Summary
Copart, Inc. (CPRT) filed a Form 8-K on November 7, 2006, reporting a change in its board of directors. Jonathan Vannini, a long-standing director since 1993, informed the company of his intention to retire from the board following the upcoming annual shareholder meeting. This departure marks the end of Mr. Vannini's significant tenure with the company. The annual shareholder meeting is scheduled for December 18, 2006, at which point Mr. Vannini will officially step down. The company expressed gratitude for his extensive service and contributions during his time as a director. This filing is primarily informational, noting a non-executive director's planned retirement and its timing.
Key Highlights
- 1Director Jonathan Vannini plans to retire from Copart's board of directors.
- 2Mr. Vannini has served as a director since 1993, indicating a long tenure.
- 3His retirement is effective after the company's annual shareholder meeting.
- 4The annual shareholder meeting is scheduled for December 18, 2006.
- 5The company thanked Mr. Vannini for his long and valuable service.
- 6This filing (Item 5.02) pertains to a director's departure and not an executive officer or financial results.
Frequently Asked Questions
The main event reported is the planned retirement of Jonathan Vannini, a member of Copart, Inc.'s board of directors, following the company's annual shareholder meeting in December 2006.
Mr. Vannini's retirement will be effective after the Copart, Inc. annual shareholder meeting for its fiscal year ended July 31, 2006, which is scheduled for December 18, 2006.
No, this 8-K filing specifically addresses the departure of a director and does not report on any changes in executive officers or financial performance. Copart's Senior Vice President of Finance and CFO, William E. Franklin, signed the report.
Jonathan Vannini has been a director of Copart, Inc. since 1993.