Short answer
ACV Auctions Inc. (ACVA) filed an 8-K current report with the SEC on August 10, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item EX-99.1 (Exhibit EX-99.2). Q2 2026 results released for quarter ended June 30, 2026.
ACV Auctions Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q2 2026 results released for quarter ended June 30, 2026
- Press release furnished as Exhibit 99.1 contains financial results and investor-relevant performance details
Item 5.02 · Departure/Election of Directors or Officers
- CFO William Zerella resigns August 10, 2026 to join another company, with transition support through October 2, 2026
- Company cited no disagreement with Zerella over operations, policies, or practices, reducing immediate governance concerns
- Timothy Fox promoted effective August 11, 2026 after expanded strategic-finance responsibilities since 2024
- Fox receives $399,000 salary, 80% target bonus, $1.05M RSU grant, and $450,000 target PSU grant
- New CFO’s severance includes 1.5x salary plus target bonus and full equity acceleration after qualifying change-in-control termination
Item EX-99.1 · Exhibit EX-99.2
- CFO transition effective August 11, 2026, with Tim Fox succeeding Bill Zerella
- Zerella departing for another CFO role, remaining as advisor through October 2, 2026
- Fox brings 35+ years of finance, strategy and operations experience
- Internal succession supports continuity, with Fox already leading investor relations and strategic finance
- Separate release covers second-quarter results ended June 30, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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