<SEC-DOCUMENT>0001145443-11-000593.txt : 20110617
<SEC-HEADER>0001145443-11-000593.hdr.sgml : 20110617
<ACCEPTANCE-DATETIME>20110617141437
ACCESSION NUMBER:		0001145443-11-000593
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110615
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20110617
DATE AS OF CHANGE:		20110617

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COPART INC
		CENTRAL INDEX KEY:			0000900075
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				942867490
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23255
		FILM NUMBER:		11918088

	BUSINESS ADDRESS:	
		STREET 1:		4665 BUSINESS CENTER DRIVE
		CITY:			FAIRFIELD
		STATE:			CA
		ZIP:			94534
		BUSINESS PHONE:		7076395000

	MAIL ADDRESS:	
		STREET 1:		4665 BUSINESS CENTER DRIVE
		CITY:			FAIRFIELD
		STATE:			CA
		ZIP:			94534
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d28339.htm
<DESCRIPTION>8-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Anne McCarthy">
<META NAME="date" CONTENT="06/16/2011">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=144></TD><TD width=64></TD><TD width=208></TD><TD width=64></TD><TD width=144></TD></TR>
<TR><TD style="border-top:3px double #000000" valign=top width=624 colspan=5><P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>UNITED STATES</B></P>
<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:19pt; margin-top:40px; margin-bottom:0px; font-size:17pt" align=center><B>FORM 8-K</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:15pt; margin-top:17.333px; margin-bottom:0px; font-size:13pt" align=center><B>CURRENT REPORT</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:15pt; margin:0px; font-size:13pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of<BR>
the Securities Exchange Act of 1934</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:13pt; margin-top:36.667px; margin-bottom:0px; font-size:11pt" align=center><B>June 15, 2011</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Date of Report (date of earliest event reported)</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:19pt; margin-top:60.333px; margin-bottom:0px; padding-bottom:4px; font-size:17pt; border-bottom:1px solid #000000" align=center><B>Copart, Inc.</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Exact name of Registrant as specified in its charter)</B></P>
</TD></TR>
<TR><TD valign=top width=208 colspan=2><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>California</B></P>
</TD><TD valign=top width=208><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>000-23255</B></P>
</TD><TD valign=top width=208 colspan=2><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>94-2867490</B></P>
</TD></TR>
<TR><TD valign=top width=208 colspan=2><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(State or other jurisdiction of<BR>
incorporation or organization)</B></P>
</TD><TD valign=top width=208><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(Commission File Number)</B></P>
</TD><TD valign=top width=208 colspan=2><P style="line-height:10pt; margin-top:0px; margin-bottom:2.667px; font-size:8pt" align=center><B>(I.R.S. Employer<BR>
Identification Number)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:13pt; margin-top:34.2px; margin-bottom:0px; font-size:11pt" align=center><B>4665 Business Center Drive<BR>
Fairfield, California 94534</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Address of principal executive offices)</B></P>
</TD></TR>
<TR><TD valign=bottom width=144><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=336 colspan=3><P style="line-height:13pt; margin-top:29.333px; margin-bottom:0px; font-size:11pt" align=center><B>(707) 639-5000</B></P>
</TD><TD valign=bottom width=144><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>(Registrant&#146;s telephone number, including area code)</B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=624 colspan=5><P style="line-height:13pt; margin-top:29.333px; margin-bottom:0px; font-size:11pt" align=center><B>Not applicable</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt" align=center><B>(Former name or former address, if changed since last report)</B></P>
</TD></TR>
<TR><TD valign=top width=624 colspan=5><P style="line-height:10pt; margin-top:14px; margin-bottom:10.667px; font-size:8pt">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt">[ ] Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt">[ ] Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt">[ ] Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt">[ ] Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
<TR><TD style="border-bottom:3px double #000000" valign=top width=624 colspan=5><P>&nbsp;</P></TD></TR>
</TABLE>
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<P style="margin-top:14.667px; margin-bottom:0px"><BR></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt"><B>Section 1 &#150; Registrant&#146;s Business and Operations</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; font-size:11pt"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; text-indent:48px; font-size:12pt" align=justify>On June 15, 2011 our Audit and Compensation Committees authorized the Company to purchase up to 90,000 shares of our common stock from Thomas Wylie, our Senior Vice President of Human Resources. &nbsp;The price per share paid by the Company to Mr. Wylie shall equal the closing sales price of our common stock on the NASDAQ Stock Market on the date that Mr. Wylie provides written notice to the Company of his intention to sell the shares. &nbsp;The written notice shall be delivered to the Company on a day that the NASDAQ Stock Market is open for trading through July 15, 2011 and shall specify the number of shares to be sold by Mr. Wylie. &nbsp;Any notice of sale delivered by Mr. Wylie after 5 p.m. PT shall be treated as if received the following trading day.</P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; text-indent:48px; font-size:12pt" align=justify>Additionally, on June 15, 2011, our Audit Committee and Compensation Committee authorized the Company to purchase 10,620 shares of our common stock from the WJ Foundation (WJF), an entity controlled by our Chairman of the Board, Willis J. Johnson. &nbsp;The price per share paid by the Company to WJF shall equal the closing sales price of our common stock on the NASDAQ Stock Market on the date that WJF provides written notice to the Company of its intention to sell the shares. &nbsp;The written notice shall be delivered to the Company on a day that the NASDAQ Stock Market is open for trading through July 15, 2011. &nbsp;Any notice of sale delivered by WJF after 5 p.m. PT shall be treated as if received the following trading day.</P>
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<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; text-indent:48px; font-size:11pt">&nbsp;</P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>SIGNATURES</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:0px; text-indent:48px; font-size:11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; font-size:11pt">Dated: June 15, 2011</P>
<P style="line-height:13pt; margin:0px; text-indent:336px; font-size:11pt"><B>COPART, INC.</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; text-indent:336px; font-size:11pt">By:</P>
<P style="line-height:13pt; margin:0px; text-indent:364.8px; font-size:11pt"><U>/s/ Paul A. Styer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="line-height:13pt; margin:0px; text-indent:364.8px; font-size:11pt">Paul A. Styer</P>
<P style="line-height:13pt; margin:0px; text-indent:364.8px; font-size:11pt">Senior Vice President, General Counsel</P>
<P style="line-height:13pt; margin:0px; text-indent:364.8px; font-size:11pt">and Secretary</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
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