America's Car-Mart, Inc. Elects Joshua G. Welch as Independent Director
January 11, 2018 at 04:37 pm
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On January 9, 2018, the Board of Directors of America's Car-Mart, Inc. elected Joshua G. Welch as a new, independent director. Mr. Welch will serve until the company's 2018 Annual Meeting of Stockholders, and until such time as his successor is duly elected and qualified, or until his earlier resignation or removal. This appointment fills the vacancy resulting from the previously announced resignation of Eddie Hight from the Board of Directors in November 2017. Mr. Welch was appointed to the compliance and nominating committees of the Board. Mr. Welch is the founder and currently the Managing Partner of Vicuna Capital I, LP.
America's Car-Mart, Inc. is an automotive retailer in the United States. The Company operates in the integrated auto sales and finance segment of the used car market. In this industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Companyâs products and services, including the actual servicing of the contracts, as well as the regulatory environment in which the Company operates, all have similar characteristics. The Companyâs operations are principally conducted through its two operating subsidiaries, Americaâs Car Mart, Inc., an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial). The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company operates approximately 156 dealerships located primarily in small cities throughout the South-Central United States.
AMERICA'S CAR-MART, INC. 
