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NYSE: KMX CARMAX INC 8-K

CarMax controller Jill Livesay to retire July 31; CFO Mayor-Mora assumes accounting role

Filed June 8, 2026 · Period ending June 3, 2026 · ~1 min read

3 key changes

Key Changes

  • medium

    Jill Livesay, VP Controller and Principal Accounting Officer, retiring July 31, 2026. Company states retirement not due to any disagreement on operations, policies, accounting, or internal controls.

    Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
  • medium

    CFO Enrique Mayor-Mora appointed principal accounting officer effective upon Livesay's retirement, consolidating financial leadership with no compensation change.

    Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
  • low

    Mayor-Mora has 15 years at CarMax, progressing from VP Finance (2011) through VP Treasurer (2016) to CFO roles (2019, 2022), providing continuity in financial leadership.

    Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →

Summary

CarMax disclosed a planned leadership transition in its accounting function. Jill Livesay, the company's Vice President, Controller and Principal Accounting Officer, will retire effective July 31, 2026.

The filing explicitly states her departure is not the result of any disagreement with the company on operations, policies, practices, accounting principles, financial statements, or internal controls—standard language that addresses potential investor concerns about the circumstances of a senior financial officer's exit.

The company is handling the transition internally by appointing Enrique Mayor-Mora, its current Executive Vice President and CFO, to also serve as principal accounting officer. Mayor-Mora brings substantial institutional knowledge, having spent 15 years at CarMax and progressed through multiple financial leadership roles. This consolidation of the CFO and principal accounting officer functions under one executive is not unusual for public companies and requires no compensation adjustment. The transition represents routine succession planning with continuity in financial oversight.

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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 25, 2026 · How we verify