cacc_0519118k.htm
 
 
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):  May 19, 2011



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
      
48034-8339
Southfield, Michigan
        
  (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.

Credit Acceptance Corporation (“we,” “us” or “our”) held its Annual Meeting of Shareholders on May 19, 2011, at which shareholders:

1.  
Elected five directors to serve until the 2012 annual meeting;
2.  
Approved our executive compensation on an advisory basis;
3.  
Indicated, on an advisory basis, that future advisory votes on our executive compensation should occur every year; and
4.  
Ratified the selection of Grant Thornton LLP as our independent registered public accounting firm for 2011.

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

1.  
 Election of five directors to serve until the 2012 Annual Meeting of Shareholders:

Director Nominees
  
For
    
Withheld
    
Broker Non Votes
  
 Donald A. Foss
    
23,339,952
      
254,427
      
1,312,900
  
 Glenda J. Flanagan
    
23,523,113
      
71,266
      
1,312,900
  
 Brett A. Roberts
    
23,475,523
      
118,856
      
1,312,900
  
 Thomas N. Tryforos
    
23,358,426
      
235,953
      
1,312,900
  
 Scott J. Vassalluzzo
    
23,522,927
      
71,452
      
1,312,900
  

2.  
 Advisory vote on our executive compensation:

For
    
Against
    
Abstain
    
Broker Non Votes
  
 
23,554,574
      
37,155
      
2,650
      
1,312,900
  

3.  
Advisory vote on the frequency of future advisory votes on our executive compensation:

1 Year
    
2 Years
    
3 Years
    
Abstain
    
Broker Non Votes
  
 
23,247,296
      
23,512
      
320,708
      
2,863
      
1,312,900
  

In accordance with the Board of Directors’ recommendation and the voting results on this advisory proposal, the Board of Directors has determined that we will hold an advisory vote on our executive compensation annually (until the next advisory vote on the frequency of future advisory votes on our executive compensation, which will occur no later than our annual meeting of shareholders in 2017).

4.  
Ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm for 2011:

For
    
Against
    
Abstain
    
Broker Non Votes
  
 
24,897,255
      
2,471
      
7,553
      
-
  





 
 
 
 


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: May 19, 2011
By:
/s/ Kenneth S. Booth
  
   
Kenneth S. Booth
  
   
Chief Financial Officer