Scott J. Vassalluzzo
CREDIT ACCEPTANCEAbout Scott J. Vassalluzzo
Scott J. Vassalluzzo (age 53) is an independent director of Credit Acceptance Corporation (CACC) since March 2007, serving on all three standing committees and currently chairing the Compensation Committee. He is a Managing Member of Prescott General Partners LLC; earlier he was an equity analyst (1998) and General Partner (2000) at Prescott Investors, and previously worked in public accounting at Coopers & Lybrand with a CPA certification. The Board has designated him an “audit committee financial expert” under SEC rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Prescott Investors | Equity Analyst | 1998–2000 | Investment research background |
| Prescott Investors | General Partner | 2000– (historical role) | Senior investment leadership |
| Coopers & Lybrand (now PwC) | Public Accounting; CPA certification | Pre-1998 | Accounting/audit expertise |
| Prescott General Partners LLC | Managing Member | Current | Significant shareholder representative; governance experience |
External Roles
| Organization | Role | Tenure/Notes | Committees/Impact |
|---|---|---|---|
| World Acceptance Corporation (WRLD) | Director | Current per CACC proxy | Consumer finance domain expertise |
| Cimpress plc (CIMP) | Director | Current per CACC proxy | Interlock: CACC director Sean E. Quinn is Cimpress CFO |
Board Governance
- Committee memberships: Compensation (Chair), Audit, Nominating .
- Independence: Determined to be “independent” under Nasdaq Rule 5605(a)(2) .
- Audit committee financial expert designation: Yes .
- Attendance: The Board met six times in 2024; Vassalluzzo had full attendance (no absences noted; exceptions were Hegde and Tryforos) .
- Committee activity: Compensation Committee held six meetings in 2024 and was chaired by Vassalluzzo; scope includes executive pay approval, director pay recommendations, and equity plan administration/delegations .
- Audit Committee chair transition: Chaired by Tryforos in 2024; Quinn became chair January 22, 2025 .
- Independent director sessions: Independent directors regularly meet separately .
Fixed Compensation
| Component | Amount/Detail | Vesting/Timing |
|---|---|---|
| Annual cash retainer | $100,000 (paid quarterly $25,000) | Quarterly in arrears |
| Annual equity award (2024) | 442 RSUs; grant date Sept 4, 2024; grant-date fair value $199,978 | Vests and settles in Common Stock in equal annual installments over 3 years starting first anniversary of grant, subject to continuous service |
| Travel expenses | Business-related travel reimbursed by company (direct payments and reimbursements) | As incurred |
2024 Director Compensation summary:
| Name | Fees Earned or Paid in Cash ($) | Equity Awards ($) | Total ($) |
|---|---|---|---|
| Scott J. Vassalluzzo | $100,000 | $199,978 | $299,978 |
Performance Compensation
| Instrument | Performance Metrics | Measurement Approach | Notes |
|---|---|---|---|
| Director RSUs (2024) | None disclosed (time-based vesting) | Equal annual tranches over 3 years | No ESG/TSR targets for director grants |
Executive compensation context (signals for Comp Committee governance): 2024 say-on-pay approval was 98.4%, indicating strong shareholder support for program design led by the Compensation Committee chaired by Vassalluzzo . The Comp Committee does not use compensation consultants or peer group comparisons, favoring an ownership-driven equity structure .
Other Directorships & Interlocks
| External Board | Interlock at CACC | Potential Implication |
|---|---|---|
| Cimpress plc (Director) | Sean E. Quinn (CACC director) is Cimpress CFO | Information flow and network connectivity across boards; monitor for conflicts if overlapping transactions arise (none disclosed) |
| World Acceptance Corp. (Director) | None noted at CACC | Industry adjacency in consumer finance; monitor for competitive conflicts; Audit Committee reviews related-party transactions if any arise |
Expertise & Qualifications
- CPA certification; public accounting experience (Coopers & Lybrand) .
- Investment and financial expertise (Managing Member at Prescott; former General Partner at Prescott Investors) .
- Audit committee financial expert under SEC rules .
- Broad governance experience with service on Compensation, Audit, and Nominating Committees; Compensation Committee Chair .
Equity Ownership
| Holder/Capacity | Shares | % Outstanding | Notes |
|---|---|---|---|
| Scott J. Vassalluzzo (personal beneficial ownership) | 67,024 | <1% (“*”) | Includes 2,758 shares owned by certain family members over which he has sole voting/dispositive power |
| Unvested director RSUs as of 12/31/2024 | 724 RSUs | n/a | From 2023–2024 director grants; vest per schedules |
| Prescott General Partners LLC et al. (13D group) | 2,326,806 | 19.7% | Vassalluzzo is Managing Member of Prescott General Partners LLC; shared/sole powers detailed in 13D and Form 4 filings |
| Shares outstanding (Record Date) | 11,747,851 | — | Basis for % calculations |
Hedging prohibition: Directors and executive officers are prohibited from hedging company securities (e.g., collars, exchange funds, prepaid forwards) under company trading policy . Pledging restrictions are not explicitly disclosed in the proxy; no pledging by Vassalluzzo is disclosed .
Insider Trades (indicative references; compliance signals)
| Issuer | Filing Type | Filing Date | Notes |
|---|---|---|---|
| Credit Acceptance Corporation | Form 4 (historical filings) | Various (company IR archive) | IR archive includes Form 4 filings naming VASSALLUZZO SCOTT J; confirms ongoing Section 16 reporting |
| Cimpress plc | Form 4 | Nov 12, 2024 | Joint filings with Vassalluzzo as reporting person on Cimpress; demonstrates external board ownership reporting |
| World Acceptance Corp. | Form 4 | Sep 8, 2025 | Filing shows shares owned directly by Vassalluzzo and for certain family accounts; signed as Managing Member (Prescott) and individually |
Section 16 compliance: CACC believes all directors and officers complied with Section 16(a) filing requirements for 2024 (one late Form 4 related to Ms. Rummler; none noted for Vassalluzzo) .
Governance Assessment
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Strengths
- Independent director with deep financial and investment credentials; designated audit committee financial expert .
- High engagement: full attendance in 2024; chairs Compensation Committee; serves on all standing committees .
- Shareholder alignment signals: robust say-on-pay (98.4% approval in 2024) under his committee leadership; director pay mix balanced (cash + multi-year RSUs) .
- Hedging ban enhances alignment; related-party transactions subject to Audit Committee review .
-
Monitoring Items / Potential Conflicts
- Significant shareholder representation via Prescott (19.7% group beneficial ownership) while chairing Compensation—positive alignment but monitor for undue influence or conflicts in pay decisions .
- External board roles: World Acceptance (consumer finance adjacency) and Cimpress; interlock with CACC director Sean Quinn through Cimpress—monitor for any overlapping transactions or information asymmetries (none disclosed) .
- Ownership guidelines for directors not disclosed; no explicit pledging policy disclosure—continue to monitor for pledging practices; hedging is prohibited .
-
Overall View
- Governance quality appears solid: independence, active committee leadership, financial expertise, and strong shareholder support on pay. Key red flag would be related-party or compensation decisions favoring large shareholders; current disclosures show Audit Committee oversight and no related-party transactions involving Vassalluzzo .
References:
External filings: Cimpress Form 4 (Nov 12, 2024) ; WRLD Form 4 (Sep 8, 2025) ; CACC IR Form 4 archive