Credit Acceptance Corporation is pleased to announce the appointment of Jay D. Martin as the Chief Financial Officer, where he will also assume the crucial role of the principal financial and accounting officer. Mr. Martin’s extensive tenure with the company since 2003, coupled with his progression through diverse roles, positions him as a strategic choice to lead the financial domain.
In recognition of his elevated responsibilities, Jay D. Martin will enjoy an augmented annual salary of $525,000, underscoring the company’s commitment to acknowledging and rewarding exceptional talent within its ranks. Additionally, he will be granted 600 restricted stock units, further aligning his interests with the long-term success and growth of Credit Acceptance Corporation.
Concurrently, as part of this transition, Kenneth S. Booth will gracefully step down from his role as the principal financial officer, marking a shift in the financial leadership structure within the organization. This change reflects the company’s commitment to strategic realignment and the infusion of fresh perspectives to steer Credit Acceptance Corporation toward continued success.
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