CPRT) filed an 8-K on May 22, 2025, to report its financial results for the third quarter of fiscal year 2025, ending April 30, 2025. The filing itself is a notification of the press release attached as Exhibit 99.1, which contains the detailed financial performance. Investors should refer to this press release for specific figures related to revenue, profitability, and other key performance indicators for the quarter.
COPART INC 8-K Report, Financial Results (Feb 20, 2025)
Copart, Inc. (CPRT) has filed an 8-K report on February 20, 2025, to announce its financial results for the second quarter of fiscal year 2025, ending January 31, 2025. The report primarily directs investors to a press release (Exhibit 99.1) for detailed financial information. While specific figures are not detailed within the 8-K text itself, this filing serves as the official notification of the release of Q2 FY2025 earnings, which is a critical event for investors monitoring the company's performance and strategic execution. Investors should refer to the furnished press release (Exhibit 99.1) for comprehensive details on Copart's revenue, profitability, and any forward-looking guidance. The filing also includes an iXBRL-formatted Cover Page Interactive Data File for easier data extraction. This announcement is essential for understanding the company's operational momentum and financial health during the second quarter.
COPART INC 8-K Report, Shareholder Vote Results (Dec 12, 2024)
Copart, Inc. (CPRT) filed an 8-K on December 12, 2024, detailing the outcomes of its 2024 annual meeting of stockholders held on December 6, 2024. A significant majority of outstanding shares, approximately 91%, were represented at the meeting, indicating strong shareholder engagement. The primary matters voted on included the election of directors, an advisory vote on executive compensation, and the ratification of the company's independent registered public accounting firm. All director nominees were overwhelmingly elected, and the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2025 was ratified with a substantial majority of votes. Additionally, shareholders provided an advisory vote of approval for the compensation of named executive officers for the year ended July 31, 2024.
COPART INC 8-K Report, Financial Results (Nov 21, 2024)
Copart, Inc. (CPRT) has filed an 8-K report on November 21, 2024, to announce its financial results for the first quarter of fiscal year 2025, ending October 31, 2024. This filing primarily serves as a notification of the press release containing these results, which is included as an exhibit. Investors should refer to Exhibit 99.1 for the detailed financial performance and commentary from the company.
COPART INC 8-K Report, Financial Results (Sep 4, 2024)
Copart, Inc. (CPRT) has filed an 8-K report on September 4, 2024, to announce its financial results for the fourth quarter and full fiscal year 2024, ending July 31, 2024. While the specific financial details are contained within the furnished press release (Exhibit 99.1), the filing serves as the official notification of these results to the market. Investors should refer to the press release for comprehensive information on revenue, earnings, and other key performance indicators. This filing is crucial for investors seeking to understand Copart's recent performance and assess its financial health and growth trajectory. The reported results will influence investor sentiment and potential stock price movements. Key metrics to watch in the press release will likely include year-over-year growth, profitability margins, and any forward-looking guidance provided by the company.
COPART INC 8-K Report, Financial Results (May 16, 2024)
Copart, Inc. (CPRT) has filed an 8-K report on May 16, 2024, primarily to furnish its press release announcing financial results for the third quarter of fiscal year 2024, ending April 30, 2024. While the 8-K itself does not contain detailed financial figures, it directs investors to Exhibit 99.1, the accompanying press release, for the specific operational and financial performance data. Investors should refer to the press release for insights into Copart's revenue, profitability, and other key performance indicators for the third quarter. This filing is a standard procedure for disclosing earnings and material updates, allowing the market to assess the company's recent performance and future outlook. The information furnished under Item 2.02 is not considered 'filed' under SEC regulations, meaning it doesn't automatically become part of the company's registered securities filings unless specifically incorporated.
