America’s Car-Mart (CRMT) Proxy Filing summary

Executive summary

• Annual meeting scheduled for September 25, 2025, to elect nine directors, approve executive compensation, and ratify the external auditor.

• Company is undergoing significant transformation, including leadership changes and technology upgrades to improve efficiency and profitability.

• New executives from major companies have joined, and a new loan origination system has reduced losses by 19% on comparable originations.

• Focus on optimizing customer portfolio, pricing for risk, and enhancing payment, collection, and sales processes.

• Efforts to improve capital structure include an equity offering, new financing sources, and better ABS securitization terms.

Voting matters and shareholder proposals

• Shareholders will vote on electing nine directors, an advisory resolution on executive compensation, and ratification of Grant Thornton LLP as auditor.

• Only shareholders of record as of July 31, 2025, are eligible to vote.

• Proxy materials are available online, and voting can be done via internet, phone, mail, or in person.

Board of directors and corporate governance

• Board expanded to nine members, with seven considered independent and 44% women.

• New nominee Brandi Joplin brings extensive financial and audit experience.

• Board committees include audit and compliance, compensation and human capital, finance, and nominating and governance.

• Board diversity and inclusion are emphasized, with regular engagement surveys and open-door culture.

• All directors are expected to attend annual meetings; all did so in 2024.