CarMax Issues Statement on Engagement With Starboard Value
CarMax Inc (KMX)
Last carmax inc earnings: 4/2 06:50 am
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US:NYSE Investor Relations:
investors.carmax.com/home/default.aspx
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Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX) ("CarMax" or the "Company"), today confirmed that its Board of Directors (the “Board”) received a notice from Starboard Value LP (“Starboard”), nominating two directors for election to the Company’s Board at the 2026 Annual Meeting of Shareholders and issued the following statement.“CarMax has been taking the necessary steps to ensure that this business delivers on its potential and is responsive to shareholders,” said Tom Folliard, Executive Chair of the Board. “Our engagement with Starboard to date has been productive and we remain focused on continued constructive conversations. We are pleased that Starboard agrees with our Board that Keith is the right leader to deliver on the potential of this business.”The CarMax Board has taken a series of steps to improve the performance of the business, including accelerating its succession planning in early November by installing interim leadership of David McCreight and Tom Follia
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