COPART INC 8-K Report, Executive Changes (Mar 12, 2024)
Copart, Inc. (CPRT) announced significant leadership changes as part of its succession planning, effective April 1, 2024. A. Jayson Adair will transition from co-CEO to Executive Chair, continuing his board service. Jeffrey Liaw will assume the role of sole Chief Executive Officer and will be appointed to the Board, expanding its size to 12 directors. Willis J. Johnson will remain as chairman of the Board but will no longer hold the executive chairman title. These changes are accompanied by an amendment to the Company's Bylaws to reflect the new board size and the addition of the Executive Chair role. Notably, in connection with these transitions and for personal security reasons, the Board ratified Jeffrey Liaw's use of the company's corporate aircraft for personal use, as outlined in the Corporate Aircraft Personal Use Policy. These leadership transitions are the primary focus of this 8-K filing, with no other impacts on existing compensation arrangements mentioned for the involved executives.
COPART INC 8-K Report, Financial Results (Feb 22, 2024)
Copart, Inc. (CPRT) has filed an 8-K report on February 22, 2024, to announce its financial results for the second quarter of fiscal year 2024, ending January 31, 2024. The key details of these results are presented in a press release furnished as an exhibit to this filing, which investors should review for a comprehensive understanding of the company's performance during the quarter. This filing itself does not contain the detailed financial metrics, but rather directs stakeholders to the accompanying press release for that information. The report's primary purpose is to make the market aware of Copart's recent financial performance. Investors are encouraged to access the press release (Exhibit 99.1) to understand the company's revenue, profitability, and any other significant financial or operational developments reported for the second quarter. This proactive disclosure is a standard regulatory requirement for material financial updates.
COPART INC 8-K Report, Shareholder Vote Results (Dec 14, 2023)
This 8-K filing from Copart Inc. (CPRT) details the outcomes of its 2023 Annual Meeting of Stockholders held on December 8, 2023. A substantial majority of shares, approximately 90%, were represented, indicating strong investor engagement. The meeting's primary focus was on voting on key corporate governance matters. All director nominees were elected with significant support, reflecting shareholder confidence in the current board leadership. Additionally, shareholders provided advisory approval for the company's executive compensation practices for the fiscal year ended July 31, 2023, and favored an annual advisory vote on executive compensation going forward. The ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2024 also received overwhelming support, underscoring shareholder trust in the company's financial oversight. The robust participation and approval across these critical agenda items suggest a positive alignment between management, the board, and the company's shareholders, reinforcing a stable governance environment.
COPART INC 8-K Report, Financial Results (Nov 16, 2023)
Copart, Inc. (CPRT) filed an 8-K on November 16, 2023, to announce its financial results for the first quarter of fiscal year 2024, ended October 31, 2023. The filing primarily serves as a notification that a press release containing these results was issued on the same date. Investors seeking detailed financial performance metrics, revenue figures, profitability, and forward-looking guidance will need to refer to the press release furnished as Exhibit 99.1 to this 8-K filing.
COPART INC 8-K Report, Financial Results (Sep 14, 2023)
Copart, Inc. (CPRT) filed an 8-K on September 14, 2023, to announce its financial results for the fourth quarter and full fiscal year 2023, ending July 31, 2023. This filing primarily furnished a press release detailing these results, which is crucial for investors to understand the company's recent performance and outlook. The provided filing itself is a notification of the press release and its content, rather than a detailed financial statement. Investors should refer to the furnished Exhibit 99.1 (the press release) for specific financial metrics, performance indicators, and any forward-looking statements made by the company regarding its operations, profitability, and strategic direction. Key areas of interest will likely be revenue growth, net income, earnings per share, and any commentary on market conditions or business strategies.
COPART INC 8-K Report, Corporate Update (Aug 4, 2023)
Copart, Inc. (CPRT) announced a significant corporate action in its August 4, 2023, 8-K filing: the approval of a two-for-one stock split by its Board of Directors. This move is typically undertaken to make the stock more accessible to a broader range of investors by lowering the per-share price, potentially increasing liquidity and trading volume. While this filing primarily pertains to the stock split announcement, investors should be aware that it does not contain new financial performance data. The company also included a standard cautionary note regarding forward-looking statements, reminding stakeholders of the inherent risks and uncertainties that could impact future results. Investors are encouraged to consult Copart's other SEC filings for a comprehensive understanding of the company's financial health and business outlook.
