Credit Acceptance Corporation announced that Chief Technology Officer Ravi Mohan's resignation will be effective August 14, 2026, with a separation and advisory agreement including a monthly consulting fee of $64,375 from August 14, 2026, to February 14, 2077. Credit Acceptance Corporation is a financial services company providing consumer and consumer-lending-related services.

On July 21, 2026, Kenneth S. Booth resigned from the board of directors of Credit Acceptance Corporation. Mr. Booth stated his resignation was not due to any disagreement with the company, its management, or the board. Consequently, the board reduced its size from six directors to five. The company operates in the financial services industry, providing indirect financing for used vehicle purchases.

Credit Acceptance Corporation entered into the Fifteenth Amendment to the Sixth Amended and Restated Credit Agreement on June 9, 2026, extending the revolving secured line of credit facility's expiration-to-revolve date from June 22, 2028, to June 22, 2029. The amendment also decreased the margin-to-SOFR interest rate from SOFR plus 197.5 basis points to SOFR plus 175.0 basis points. As of June 9, 2026, the company had $270.5 million outstanding under the facility. Credit Acceptance Corporation is a provider of indirect auto finance for indirect auto lenders.

Credit Acceptance Corporation announced that Chief Financial Officer Jay D. Martin will retire on July 27, 2026, transitioning to a consulting role through August 31, 2026. The Board appointed Joseph Billante to succeed Martin as CFO, effective July 27, 2026. Billante, formerly of Barracuda Networks and eBay, will receive an annual base salary of $750,000, a $300,000 signing bonus, and a grant of 26,223 Restricted Stock Units vesting over ten years. Credit Acceptance Corporation is a financial services company providing consumer financing solutions.