Credit Acceptance Corporation (CACC)

522.22 -0.04 (-0.01%) At close: 04:00PM EDT

Credit Acceptance Corporation

25505 West Twelve Mile Road
Southfield, MI 48034-8339
United States
248 353 2700
https://www.creditacceptance.com

Sector(s): Financial Services
Industry: Credit Services
Full-time employees: 2,232

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Kenneth S. Booth	CEO, President & Director	1.02M	N/A	1967
Mr. Ravi Mohan	Chief Technology Officer	95.51k	N/A	1973
Mr. Andrew Rostami	Chief Marketing & Product Officer	420.69k	N/A	1980
Ms. Wendy A. Rummler	Chief People Officer	427.31k	N/A	1977
Mr. Arthur L. Smith	Chief Analytics Officer	717.75k	N/A	1973
Mr. Jay D. Martin	Chief Financial Officer	N/A	N/A	1975
Mr. Jonathan L. Lum	Chief Operating Officer	N/A	N/A	1977
Ms. Erin J. Kerber	Chief Legal Officer, Chief Compliance Officer & Secretary	N/A	N/A	1980
Mr. Daniel A. Ulatowski	Chief Sales Officer	710.71k	N/A	1972
Nicholas J. Elliott	Chief Alignment Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company serves independent and franchised automobile dealers. Credit Acceptance Corporation was incorporated in 1972 and is headquartered in Southfield, Michigan.

Corporate governance

Credit Acceptance Corporation’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 2; Board: 4; Shareholder rights: 4; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.