COPART INC 8-K Report, Material Agreement (May 26, 2023)
Copart, Inc. (CPRT) filed an 8-K on May 26, 2023, to announce the adoption and entry into an updated form of Indemnification Agreement with its directors and executive officers, effective May 23, 2023. This agreement supersedes all prior indemnification agreements and aims to align with current legal and market practices. Investors should note that this filing primarily concerns corporate governance and executive protection. The updated agreement ensures the Company will indemnify its directors and officers to the fullest extent permitted by law, covering expenses like legal fees incurred due to their roles. While this is a standard practice for public companies, it signifies the Board's commitment to ensuring leadership is protected, which can indirectly support management stability and focus on business operations.
COPART INC 8-K Report, Financial Results (May 17, 2023)
Copart, Inc. (CPRT) filed an 8-K on May 17, 2023, to report its financial results for the third quarter of fiscal year 2023, ending April 30, 2023. The key information investors would be interested in is contained within the press release furnished as Exhibit 99.1, which details the company's performance and financial condition. This report serves as the official notification of these results to the market.
COPART INC 8-K Report, Financial Results (Feb 21, 2023)
Copart, Inc. (CPRT) filed an 8-K on February 21, 2023, to report its financial results for the second quarter of fiscal year 2023, ending January 31, 2023. The report primarily furnishes a press release detailing these results, which provides investors with the company's performance during the period. The filing itself does not contain detailed financial statements but refers to an attached exhibit for this information. Investors should review the press release furnished as Exhibit 99.1 for a comprehensive understanding of Copart's Q2 FY2023 performance, including key financial metrics, operational achievements, and any forward-looking statements or management commentary. This 8-K serves as the official notification of the release of these results, signaling an important update for stakeholders tracking the company's progress.
COPART INC 8-K Report, Shareholder Vote Results (Dec 9, 2022)
Copart, Inc. (CPRT) filed an 8-K on December 9, 2022, detailing the results of its 2022 annual meeting of stockholders held on December 2, 2022. The report primarily focuses on the voting outcomes for key corporate governance matters. A significant majority of outstanding shares, approximately 92%, were represented at the meeting, indicating strong shareholder engagement. Key outcomes include the overwhelming election of all director nominees, demonstrating broad support for the company's leadership and governance structure. Additionally, shareholders provided an advisory vote approving the executive compensation for the fiscal year ended July 31, 2022, and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the upcoming fiscal year. These results suggest shareholder confidence in the company's management, strategic direction, and financial oversight.
COPART INC 8-K Report, Executive Changes (Dec 5, 2022)
Copart, Inc. (CPRT) announced a significant leadership change with the appointment of Leah C. Stearns as Senior Vice President and Chief Financial Officer, effective December 5, 2022. Ms. Stearns brings extensive financial leadership experience from her previous roles at CBRE Group and American Tower Corporation, including significant experience as a CFO and in corporate finance. This appointment signals a strategic move by Copart to bolster its financial leadership team with seasoned expertise. The company has outlined a comprehensive compensation package for Ms. Stearns, including a competitive base salary, annual bonus potential, and substantial equity awards designed to align her interests with long-term shareholder value.
COPART INC 8-K Report, Financial Results (Nov 17, 2022)
Copart, Inc. (CPRT) filed an 8-K on November 17, 2022, to report its financial results for the first quarter of fiscal year 2023, which concluded on October 31, 2022. The filing primarily directs investors to a press release (Exhibit 99.1) that details the company's performance during the period. This report confirms the release of Q1 FY2023 earnings, providing investors with the official figures for revenue, profitability, and other key financial metrics as announced by the company on November 16, 2022. Investors should refer to the press release furnished as Exhibit 99.1 for a comprehensive understanding of Copart's financial condition and results of operations for the first quarter. While this 8-K itself does not contain the detailed financial data, it serves as the official notification and mechanism for introducing the press release into the public record. The information contained within the press release is crucial for assessing the company's recent performance and its implications for future value.
