Form 8-K Filing - Jay D. Martin Separation Agreement

Credit Acceptance Corporation has entered into a separation agreement with its former Chief Financial Officer, Jay D. Martin. Mr. Martin will continue to serve as an unsalaried employee advisor until February 1, 2027, providing approximately 15 hours of service per month. The company will provide Mr. Martin with a lump sum payment of $4,000 for benefit premiums and three months of free medical, dental, and vision benefits. He will also continue to vest in his outstanding equity awards. The agreement includes a general release of claims by Mr. Martin.