CARMAX INC 8-K

What Happened

• CarMax, Inc. (filed 8-K on June 8, 2026 under Item 5.02) announced that Jill Livesay, Vice President, Controller and Principal Accounting Officer (PAO), will retire effective at the close of business on July 31, 2026. The company said her retirement is not due to any disagreement with the company on operations, policies or accounting matters.
• In connection with her retirement, CarMax appointed Enrique N. Mayor‑Mora (age 57), the company’s Executive Vice President and Chief Financial Officer, to serve as the Company’s principal accounting officer effective upon Ms. Livesay’s retirement.

Key Details

• Retirement effective date: July 31, 2026 (close of business).
• Filing date: June 8, 2026 (Form 8-K, Item 5.02).
• Enrique N. Mayor‑Mora: with CarMax 15 years (joined 2011); roles — VP Finance (2011), VP & Treasurer (2016), SVP & CFO (2019), EVP & CFO (2022).
• No change to Mr. Mayor‑Mora’s compensation for performing PAO duties; no related arrangements, family relationships, or reportable transactions under Item 404.

Why It Matters

• The company is naming an internal, senior finance executive (the CFO) as PAO, which provides continuity in accounting leadership and oversight of financial reporting and controls.
• There is no indicated dispute or compensation adjustment tied to the change, suggesting a planned, orderly transition rather than a governance or control concern.
• Investors tracking leadership, financial reporting oversight, or governance should note the effective date of the change (7/31/2026) and that the role will be filled internally by the current CFO.