SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. 1)
Filed by the registrant þ
Filed by a party other than the registrant o
Check the appropriate box:
o Preliminary proxy statement.
o Confidential, for use of the Commission only (as permitted by Rule 14a-6(e)(2)).
þ Definitive proxy statement.
o Definitive additional materials.
o Soliciting material pursuant to Rule 14a-12
CREDIT ACCEPTANCE CORPORATION
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement if Other Than the Registrant)
Payment of filing fee (check the appropriate box):
þ No fee required.
o Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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Title of each class of securities to which transaction applies: |
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Aggregate number of securities to which transaction applies: |
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act
Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was
determined): |
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Proposed maximum aggregate value of transaction: |
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Total fee paid: |
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o |
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Fee paid previously with preliminary materials. |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the form or schedule and the date of
its filing. |
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Amount Previously Paid: |
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Form, Schedule or Registration Statement No.: |
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Filing Party: |
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Date Filed: |
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Supplement to Proxy Statement
Credit Acceptance Corporation
25505 West Twelve Mile Road
Southfield, Michigan 48034-8339
The following supplements and amends the definitive proxy statement on Schedule 14A filed with
the Securities and Exchange Commission on April 10, 2009 (the 2009 Proxy Statement), by Credit
Acceptance Corporation (the Company). This supplement to the 2009 Proxy Statement is first being
made available to shareholders of the Company on April 16, 2009.
EXPLANATORY NOTE
The Company is revising certain information contained in the 2009 Proxy Statement in order to
properly reflect the number of restricted stock units granted to Brett A. Roberts, Chief Executive
Officer of the Company, under the Companys Incentive Compensation Plan prior to April 6, 2009,
appearing on page 24 of the 2009 Proxy Statement. After filing the 2009 Proxy Statement, it was
discovered that the Previously Granted Awards Table reflected only Mr. Roberts 180,000 previously
granted restricted stock units that are currently unvested rather than both his previously granted
vested and unvested restricted stock units, totalling 300,000 restricted stock units. The
Previously Granted Awards Table below has been revised to indicate the correct restricted stock
unit information for Mr. Roberts. Except for the correction of Mr. Roberts restricted stock unit
information, there are no revisions to the 2009 Proxy Statement.
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Previously Granted Awards |
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Restricted |
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Restricted |
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Stock |
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Stock Units |
Name and position |
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(#) |
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Brett A. Roberts, Chief Executive Officer |
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53,138 |
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300,000 |
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Steven M. Jones, President |
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36,431 |
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150,000 |
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Kenneth S. Booth, Chief Financial Officer |
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13,926 |
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22,500 |
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Michael P. Miotto, Chief Information Officer |
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10,487 |
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27,500 |
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All Executive Officers as a Group (8 persons) |
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128,857 |
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550,000 |
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Non-Executive Officer Employee Group |
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65,964 |
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205,000 |
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194,821 |
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755,000 |
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