Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of
Certain Officers.
OnApril 22, 2021 ,CarMax, Inc. (the "Company")
announced that
the Company's Executive Vice President, General
Counsel and Corporate Secretary,
informed the Company onApril 20, 2021 of his
plan to retire from the Company
effectiveAugust 31, 2021 . In connection withMr. Margolin's retirement, the
Company appointed Diane
Cafritz, currently serving as Senior Vice
President and Chief Human Resources
Officer, as Senior Vice President, Legal and
Chief Human Resources Officer. The
Company expects thatMs. Cafritz will succeed Mr.
Margolin as General Counsel
later this year. Further, the Company expects
that
serving as Vice President, Deputy General Counsel
and Assistant Secretary, will
succeedMr. Margolin as the Company's Corporate
Secretary.
Ms. Cafritz , 50, was promoted to Senior Vice
President and Chief Human Resources
Officer in 2017.Ms. Cafritz joined CarMax in
2003 as assistant general counsel
and progressively advanced within the department.
During her tenure in the
Company's legal department,Ms. Cafritz managed
commercial and consumer
litigation, was responsible for operational
regulatory guidance and led CarMax's
government affairs program. Prior to joining
CarMax,
atMcDermott, Will & Emery .Mr. Stuckey , 47, joined CarMax in 2004 as
corporate counsel and has
progressively advanced within the department. He
was promoted to Vice President,
Deputy General Counsel and Assistant Secretary in
2015.
Company's corporate legal services team, with a
focus on corporate governance,
securities, capital markets, marketing,
intellectual property and commercial
transactional matters. Prior to joining CarMax,
Hunton & Williams.
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