America?S Car-Mart, Inc. and Leon L. Walthall, Senior Vice President of Field Operations, Agree to Not Continue His Role
October 25, 2023 at 02:51 pm EDT
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America?s Car-Mart, Inc. announced that the Company and Leon L. Walthall, Senior Vice President of Field Operations, have agreed that Mr. Walthall would not continue in his role as Senior Vice President, with his employment to terminate effective October 20, 2023.
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. 