COPART INC 8-K Report, Bylaw Amendment (Nov 2, 2022)
Copart, Inc. (CPRT) filed an 8-K on November 2, 2022, to report on a significant corporate action approved by its stockholders at a special meeting held on October 31, 2022. The primary purpose of this filing is to announce the approval and effectiveness of an amendment and restatement of the company's Certificate of Incorporation. This amendment substantially increases the authorized number of common stock shares from 400,000,000 to 1,600,000,000. This substantial increase in authorized shares is primarily intended to facilitate a future 2-for-1 stock split of Copart's common stock, structured as a stock dividend. The vote on this matter saw overwhelming support from stockholders, with over 198 million shares voting in favor, indicating strong shareholder confidence and alignment with the company's strategic objectives. This move is generally viewed positively as it can enhance stock liquidity and potentially make shares more accessible to a broader range of investors.
COPART INC 8-K Report, Executive Changes (Sep 27, 2022)
Copart, Inc. (CPRT) announced a key interim leadership change in its finance department via an 8-K filing on September 27, 2022. Effective September 23, 2022, the Board of Directors appointed Gavin Renfrew, the current Vice President of Global Accounting, to serve as the interim Principal Financial Officer and Principal Accounting Officer. This appointment is a temporary measure while the company actively searches for a new Chief Financial Officer.
COPART INC 8-K Report, Financial Results (Sep 7, 2022)
Copart, Inc. (CPRT) filed an 8-K on September 7, 2022, to report its financial results for the fourth quarter and full fiscal year 2022, ending July 31, 2022. The filing primarily directs investors to a press release (Exhibit 99.1) for detailed financial information. Investors should note that this information is furnished, not filed, under Item 2.02, meaning it's not subject to the same liability as filed information unless specifically incorporated into a subsequent filing. While the 8-K itself does not contain the specific financial metrics, the furnished press release is the primary source for understanding Copart's performance during the period. Investors seeking to evaluate the company's operational and financial health should meticulously review the press release for details on revenue, profitability, key performance indicators, and any forward-looking statements or management commentary provided by Copart.
COPART INC 8-K Report, Executive Changes (Jul 19, 2022)
Copart, Inc. (CPRT) has filed an 8-K report on July 19, 2022, to announce a significant change in its executive leadership. John North has formally notified the company of his intention to resign from his position as Senior Vice President and Chief Financial Officer. This resignation will be effective on August 31, 2022, providing a transition period of over a month. This change at the CFO level is a critical development for investors to monitor as it could signal shifts in financial strategy or reporting oversight. The company has released a press statement detailing this departure, which is included as an exhibit to the 8-K filing. Investors should pay close attention to the company's subsequent communications regarding the appointment of a new CFO and any potential implications for Copart's financial direction and operational management. The timing of this resignation, relative to any upcoming financial reporting or strategic announcements, will also be important for assessing its impact.
COPART INC 8-K/A Report, Financial Results (May 19, 2022)
Copart, Inc. (CPRT) filed an 8-K on May 19, 2022, to report its financial results for the third quarter of fiscal year 2022, which concluded on April 30, 2022. The filing primarily references a press release issued on May 18, 2022, which contains the detailed financial performance for the period. Investors should refer to the press release (Exhibit 99.1) for specific metrics on revenue, profitability, and other operational achievements. While the 8-K itself does not contain the detailed financial figures, it serves as the official notification that Copart has disclosed its Q3 FY2022 results. The information furnished is intended for informational purposes and is not considered 'filed' under Section 18 of the Exchange Act, meaning it doesn't automatically become part of other SEC filings unless explicitly incorporated. Investors seeking to understand Copart's performance during this quarter should access the full press release for comprehensive data.
COPART INC 8-K Report, Financial Results (May 19, 2022)
Copart, Inc. (CPRT) filed an 8-K on May 19, 2022, to furnish its press release regarding financial results for the second quarter of fiscal year 2022, ending January 31, 2022. The filing itself does not contain detailed financial figures but rather directs investors to an attached press release (Exhibit 99.1) for comprehensive information. This report is primarily a procedural filing to announce the release of their quarterly earnings. Investors seeking to understand Copart's performance during the second quarter of FY2022 should refer directly to the press release furnished as Exhibit 99.1. This exhibit would typically contain key metrics such as revenue, net income, earnings per share, and potentially commentary on operational performance, growth drivers, and future outlook. The 8-K filing serves as the official notification that these results have been made public.
