America's Car-Mart (CRMT) wins short lender forbearance extension amid defaults

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

America's Car-Mart, Inc. entered into an additional short-term arrangement with its lenders, extending their agreement not to exercise remedies for actual or anticipated defaults under its Credit and Guaranty Agreement to June 19, 2026. The company describes discussions with the agent and lenders as active and constructive and believes they are close to an interim amendment to the credit agreement to address these default-related concerns. However, it cautions there is no assurance that negotiations will result in a definitive amendment and highlights typical risks and uncertainties through forward-looking statement disclosures.

Positive

None.

Negative

Short-term lender forbearance tied to defaults – The company remains under a Lender Forbearance related to actual or anticipated defaults under its Credit and Guaranty Agreement, now extended only through June 19, 2026, highlighting ongoing credit and covenant stress.

Insights

Short-term forbearance extension underscores ongoing credit stress.

America's Car-Mart secured a one-week extension of lender forbearance to June 19, 2026 under its Credit and Guaranty Agreement dated October 30, 2025. The forbearance covers actual or anticipated defaults, signaling meaningful pressure under existing loan terms.

The company notes discussions with the agent and lenders are active, constructive, and productive, and believes it is nearing an interim amendment to resolve default-related issues. However, it explicitly warns there is no assurance a definitive amendment will be reached, emphasizing uncertainty around its financing terms.

This situation centers on negotiations with lenders rather than operating performance. Future filings detailing any executed amendment to the Credit Agreement and its covenants, maturity profile, and pricing will be key to understanding how the company’s capital structure evolves after June 19, 2026.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Key Figures

Credit Agreement date: October 30, 2025 Prior forbearance end date: June 12, 2026 Extended forbearance end date: June 19, 2026

3 metrics

Credit Agreement date October 30, 2025 Date of Credit and Guaranty Agreement

Prior forbearance end date June 12, 2026 Previous end of Lender Forbearance period

Extended forbearance end date June 19, 2026 New end of Lender Forbearance period

Key Terms

Material Definitive Agreement, Credit and Guaranty Agreement, Lender Forbearance, forward-looking statements

4 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

Credit and Guaranty Agreement financial

"under the Company’s Credit and Guaranty Agreement, dated as of October 30, 2025"

A credit and guaranty agreement is a contract that sets out the terms of a loan or credit line and names one or more parties who promise to back the borrower’s obligations, like a co-signer on a car loan. It spells out repayment rules, interest, collateral, and remedies if payments stop, so investors use it to judge how risky a company’s debt is and who would be on the hook if the borrower defaults.

Lender Forbearance financial

"agreed not to exercise remedies under the Credit Agreement ... (the “Lender Forbearance”)"

forward-looking statements regulatory

"includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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Understanding 8-K Material Events →

06/12/2026 - 05:00 PM

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

Date of Report (Date of earliest event reported): June 12, 2026

America's Car-Mart, Inc.

(Exact name of registrant as specified in its charter)

Texas	0-14939	63-0844612
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

1805 North 2nd Street, Suite 401, Rogers, Arkansas 72756

(Address of principal executive offices) (Zip Code)

(479) 464-9944

(Registrant's telephone number, including area code)

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:

☐ 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	CRMT	NASDAQ Global Select Market

Item 1.01 Entry into a Material Definitive Agreement.

As disclosed in its Current Report on Form 8-K filed on June 5, 2026, America’s Car-Mart, Inc., (the “Company”) reported that the agent (the “Agent”) and the lenders (the “Lenders”) under the Company’s Credit and Guaranty Agreement, dated as of October 30, 2025 (the “Credit Agreement”), agreed not to exercise remedies under the Credit Agreement as a result of actual or anticipated defaults or events of default under the Credit Agreement (the “Lender Forbearance”) for a specified time period, which was subsequently extended through June 12, 2026.

The Company reports that discussions with the Agent and the Lenders remain active, constructive, and productive. The Company believes the parties have made significant progress and are nearing an amendment to the Credit Agreement that will resolve, at least on an interim basis, concerns related to anticipated or actual defaults under the Credit Agreement. To allow the parties time to complete this work and finalize the amendment, on June 12, 2026, the Company requested and the Agent and Lenders agreed to extend the period covered by the Lender Forbearance through June 19, 2026.

While the Company believes that an agreement on an amendment to the Credit Agreement can be reached with the Agent and the Lenders, there can be no assurance that these discussions will result in any definitive amendment.

Forward-Looking Statements.

This Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, regarding, among other things, the negotiation and anticipated completion of an amendment to the Credit Agreement and the substance of such amendment. These forward-looking statements reflect management’s current views and beliefs and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied. Factors which could cause actual results or events to differ include, but are not limited to, the Company’s ability to successfully negotiate and execute an amendment to the Credit Agreement on terms acceptable to Company, the Agent and the Lenders and consistent with the Company’s current expectations and beliefs, general economic conditions, and other factors. Such other factors include, but are not limited to, the risks and uncertainties described in the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and in other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements contained in this Current Report on Form 8-K.

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.

	AMERICA'S CAR-MART, INC.

Date: June 12, 2026	By: /s/ Jonathan Collins
	Jonathan Collins
	Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What did America's Car-Mart (CRMT) disclose about its credit agreement in this 8-K?

America's Car-Mart disclosed that lenders under its Credit and Guaranty Agreement agreed to continue a forbearance on exercising remedies for actual or anticipated defaults, extending this protection through June 19, 2026 while negotiations on an amendment remain ongoing.

How long has the lender forbearance for America's Car-Mart (CRMT) been extended?

The lender forbearance has been extended through June 19, 2026. This short extension follows a prior period that had been extended through June 12, 2026, giving the parties more time to complete and finalize a potential amendment to the Credit Agreement.

Why is America's Car-Mart (CRMT) negotiating an amendment to its Credit and Guaranty Agreement?

America's Car-Mart is negotiating an amendment to address concerns related to actual or anticipated defaults under its Credit and Guaranty Agreement. The company believes significant progress has been made and that an interim amendment could resolve these default-related issues, at least on a temporary basis.

Does America's Car-Mart (CRMT) guarantee it will reach an amendment with its lenders?

No, the company expressly states there can be no assurance that ongoing discussions with the agent and lenders will result in any definitive amendment. This cautionary language underscores uncertainty around finalizing revised credit terms despite currently productive negotiations.

What risks does America's Car-Mart (CRMT) highlight in connection with this credit amendment process?

The company cites risks related to its ability to negotiate and execute an acceptable amendment to the Credit Agreement, as well as broader economic conditions and other factors described in its most recent Form 10-K, Form 10-Q, and other SEC filings.

Filing Exhibits & Attachments

3 documents