Form 8-K
8-K — AMERICAS CARMART INC
Accession: 0001171843-26-005989
Filed: 2026-09-11
Period: 2026-09-10
CIK: 0000799850
SIC: 5500 (RETAIL-AUTO DEALERS & GASOLINE STATIONS)
Item: Entry into a Material Definitive Agreement
Item: Other Events
Documents
8-K — f8k_091026.htm (Primary)
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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): September 10, 2026
America's Car-Mart, Inc.
(Exact name of registrant as specified in its charter)
Texas
0-14939
63-0851141
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)
1805 North 2nd Street, Suite 401, Rogers, Arkansas
72756
(Address of principal executive offices)
(Zip Code)
(479) 464-9944
(Registrant's telephone number, including area code)
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 communications 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule
405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use
the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a)
of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, par value $0.01 per share
CRMT
NASDAQ Global Select Market
Item 1.01 Entry into a Material Definitive Agreement.
As disclosed in its Current Reports on Form 8-K filed on June 25, 2026 (the “June 25th
Current Report”) and September 4, 2026 (together with the June 25th Current Report, the “Prior Current Reports”), America's
Car-Mart, Inc. (the "Company") entered into the First Amendment and Limited Waiver to Credit and Guaranty Agreement (the "Amendment")
with Silver Point Finance, LLC, as Administrative Agent and Collateral Agent (the "Agent"), and the lenders party thereto (collectively,
the "Lenders"), amending and providing certain limited waivers under the Credit and Guaranty Agreement dated as of October 30,
2025 (the "Credit Agreement").
Pursuant to the Amendment, the Lenders agreed to waive, for the period from the effective date
of the Amendment to September 7, 2026 (the "Scheduled Termination Date"), certain anticipated or existing events of default
under the Credit Agreement. As previously disclosed, on September 4, 2026, the Agent and Lenders agreed to extend the Scheduled Termination
Date through September 11, 2026 (the "Initial Extension"). On September 10, 2026, the Agent and Lenders agreed to further extend
the Scheduled Termination Date through September 18, 2026 (the "Second Extension" and, together with the Initial Extension,
the “Extensions”).
Item 8.01 Other Events.
As previously disclosed, the Company is also engaged in an evaluation of strategic alternatives,
overseen by a special committee of the Company’s board of directors and which may include potential financing, recapitalization,
restructuring, mergers and acquisitions, and other transactions. The Company believes it has made significant progress towards a transaction
and that discussions remain active with third-parties, the Agent, and the Lenders.
As described in the Prior Current Reports, 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. Pursuant to the Amendment, the Lenders have agreed to waive such defaults for the Specified Period (as defined
in the Amendment) on the terms described in the June 25th Current Report, as extended by the Extensions. There can be no assurance that
the Company will satisfy the conditions to a permanent waiver of such defaults, that the Company’s review of strategic and financing
alternatives will result in any transaction or other outcome favorable to the Company or its stockholders or that the Company will be
able to achieve a sustainable capital structure.
Forward-Looking Statements.
This Current Report on Form 8-K contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report that do not relate to
matters of historical fact should be considered forward-looking statements. Words such as “expects,” “believes,”
“will,” “would,” “plans,” “intends,” “continue,” “remain,” and
other similar words and expressions are intended to signify forward-looking statements. These forward-looking statements include, without
limitation, statements regarding the Amendment and the covenant relief and waivers provided thereunder, the duration of the waiver and
relief period and the Company’s ability to extend that period, the Company’s review of strategic and financing alternatives
and the potential outcomes thereof, the Company’s liquidity and efforts to preserve it, and the Company’s expectations regarding
its future business and operations.
Actual results and the timing of such results could materially differ from those anticipated
in such forward-looking statements as a result of certain risks and uncertainties, including: the Company’s ability to satisfy the
milestones and conditions set forth in the Amendment within the required timeframes; the Company’s ability to extend the waiver
and relief period to November 2026 or otherwise obtain additional covenant relief, waivers, forbearance, or financing from its lenders
on acceptable terms or at all; the risk that the Company’s review of strategic alternatives does not result in any transaction or
other outcome, or that any such transaction or outcome is on terms that are unfavorable to the Company or its stakeholders, or is not
completed in a timely manner; the Company’s substantial level of indebtedness and its ability to service that indebtedness; the
Company’s liquidity position and ability to fund its operations and obligations as they come due; the potential need to seek protection
under applicable bankruptcy or insolvency laws; the possibility that holders of the Company’s common stock could experience a significant
or complete loss of their investment, including as a result of any restructuring, recapitalization, or dilution; the Company’s ability
to continue to meet the continued listing requirements of the Nasdaq Stock Market; the effect of the foregoing on the Company’s
relationships with customers, employees, suppliers, lenders, and other stakeholders; the costs, timing, and uncertainties associated with
the strategic review process and related advisory engagements; and the diversion of management’s attention from ordinary-course
business operations.
Additional risks include, without limitation: general economic conditions in the markets in
which the Company operates, including but not limited to fluctuations in gas prices, grocery prices, and employment levels and inflationary
pressure on operating costs and customers’ ability to make payments; the availability of quality used vehicles at prices that will
be affordable to the Company’s customers, including the impacts of changes in new vehicle production and sales; the availability
of credit facilities and access to capital through securitization financings or other sources on terms acceptable to the Company, and
any increase in the cost of capital, to support the Company’s business; the Company’s ability to underwrite and collect its
contracts effectively; competition; dependence on existing management; the ability to attract, develop, and retain qualified general managers;
changes in consumer finance laws or regulations; future shutdowns of the federal government or changes to federal or state government
assistance programs impacting the Company’s customers; the ability to keep pace with technological advances and changes in consumer
behavior affecting the Company’s business; security breaches, cyber-attacks, or fraudulent activity; the occurrence and impact of
any adverse weather events or other natural disasters affecting the Company’s dealerships or customers; and additional risks described
in more detail in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2026 and other documents on file
with the SEC, each of which can be found on the SEC’s website, www.sec.gov, or the investor relations section of the Company’s
website. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information,
future events, or otherwise. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of
the dates on which they are made.
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.
AMERICA'S CAR-MART, INC.
Date: September 11, 2026
By: /s/ Marie Persichetti
Marie Persichetti
Chief Financial Officer
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