COPART INC 8-K Report, Executive Changes (Mar 31, 2022)
Copart, Inc. (CPRT) filed an 8-K on March 31, 2022, announcing significant leadership changes and executive compensation adjustments. The most notable event is the appointment of Jeffrey Liaw as co-Chief Executive Officer, effective April 1, 2022, serving alongside the existing CEO, A. Jayson Adair. This move was enabled by an amendment to the company's bylaws, which now allows for the appointment of more than one CEO. Mr. Liaw's promotion reflects his extensive experience within the company, having held key roles such as President and Chief Financial Officer. In conjunction with his new role, Mr. Liaw's compensation has been substantially revised. He will receive a base salary of $900,000 and an annual target bonus of $1,100,000, contingent on performance. Furthermore, he has been granted significant equity awards, including restricted stock units and stock options, with vesting schedules tied to both time and, for a portion of the options, stock price performance. These changes signal a strategic move by Copart to bolster its leadership and incentivize key executives.
COPART INC 8-K/A Report, Financial Results (Mar 2, 2022)
Copart, Inc. (CPRT) filed an 8-K on March 2, 2022, primarily to furnish a press release announcing its financial results for the second quarter of fiscal year 2022, ending January 31, 2022. While the 8-K itself does not contain the detailed financial data, it directs investors to Exhibit 99.1, the press release, for this information. This filing is crucial for understanding the company's recent performance and any forward-looking statements or management commentary provided in the press release. Investors should review the furnished press release (Exhibit 99.1) for specific details on revenue, net income, earnings per share, and any commentary on operational performance, growth drivers, or challenges during the second quarter. The 8-K serves as the official notification of the release of this information, making the press release the primary source for substantive financial insights.
COPART INC 8-K Report, Financial Results (Feb 16, 2022)
Copart, Inc. (CPRT) filed an 8-K on February 16, 2022, to announce its financial results for the second quarter of fiscal year 2022, ending January 31, 2022. The key takeaway for investors is the release of these quarterly results, providing an update on the company's performance and financial condition. The full details of these results are contained within the press release furnished as Exhibit 99.1 to the filing, which is the primary source of information for investors seeking to understand the company's recent operational and financial trajectory. While this filing itself does not contain the detailed financial metrics, it serves as the official notification and mechanism for investors to access the Q2 FY22 earnings announcement. Investors should refer to the referenced press release (Exhibit 99.1) for specifics on revenue, profitability, operational metrics, and management's commentary on performance and outlook. This 8-K acts as a gateway to that crucial information.
COPART INC 8-K Report, Material Agreement (Dec 27, 2021)
Copart, Inc. (CPRT) has entered into a Second Amended and Restated Credit Agreement, significantly enhancing its financial flexibility. This agreement, effective December 21, 2021, increases the company's secured revolving credit facility by $200.0 million, bringing the total to $1.25 billion. The facility's maturity date has been extended to December 21, 2026, providing a longer runway for its strategic initiatives. This refinancing also incorporates foreign subsidiaries as borrowers and allows for borrowings in Pounds Sterling, Euro, and Canadian Dollars, reflecting Copart's expanding global operations. Investors should note the shift from LIBOR to SOFR-based interest rates for U.S. Dollar borrowings, a standard market transition. The increased credit capacity is earmarked for general corporate purposes, including working capital, capital expenditures, and importantly, potential share repurchases, acquisitions, or other investments related to domestic and international expansion. This move signals Copart's proactive approach to securing capital for growth and operational needs.
COPART INC 8-K Report, Shareholder Vote Results (Dec 8, 2021)
Copart Inc. (CPRT) filed an 8-K on December 8, 2021, reporting on the outcomes of its 2021 Annual Meeting of Stockholders held on December 3, 2021. The meeting saw a strong turnout, with approximately 91% of outstanding shares represented. All director nominees were overwhelmingly elected, indicating broad shareholder confidence in the current board's leadership. The advisory vote on executive compensation also received substantial approval, reflecting shareholder satisfaction with the compensation structure for the past fiscal year. Furthermore, the company's choice of Ernst & Young LLP as its independent registered public accounting firm for the upcoming fiscal year was overwhelmingly ratified by shareholders. This high level of participation and approval across all agenda items suggests a well-aligned relationship between Copart's management, its board, and its shareholders.
