On July 22, 2016, the Board of Directors of Americas Car-Mart Inc. (the Company) approved and adopted an updated and expanded Code of Business Conduct and Ethics (the Code), which applies to all directors, officers and employees of the Company. The Code supersedes the existing Code of Business Conduct and Ethics adopted by the Board of Directors in 2004.
The existing code was refreshed and updated to (i) improve its clarity and readability, (ii) enhance Company personnels understanding of the Companys standards of ethical business conduct and (iii) promote awareness of ethical issues that may be encountered in carrying out an employees or directors responsibilities. In addition, the Code expands the existing code to include additional provisions relating to areas such as discrimination, compliance with consumer finance laws and regulations, anti-money laundering, harrassment, workplace safety and violence prevention, theft or fraud, use of electronic media, procurement, anti-bribery and anti-corruption, gifts and entertainment, internal controls, records management, insider trading, political activities, charitable contributions and environmental stewardship.
The updated Code is filed as Exhibit 14.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 8.01. Other Events.
On July 22, 2016, the Board of Directors of the Company reauthorized the repurchase of up to 1 million shares of Companys common stock under its common stock repurchase program which was last amended and approved in November 2014.
Item 9.01. Financial Statements and Exhibits.
Exhibit 14.1 Code of Business Conduct and Ethics.
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.
Americas Car-Mart, Inc.
Date: July 22, 2016
/s/ Jeffrey A. Williams
Jeffrey A. Williams
President and Chief Financial Officer
(Principal Financial Officer)
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