COPART, INC. (NASDAQ:CPRT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
COPART, INC. (NASDAQ:CPRT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Resignation of Vikrant Bhatia as Executive Vice President, Strategic Initiatives.
On December 13, 2016, Vikrant Bhatia notified Copart, Inc. (the “Company”) of his intention to resign as Executive Vice President, Strategic Initiatives, effective on January 2, 2017. Following execution of a separation agreement, Mr. Bhatia will receive a payment from the Company in the amount of $175,000 and the Company will accelerate the vesting of the portion of Mr. Bhatia’s unvested option awards that were scheduled to vest through December 31, 2017.
About COPART, INC. (NASDAQ:CPRT)
Copart, Inc. (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International. The Company provides vehicle sellers with a range of services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). The Company’s service offerings include Online Seller Access, Salvage Estimation Services, Estimating Services, End-Of-Life Vehicle Processing, Virtual Insured Exchange (VIX), Transportation Services, Vehicle Inspection Stations, On-Demand Reporting, Department of Motor Vehicle (DMV) Processing, Flexible Vehicle Processing Programs, Buy It Now, Member Network, Sales Process, Copart Dealer Services, CashForCars.com and U-Pull-It. COPART, INC. (NASDAQ:CPRT) Recent Trading Information
COPART, INC. (NASDAQ:CPRT) closed its last trading session up +0.05 at 55.90 with 494,541 shares trading hands.
Copart, Inc. (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International. The Company provides vehicle sellers with a range of services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). The Company’s service offerings include Online Seller Access, Salvage Estimation Services, Estimating Services, End-Of-Life Vehicle Processing, Virtual Insured Exchange (VIX), Transportation Services, Vehicle Inspection Stations, On-Demand Reporting, Department of Motor Vehicle (DMV) Processing, Flexible Vehicle Processing Programs, Buy It Now, Member Network, Sales Process, Copart Dealer Services, CashForCars.com and U-Pull-It. COPART, INC. (NASDAQ:CPRT) Recent Trading Information
COPART, INC. (NASDAQ:CPRT) closed its last trading session up +0.05 at 55.90 with 494,541 shares trading hands.