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    Jeffrey Liaw

    Chief Executive Officer at Copart Inc
    Since April 1, 2024
    Age
    47 years
    Education
    Earned a B.A. and B.B.A. from the University of Texas in 1999 and an M.B.A. from Harvard University in 2005.
    Tenure
    Joined Copart, Inc. in 2016 as Chief Financial Officer, later served as President and Co-Chief Executive Officer from April 2022 to April 2024, before being appointed Chief Executive Officer in April 2024.

    Also at Copart Inc

    AJA
    A. Jayson Adair
    Executive Chairman
    LCS
    Leah C. Stearns
    Chief Financial Officer

    About

    Jeffrey Liaw is the Chief Executive Officer of Copart, Inc. (NASDAQ: CPRT) as of April 2024. He began his tenure at the company in 2016 as Chief Financial Officer and subsequently held roles including President and Co-Chief Executive Officer from April 2022 to April 2024, culminating in his appointment as CEO on April 1, 2024.

    Before his leadership at Copart, he built his career with significant roles such as Chief Financial Officer at FleetPride, Inc. and as a principal at TPG Capital Management, L.P. These experiences have strengthened his financial expertise and operational management skills.

    His academic credentials reflect a strong foundation in business, having earned a B.A. and B.B.A. from the University of Texas in 1999 and an M.B.A. from Harvard University in 2005.

    While personal details regarding his life outside of his professional achievements are limited in the documents, his progression through key strategic roles at Copart underscores a significant contribution to the company’s growth and the alignment of executive compensation with long-term shareholder interests.

    $CPRT Performance Under Jeffrey Liaw

    Past Roles

    Organization Role Date Range Details
    Copart, Inc. Co-Chief Executive Officer April 2022 – April 2024 Held as a pre-CEO role
    Copart, Inc. President and CEO North America February 2021 – April 2022 Held prior to his appointment as CEO
    Copart, Inc. President September 2019 – January 2021 Previous leadership role before further promotion
    Copart, Inc. Chief Financial Officer September 2016 – October 2020 Served in a financial leadership role before successive roles
    FleetPride, Inc. Chief Financial Officer January 2013 – N/A Held prior to joining Copart, Inc.
    TPG Capital Management, L.P. Principal August 2005 – December 2012 Role at a private equity firm before his FleetPride tenure

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$900,000Annually
    Automobile Allowance$9,000Annually
    Employer-Paid 401(k) Contributions$4,600Annually

    Performance Compensation

    Data from  FY 2024

    Operating Income Metric

    MetricValueDetails
    Threshold Performance$1.215 billion93% payout;
    Target Performance$1.715 billion100% payout;
    Maximum Performance$2.215 billion107% payout;
    Adjustment$75 million per 1% shiftEach $75 million above or below target adjusts payout by 1%;
    Actual Performance$1.57 billionResulted in a 99% payout;
    Weight60%Portion of overall annual cash incentive;

    Personal Performance Goals

    MetricValueDetails
    GoalsN/AOnboard new senior leadership team; deploy differentiated products;
    Achievement100%Fully met as determined by the Compensation Committee;
    Weight40%Portion of overall annual cash incentive;

    Bonus Payout

    MetricValueDetails
    Target Bonus$1,100,000As approved in September 2023;
    Actual Bonus$1,093,400Based on combined metrics (99% and 100%);

    Note: There is no vesting schedule, evaluation period is the fiscal year 2024, and this incentive is cash-based (no grant date or stock price applicable).