Document




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):  June 7, 2017



CREDIT ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter)



Michigan
 
000-20202
 
38-1999511
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
  25505 West Twelve Mile Road
 
 
 
 
Southfield, Michigan
 
 
 
48034-8339
  (Address of principal executive offices)
 
 
 
(Zip Code)


Registrant’s telephone number, including area code:   248-353-2700



 
Not Applicable
 
Former name or former address, if changed since last report


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 5.07. Submission of Matters to a Vote of Security Holders.

On June 7, 2017, Credit Acceptance held its Annual Meeting of Shareholders at which shareholders:

1.
Elected four directors to serve until the 2018 annual meeting;
2.
Approved named executive officer compensation on an advisory basis;
3.
Indicated, on an advisory basis, that the frequency of future advisory votes to approve named executive officer compensation should occur every year; and
4.
Ratified the selection of Grant Thornton LLP as our independent registered public accounting firm for 2017.

Shareholders cast their votes on each of these four proposals as follows:

1.
Election of four directors to serve until the 2018 Annual Meeting of Shareholders:

Director Nominees
 
For
 
Withheld
 
Broker Non Votes
 
 Glenda J. Flanagan
 
15,296,236
 
55,821
 
2,697,395
 
 Brett A. Roberts
 
15,087,202
 
264,855
 
2,697,395
 
 Thomas N. Tryforos
 
15,227,097
 
124,960
 
2,697,395
 
 Scott J. Vassalluzzo
 
15,332,374
 
19,683
 
2,697,395
 

2.
Approval of the advisory vote on named executive officer compensation:

For
 
Against
 
Abstain
 
Broker Non Votes
 
15,073,684
 
264,592
 
13,781
 
2,697,395
 


3.
Advisory vote on the frequency of future advisory votes to approve named executive officer compensation:
 
1 Year
 
2 Years
 
3 Years
 
Abstain
 
Broker Non Votes
 
14,994,169

 
295

 
109,847

 
247,746

 
2,697,395

 


 
4.
Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2017:

For
 
Against
 
Abstain
 
Broker Non Votes
 
17,924,887
 
7,192
 
117,373
 
-
 











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.


 
CREDIT ACCEPTANCE CORPORATION
 
 
 
 
 
Date: June 7, 2017
By:
/s/ Kenneth S. Booth
 
 
 
Kenneth S. Booth
 
 
 
Chief Financial Officer