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    CarMax Inc filed SEC Form 8-K: Leadership Update, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

    1/31/25 4:16:03 PM ET
    $KMX
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary
    Get the next $KMX alert in real time by email
    kmx-20250128
    0001170010false2/2800011700102025-01-282025-01-2800011700102024-03-012025-02-28

    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

    January 28, 2025
    Date of Report (date of earliest event reported)

    CARMAX, INC.
    (Exact name of registrant as specified in its charter)
    Virginia
    1-31420
    54-1821055
    (State or other jurisdiction of incorporation)
    (Commission File Number)
    (I.R.S. Employer Identification No.)
    12800 Tuckahoe Creek Parkway
    23238
    Richmond,
    Virginia
    (Address of Principal Executive Offices)
    (Zip Code)
    (804) 747-0422
    Registrant's telephone number, including area code

    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 (see General Instruction A.2. below):

    ☐ 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))

    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)Name of each exchange on which registered
    Common StockKMXNew York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    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.
    ☐





    Item 5.02.
    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
    On January 28, 2025, Ronald E. Blaylock, a member of the board of directors (the “Board”) of CarMax, Inc. (the “Company”), informed the Company that he would not stand for reelection as a member of the Board at the Company’s 2025 annual meeting of shareholders. Mr. Blaylock’s decision not to stand for reelection to the Company’s Board was not a result of any disagreement with the Company.
    Item 5.03.Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
    On January 28, 2025, the Board amended and restated the Company’s Bylaws (the “Amended Bylaws”), effective immediately, to enable shareholders of record who own at least 20% of the Company’s common stock to call a special meeting of shareholders, subject to certain notice, information and other requirements set forth in the Amended Bylaws.
    The Amended Bylaws are attached hereto as Exhibit 3.1 and are hereby incorporated by reference into this Item 5.03. The foregoing summary description of the Amended Bylaws is qualified in its entirety by reference to the full text of the Amended Bylaws.
    Item 9.01.Financial Statements and Exhibits.
    (d)Exhibits
    3.1
    CarMax, Inc. Bylaws, as Amended and Restated
    104Cover Page Interactive Data File (embedded within the Inline XBRL document)







    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.


    CARMAX, INC.
    (Registrant)
    Dated: January 31, 2025By: /s/ John M. Stuckey, III
    John M. Stuckey, III
    Senior Vice President, General Counsel
    and Corporate Secretary


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