CACC

• Credit Acceptance Corporation entered into a $600.0 million asset-backed non-recourse secured financing on August 20, 2026.
• The financing issued three classes of notes: Class A ($319.88M, 5.01%), Class B ($117.3M, 5.29%), and Class C ($162.82M, 5.51%).
• The financing has an expected average annualized cost of about 5.5%, revolves for 24 months, and will be used to repay higher-cost debt and for general corporate purposes.
• Following the financing, Credit Acceptance maintained approximately $1.8 billion in unused borrowing capacity and unrestricted cash.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• GAAP net income for Q2 2026 was $135.9 million, or $12.66 per diluted share, up from $87.4 million, or $7.42 per diluted share, in Q2 2025.
• Consumer Loan assignment unit volume declined 1.0% to 84,615, while dollar volume grew 0.1% to $1.0 billion year-over-year.
• Forecasted net cash flows from the loan portfolio declined by $39.1 million, or 0.3%, in Q2 2026.
• The company repurchased 262,963 shares (2.5% of shares outstanding) at a cost of $141.4 million during the quarter.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Ravi Mohan, Chief Technology Officer, will resign effective August 14, 2026, and separate from the company on October 25, 2026.
• Mohan is expected to enter a separation and advisory agreement, subject to a general release of claims.
• He will retain vesting opportunity for restricted stock units and stock options scheduled to vest on October 24, 2026.
• He will receive a monthly consulting fee of $64,375 for advisory services from August 14, 2026 to February 14, 2027.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Kenneth S. Booth resigned from the board of directors of Credit Acceptance Corporation on July 21, 2026.
• The board reduced its size from six to five directors in connection with Booth's departure.
• The company thanked Booth for his long-time service and commitment.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• The amendment extends the revolving secured line of credit facility's termination date from June 22, 2028 to June 22, 2029.
• The interest rate on borrowings was reduced 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.
• No other material changes were made to the facility's terms.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• At the June 10, 2026 Annual Meeting, shareholders elected six directors to serve until the 2027 annual meeting.
• The advisory vote on named executive officer compensation passed with 5,229,825 votes for, 1,056,747 against, and 1,908 abstentions.
• Shareholders ratified Grant Thornton LLP as independent auditor for 2026 with 7,927,281 votes for, 330,863 against, and 191 abstentions.
• The report was filed under Item 5.07 to disclose the results of these shareholder votes.

5.07 Submission of Matters to a Vote of Security Holders

• Jay D. Martin, CFO and principal financial/accounting officer, will retire effective July 27, 2026, after 23 years with the company.
• Joseph Billante, age 50, was elected CFO effective July 27, 2026, and will become principal financial and accounting officer.
• Billante's compensation includes a $750,000 base salary, a $300,000 cash signing bonus, and 26,223 RSUs vesting over 10 years.
• Billante previously served as CFO of Barracuda Networks and held senior finance roles at eBay and General Electric.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• On May 5, 2026, Credit Acceptance Corporation entered into a $450.0 million asset-backed non-recourse secured financing.
• The notes include Class A ($248.75M, 4.65%), Class B ($91.32M, 4.96%), and Class C ($109.93M, 5.28%), with average lives of 2.50, 3.20, and 3.62 years, respectively.
• The financing has an expected average annualized cost of approximately 5.2%, revolves for 24 months, and will be used to repay higher-cost debt and for general corporate purposes.
• The financing is non-recourse to the company except for limited repurchase or indemnification obligations, and the company will receive a 4.0% servicing fee.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits