UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 10, 2014
CREDIT ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter)
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Michigan
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000-20202
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38-1999511
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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25505 West Twelve Mile Road
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48034-8339
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Southfield, Michigan
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: 248-353-2700
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Not Applicable
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Former name or former address, if changed since last report
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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:
[ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 10, 2014, Credit Acceptance Corporation (the “Company”, "Credit Acceptance", "we", "our", or "us") accepted the resignation of John P. Neary, the Company’s Chief Administrative Officer, effective May 22, 2014.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 15, 2014, Credit Acceptance held its Annual Meeting of Shareholders at which shareholders:
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1.
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Elected five directors to serve until the 2015 annual meeting;
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2.
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Approved our executive compensation on an advisory basis; and
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3.
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Ratified the selection of Grant Thornton LLP as our independent registered public accounting firm for 2014.
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Shareholders cast their votes on each of these three proposals as follows:
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1.
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Election of five directors to serve until the 2015 Annual Meeting of Shareholders:
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Director Nominees
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For
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Withheld
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Broker Non Votes
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Donald A. Foss
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14,019,908
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295,743
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3,112,507
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Glenda J. Flanagan
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14,234,129
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81,522
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3,112,507
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Brett A. Roberts
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14,137,878
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177,773
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3,112,507
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Thomas N. Tryforos
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14,026,066
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289,585
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3,112,507
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Scott J. Vassalluzzo
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14,235,847
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79,804
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3,112,507
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2.
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Approval of the advisory vote on executive compensation:
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For
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Against
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Abstain
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Broker Non Votes
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14,214,950
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59,540
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41,161
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3,112,507
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3.
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Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2014:
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For
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Against
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Abstain
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Broker Non Votes
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17,384,451
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33,974
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9,733
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-
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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.
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CREDIT ACCEPTANCE CORPORATION
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Date: May 15, 2014
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By:
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/s/ Kenneth S. Booth
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Kenneth S. Booth
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Chief Financial Officer
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