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Executive ChangeItem 5.02 · 8-KHIGH RiskNegative

CARMAX, INC.

A senior executive or director joined, left, or changed roles. An 8-K is the notice a US public company must file within four business days of a major event.

carmax.com
Filed: Nov 4, 2025Richmond, VirginiaCIK: 0001170010Other
Full company profileView on SEC.gov

2 executive changes at CARMAX INC in the last 90 days. Clusters like this usually mean more senior seats open over the next few months.

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AI Executive Summary

AI-powered analysis of 8-K filing content

CarMax terminated President and CEO William D. Nash effective December 1, 2025, under his severance agreement, and director David W. McCreight will serve as Interim President and CEO while the Board searches for a permanent successor. The abrupt leadership change comes ahead of the company's third-quarter results on December 18, 2025.

Key Takeaways

The Board terminated CEO William D. Nash's employment effective December 1, 2025, under Section 7.5 of his Amended and Restated Severance Agreement, and he resigned from the Board on the same date.

Director David W. McCreight becomes Interim President and CEO effective December 1, 2025, at an annual base salary of $1,200,000 plus RSUs with a grant date fair value of $3,600,000 that vest on the f

3 more takeaways

Related Filings (4)

4 more filings from CARMAX, INC. in the last 90 days

Filing Overview

Form Type8-K
Filing DateNov 4, 2025
Item5.02
CategoryExecutive Change
CIK0001170010
Accession #kmx-20251104
Risk LevelHIGH
SentimentNegative
Signalrisk
Topics
executive departureleadership transitionboard change

What This Means

A senior executive (CEO, CFO, etc.) has joined, departed, or changed roles. Leadership changes can significantly impact strategy.
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CARMAX, INC. filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.

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