COPART INC 8-K Report, Financial Results (Nov 17, 2021)
Copart, Inc. (CPRT) filed an 8-K on November 17, 2021, to announce its financial results for the first quarter of fiscal year 2022, ending October 31, 2021. The filing primarily directs investors to a press release (Exhibit 99.1) containing the detailed financial performance for the period. This report serves as a notification of the earnings release, allowing investors to access the company's latest operational and financial condition updates. While the 8-K itself does not contain the quantitative results, it signifies that Copart has publicly disclosed its Q1 FY2022 performance. Investors should refer to the furnished press release for specific figures on revenue, profitability, and other key performance indicators. This information is crucial for assessing the company's ongoing growth trajectory and financial health within the automotive remarketing industry.
COPART INC 8-K Report, Executive Changes (Sep 16, 2021)
Copart, Inc. (CPRT) announced on September 16, 2021, a material change to its Board of Directors. The company expanded its board size from ten to eleven members and appointed Carl D. Sparks as a new director. Mr. Sparks, a Managing Partner at venture capital firm Interlock Partners, brings experience in transformative technology companies and will serve on the Audit Committee and the Nominating and Governance Committee. This expansion and appointment are effective as of September 10, 2021. Investors should note that Mr. Sparks' appointment is part of Copart's standard director compensation program. This includes an annual director's fee of $70,000 and an initial option grant of 25,000 shares, which vests over twelve months. The company also amended its Bylaws to reflect the increased board size. The addition of Mr. Sparks, with his venture capital background, may signal continued focus on technology and growth initiatives.
COPART INC 8-K Report, Financial Results (Sep 8, 2021)
Copart, Inc. (CPRT) filed an 8-K on September 8, 2021, to announce its financial results for the fourth quarter and full fiscal year 2021, ending July 31, 2021. While the filing itself is brief and primarily references a press release (Exhibit 99.1) for detailed financial information, investors should note that this report marks the conclusion of their fiscal year. The press release would contain the specific revenue, net income, and EPS figures, along with management's commentary on performance and outlook.
COPART INC 8-K Report, Executive Changes (May 27, 2021)
Copart, Inc. (CPRT) announced a change in its Board of Directors and an amendment to its bylaws through an 8-K filing on May 27, 2021. The company's Board size has been increased from nine to ten members, and Cherylyn Harley LeBon has been appointed as a new director, effective May 26, 2021. Ms. LeBon will serve until the next stockholder meeting and is a Partner at the law firm Dunlap, Bennett & Ludwig, focusing on corporate and government contracts. This appointment is part of standard director compensation arrangements, including an annual fee and potential equity grants. Investors should note that Ms. LeBon's appointment increases the board's capacity and brings in new legal and corporate expertise. The filing also references standard indemnification agreements and compensation disclosures previously made in the company's 2020 proxy statement and 2012 10-K.
COPART INC 8-K Report, Financial Results (May 19, 2021)
Copart, Inc. (CPRT) filed an 8-K on May 19, 2021, to report its financial results for the third quarter of fiscal year 2021, ending April 30, 2021. The filing primarily serves to furnish a press release detailing these results, which are not considered officially 'filed' under Section 18 of the Exchange Act but provide crucial information for investors to assess the company's performance during the quarter. Investors should refer to the press release (Exhibit 99.1) for specific financial metrics and operational updates. This 8-K signals the availability of new, timely financial information, allowing stakeholders to evaluate Copart's recent business activity and compare it against prior periods and market expectations. The inclusion of an iXBRL cover page indicates adherence to modern digital reporting standards.
