CarMax Inc.
06/08/2026 | Press release | Distributed by Public on 06/08/2026 14:13
Management Change/Compensation (Form 8-K)
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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On June 3, 2026, Jill Livesay, the Vice President, Controller and Principal Accounting Officer of CarMax, Inc. (the "Company"), notified the Company of her plan to retire from the Company effective as of the close of business on July 31, 2026. Ms. Livesay's decision to retire is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices, including any matter relating to the Company's accounting principles, financial statements, or internal controls.
In connection with Ms. Livesay's notice of retirement, the Company appointed Enrique N. Mayor-Mora, currently serving as the Company's Executive Vice President and Chief Financial Officer, as the Company's principal accounting officer ("PAO"), effective upon Ms. Livesay's retirement.
Mr. Mayor-Mora, age 57, has been with the Company for 15 years. Mr. Mayor-Mora joined the Company in 2011 as Vice President, Finance before assuming the role of Vice President and Treasurer in 2016. Mr. Mayor-Mora was promoted to Senior Vice President and Chief Financial Officer in 2019, and in 2022, he was promoted to Executive Vice President and Chief Financial Officer. Prior to joining the Company, he served as Vice President of Financial Planning and Analysis and Investor Relations at Denny's Corporation from 2005 to 2011. He also served in financial positions of increasing responsibility at Gap, Inc. from 2001 to 2005.
Mr. Mayor-Mora will not receive any adjustment to his compensation or any additional compensation in connection with performing the functions of the Company's PAO.
There are no arrangements or understandings between Mr. Mayor-Mora and any other persons pursuant to which he was selected as an officer or as the PAO of the Company, he has no family relationships with any of the Company's directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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