<SEC-DOCUMENT>0001145443-11-001050.txt : 20111021
<SEC-HEADER>0001145443-11-001050.hdr.sgml : 20111021
<ACCEPTANCE-DATETIME>20111020205558
ACCESSION NUMBER:		0001145443-11-001050
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20111014
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20111021
DATE AS OF CHANGE:		20111020

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:		111151000

	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>d28752.htm
<DESCRIPTION>8-K
<TEXT>
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<META NAME="date" CONTENT="10/18/2011">
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<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>
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<P style="line-height:19pt; margin-top:9.467px; margin-bottom:0px; font-size:17pt" align=center><B>UNITED STATES<BR>
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:68px; 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>October 14, 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:79.333px; 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>0-23255
</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 )</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:0px; 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 (<U>see</U> General
Instruction A.2. below):</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>
<P style="margin-top:10px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px" align=center><BR></P>

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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; padding-left:72px; text-indent:-72px; font-size:11pt"><B>Section 5 - Corporate Governance
and Management</B></P>
<P style="line-height:13pt; margin-top:14.667px; margin-bottom:-17.333px; padding-left:72px; text-indent:-72px; font-size:11pt"><B>Item&nbsp;5.02.</B></P>
<P style="line-height:13pt; margin:0px; padding-left:72px; font-size:11pt"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
<P style="margin-top:0px; margin-bottom:7.333px"><BR></P>
<P style="line-height:13pt; margin-top:6.133px; margin-bottom:6.133px; font-size:11pt">On October 14, 2011, the Compensation Committee of our Board of Directors
approved the payment of various cash bonuses for the fiscal year ended July 31, 2011. &nbsp;Following is a summary of the payments made to our principal
financial officer and other named executive officers (determined by reference to our proxy statement, dated November 13, 2010):</P>
<P style="margin:0px"><BR></P>
<DIV ALIGN="CENTER">
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=228></TD><TD width=198></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=228><P style="line-height:13pt; margin:0px; font-size:11pt"><U>Name</U></P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=198>
<P style="line-height:13pt; margin:0px; font-size:11pt"><U>Cash Bonus Amount</U></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=228>
<P style="line-height:13pt; margin:0px; font-size:11pt">Vincent W. Mitz</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=198>
<P style="line-height:13pt; margin:0px; font-size:11pt">$500,000</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=228>
<P style="line-height:13pt; margin:0px; font-size:11pt">William E. Franklin</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=198>
<P style="line-height:13pt; margin:0px; font-size:11pt">$319,385</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=228>
<P style="line-height:13pt; margin:0px; font-size:11pt">Russell D. Lowy</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=198>
<P style="line-height:13pt; margin:0px; font-size:11pt">$207,551</P>
</TD></TR>
</TABLE>
</DIV>
<BR>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>-2-</P>

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<P style="margin-top:0px; margin-bottom:7.333px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" 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: October 18, 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;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="line-height:14pt; margin:0px; font-size:12pt" align=center>-3-</P>
<P style="margin-top:16px; margin-bottom:0px"><BR></P>
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