COPART INC 8-K Report, Executive Changes (Mar 12, 2021)
Copart, Inc. (CPRT) filed an 8-K on March 12, 2021, to announce the approval of a new Executive Incentive Compensation Plan (the "Plan") by its Compensation Committee. This new plan replaces the previous Copart, Inc. Executive Bonus Plan and is designed to better align executive cash incentive compensation with the company's strategic objectives. The Plan allows the Compensation Committee to set annual performance criteria and goals, which can include individual performance metrics, to determine bonus payouts for eligible executive officers and key employees. The Committee believes this structure will establish objective performance criteria that support Copart's strategic goals and shareholder interests.
COPART INC 8-K Report, Financial Results (Feb 18, 2021)
Copart, Inc. (CPRT) filed an 8-K on February 18, 2021, to report its financial results for the second quarter of fiscal year 2021, ending January 31, 2021. This filing primarily serves to furnish a press release detailing the company's performance during the quarter. Investors should refer to the press release (Exhibit 99.1) for specific financial metrics, as the 8-K itself does not contain the detailed results but rather points to the press release for this information. The furnished information is not considered 'filed' for certain regulatory purposes, meaning it doesn't automatically become part of other SEC filings unless specifically referenced. The key takeaway for investors is that the press release attached to this 8-K provides the comprehensive second-quarter financial update for Copart. This includes crucial data on revenue, profitability, and other operational performance indicators. Interested parties are directed to review Exhibit 99.1 for a full understanding of the company's financial condition and results of operations as of and for the period ending January 31, 2021.
COPART INC 8-K Report, Shareholder Vote Results (Dec 10, 2020)
Copart, Inc. (CPRT) filed an 8-K on December 10, 2020, detailing the results of its 2020 annual meeting of stockholders held on December 4, 2020. The meeting saw a high turnout, with approximately 93% of outstanding shares represented, indicating strong shareholder engagement. Key outcomes included the overwhelming re-election of all director nominees and the approval of the company's executive compensation on an advisory basis. Furthermore, shareholders approved a material amendment to the company's Equity Incentive Plan, increasing the share reserve by 4 million shares. This suggests continued confidence in management's strategy and their alignment with shareholder interests through equity-based compensation. The appointment of Ernst & Young LLP as the independent registered public accounting firm for the upcoming fiscal year was also ratified with near-unanimous support. Overall, the results signal broad shareholder approval for the company's governance and strategic initiatives.
COPART INC 8-K Report, Financial Results (Nov 18, 2020)
Copart, Inc. (CPRT) filed an 8-K on November 18, 2020, to announce its financial results for the first quarter of fiscal year 2021, ending October 31, 2020. The key information, provided via a press release furnished as Exhibit 99.1, details the company's performance during the quarter. Investors should refer to this press release for specific financial metrics and operational updates, as the 8-K filing itself primarily serves as a notification of the release of this information. The filing indicates that the press release contains the company's financial condition and results of operations for the period. While the 8-K does not contain the detailed financial statements or operational commentary, it directs investors to the accompanying exhibit for these crucial details. This is a standard procedural filing to make material information publicly available in a timely manner.
COPART INC 8-K Report, Executive Changes (Oct 13, 2020)
Copart Inc. (CPRT) filed an 8-K on October 13, 2020, primarily detailing executive compensation adjustments and a new officer appointment. The Compensation Committee of the Board of Directors reviewed and approved compensation for fiscal year 2021. Notably, CEO A. Jayson Adair's base salary remains at a nominal $1, effectively unchanged from the prior year, while President Jeffrey Liaw's fiscal 2021 base salary is set at $650,000, with a fiscal 2020 cash bonus of $700,000. These figures reflect a continuation of prior compensation structures for these key roles.
COPART INC 8-K Report, Executive Changes (Oct 6, 2020)
Copart, Inc. (CPRT) announced a significant leadership change via an 8-K filing on October 6, 2020, appointing John North as its new Senior Vice President and Chief Financial Officer, effective October 5, 2020. This move reassigns Jeffrey Liaw to focus solely on his role as President. Mr. North brings a strong financial background, having previously served as CFO for Avis Budget Group and holding various leadership positions at Lithia Motors, a Fortune 500 company. His expertise as a CPA and CFA Charterholder is expected to be a valuable asset to Copart.