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$64,375 per month is the consulting rate Credit Acceptance Corporation (CACC) expects to pay its departing Chief Technology Officer Ravi Mohan under a separation and advisory agreement disclosed in an SEC 8-K filing dated July 24, 2026.
Six months at that rate totals $386,250 in contracted advisory fees, the arrangement running from his August 14, 2026 effective resignation date through February 14, 2027.
Mohan also retains the opportunity to vest in restricted stock units and stock options scheduled to mature on October 24, 2026, subject to his signing and not revoking a general release of claims.
Resignation timeline On July 20, 2026, Credit Acceptance Corporation's Board of Directors and Mohan mutually agreed that he would step down as Chief Technology Officer effective August 14, 2026.
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