{"filing":{"accession_number":"0001171843-26-004311","cik":"0000799850","ticker":"CRMT","company_name":"AMERICAS CARMART INC","form":"8-K","filing_date":"2026-06-25","report_date":null,"primary_document":"f8k_062226.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184326004311/f8k_062226.htm"},"events":[{"id":14023,"run_id":12470,"accession_number":"0001171843-26-004311","anchor_item_number":"1.01","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.9,"summary":"Americas CarMart has experienced or anticipates experiencing events of default under its Credit Agreement, including failure or expected failure to comply with financial covenants (minimum liquidity, Collateral Coverage Ratio) and reporting obligations. The company entered into a First Amendment and Limited Waiver with lenders, paying $18 million in fees to secure a waiver of these defaults for a specified period, though uncertainty remains about achieving a sustainable capital structure.","company_name":"AMERICAS CARMART INC","ticker":"CRMT","filing_date":"2026-06-25","form":"8-K","submitted_at":null,"items":[{"id":11334,"accession_number":"0001171843-26-004311","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses a First Amendment and Limited Waiver to the Credit Agreement in which lenders waive anticipated or existing defaults on multiple financial covenants, including minimum liquidity (Section 6.15(a)), Collateral Coverage Ratio (Section 6.15(b)), and reporting requirements. The Company has failed or is expected to fail these covenants and has agreed to pay $18 million in fees to secure the waiver, signaling financial stress and a triggering event that accelerates obligations under the debt facility.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T21:21:49.765318+00:00","company_name":"","ticker":null,"filing_date":""},{"id":11336,"accession_number":"0001171843-26-004311","item_number":"8.01","item_title":"Other Events.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The disclosure explicitly states that \"the Company has experienced, or anticipates experiencing, events of default under the Credit Agreement, including the failure or expected failure to comply with certain financial covenants and reporting obligations.\" The lenders have agreed to waive these defaults for a specified period, but the company acknowledges uncertainty about satisfying conditions for permanent waiver or achieving a sustainable capital structure. This is a material covenant breach triggering financial stress and requiring lender forbearance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T21:21:49.765318+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":14024,"run_id":12470,"accession_number":"0001171843-26-004311","anchor_item_number":"5.02","event_type":"exec_appointment","event_domain":"governance","is_material":true,"confidence":0.75,"summary":"The company appointed Gilbert E. Nathan and Michael J. Wartell as independent directors and appointed Marie Persichetti as Chief Financial Officer effective August 1, 2026, replacing Jonathan Collins who resigned effective July 31, 2026. These appointments were made in accordance with the company's obligations under the Credit Agreement amendment and include detailed compensation and retention arrangements.","company_name":"AMERICAS CARMART INC","ticker":"CRMT","filing_date":"2026-06-25","form":"8-K","submitted_at":null,"items":[{"id":11335,"accession_number":"0001171843-26-004311","item_number":"5.02","item_title":null,"event_type":"exec_appointment","event_domain":"governance","is_material":true,"confidence":0.75,"reasoning":"The filing discloses multiple executive and board-level changes: (1) resignation of director Julia K. Davis; (2) appointment of Gilbert E. Nathan and Michael J. Wartell as independent directors; and (3) resignation of CFO Jonathan Collins effective July 31, 2026, with appointment of Marie Persichetti as CFO effective August 1, 2026. While the section contains both departures and appointments, the principal disclosed actions center on the appointments—particularly the CFO transition and the two new independent directors appointed \"in accordance with the Company's obligations under the Amendment,\" suggesting these appointments are material governance events. The CFO appointment is especially significant given the detailed compensation and retention arrangements disclosed.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T21:21:49.765318+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":11334,"accession_number":"0001171843-26-004311","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses a First Amendment and Limited Waiver to the Credit Agreement in which lenders waive anticipated or existing defaults on multiple financial covenants, including minimum liquidity (Section 6.15(a)), Collateral Coverage Ratio (Section 6.15(b)), and reporting requirements. The Company has failed or is expected to fail these covenants and has agreed to pay $18 million in fees to secure the waiver, signaling financial stress and a triggering event that accelerates obligations under the debt facility.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T21:21:49.765318+00:00","company_name":"AMERICAS CARMART INC","ticker":"CRMT","filing_date":"2026-06-25"},{"id":11335,"accession_number":"0001171843-26-004311","item_number":"5.02","item_title":null,"event_type":"exec_appointment","event_domain":"governance","is_material":true,"confidence":0.75,"reasoning":"The filing discloses multiple executive and board-level changes: (1) resignation of director Julia K. Davis; (2) appointment of Gilbert E. Nathan and Michael J. Wartell as independent directors; and (3) resignation of CFO Jonathan Collins effective July 31, 2026, with appointment of Marie Persichetti as CFO effective August 1, 2026. While the section contains both departures and appointments, the principal disclosed actions center on the appointments—particularly the CFO transition and the two new independent directors appointed \"in accordance with the Company's obligations under the Amendment,\" suggesting these appointments are material governance events. The CFO appointment is especially significant given the detailed compensation and retention arrangements disclosed.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T21:21:49.765318+00:00","company_name":"AMERICAS CARMART INC","ticker":"CRMT","filing_date":"2026-06-25"},{"id":11336,"accession_number":"0001171843-26-004311","item_number":"8.01","item_title":"Other Events.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The disclosure explicitly states that \"the Company has experienced, or anticipates experiencing, events of default under the Credit Agreement, including the failure or expected failure to comply with certain financial covenants and reporting obligations.\" The lenders have agreed to waive these defaults for a specified period, but the company acknowledges uncertainty about satisfying conditions for permanent waiver or achieving a sustainable capital structure. This is a material covenant breach triggering financial stress and requiring lender forbearance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T21:21:49.765318+00:00","company_name":"AMERICAS CARMART INC","ticker":"CRMT","filing_date":"2026-06-25"}]}