<SEC-DOCUMENT>0001206774-15-003224.txt : 20151015
<SEC-HEADER>0001206774-15-003224.hdr.sgml : 20151015
<ACCEPTANCE-DATETIME>20151015171805
ACCESSION NUMBER:		0001206774-15-003224
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20151012
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20151015
DATE AS OF CHANGE:		20151015

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:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23255
		FILM NUMBER:		151160630

	BUSINESS ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
		BUSINESS PHONE:		972-391-5000

	MAIL ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>copart_8k.htm
<DESCRIPTION>CURRENT REPORT
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<B><FONT face="Times New Roman" size=5>UNITED STATES <BR></FONT></B><B><FONT face="Times New Roman" size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><FONT face="Times New Roman" size=5> <BR></FONT><B><FONT face="Times New Roman" size=2>Washington, D.C. 20549</FONT></B><FONT face="Times New Roman" size=2>
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<div align=center><B><FONT face="Times New Roman" size=5>___________<BR><BR>FORM
8-K </FONT></B></div>
<P align=center><B><FONT face="Times New Roman">CURRENT REPORT</FONT></B><FONT face="Times New Roman"> <BR></FONT><B><FONT face="Times New Roman">Pursuant to
Section 13 or 15(d) of</FONT></B><FONT face="Times New Roman"> </FONT><B><FONT face="Times New Roman">The Securities Exchange Act of 1934</FONT></B><FONT face="Times New Roman"> </FONT></P>
<P align=center><FONT face="Times New Roman" size=2>Date of Report (Date of
earliest event reported): </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>October 12, 2015
<BR>
_______________________________</FONT></B></P><BR>

<P align=center><B><FONT face="Times New Roman" size=5>COPART, INC.
</FONT></B><br><FONT face="Times New Roman" size=2>(Exact name of registrant as
specified in its charter) </FONT></P>
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    <TD style="TEXT-ALIGN: center" noWrap width="33%"><B><U><FONT face="Times New Roman" size=2>Delaware</FONT></U></B></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><B><U><FONT face="Times New Roman" size=2>0-23255</FONT></U></B></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><B><U><FONT face="Times New Roman" size=2>94-2867490</FONT></U></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>(State or other jurisdiction of</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>(Commission File Number)</FONT></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>(IRS Employer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>incorporation)</FONT></TD>
    <TD noWrap align=left width="33%"></TD>
    <TD style="TEXT-ALIGN: center" noWrap width="33%"><FONT face="Times New Roman" size=2>Identification
No.)</FONT></TD></TR></TABLE><BR>
<P align=center><B><FONT face="Times New Roman" size=2>14185 Dallas Parkway,
Suite 300<BR>Dallas, Texas 75254</FONT></B><FONT face="Times New Roman">
<BR></FONT><FONT face="Times New Roman" size=2>(Address of principal executive
offices, including zip code) </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>(972)
391-5000</FONT></B><FONT face="Times New Roman" size=2> <BR></FONT><FONT face="Times New Roman" size=2>(Registrant&#146;s telephone number, including area
code) </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>Not Applicable
<BR></FONT></B><FONT face="Times New Roman" size=2>(Former name or former
address, if changed since last report.) </FONT></P>
<P STYLE="text-align: left"><FONT face="Times New Roman" size=2>Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions
(</FONT><FONT face="Times New Roman" size=2>see</FONT><FONT face="Times New Roman" size=2> General Instruction A.2. below): </FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>[&nbsp;&nbsp; ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
</FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>[&nbsp;&nbsp; ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
</FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>[&nbsp;&nbsp; ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b)) </FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>[&nbsp;&nbsp; ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c)) </FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P STYLE="text-align: left"><B><FONT face="Times New Roman" size=2>Section 5 - Corporate
Governance and Management</FONT></B><FONT face="Times New Roman" size=2>
</FONT></P>
<P STYLE="text-align: left"><B><I><FONT face="Times New Roman" size=2>Item
5.02</FONT></I></B><I><FONT face="Times New Roman" size=2>
</FONT></I><B><I><FONT face="Times New Roman" size=2>Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</FONT></I></B><FONT face="Times New Roman" size=2> </FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT face="Times New Roman" size=2>On October 12, 2015, the
Compensation Committee of our Board of Directors approved (i) the annual base
salaries for fiscal 2016 for our named executive officers and (ii) the payment
of various cash bonuses for the fiscal year ended July 31, 2015 for our named
executive officers. </FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT face="Times New Roman" size=2>Following is a summary of
(i) the annual base salaries for fiscal 2016 for our named executive officers
and (ii) the payments made, or to be made, to our named executive officers for
fiscal 2015 cash bonuses (in each case, as determined by reference to our fiscal
year ended July 31, 2015): </FONT></P>
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    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 1pt solid; WIDTH: 28%; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" noWrap width="39%"><U><FONT face="Times New Roman" size=2>Name</FONT></U></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 25%; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" noWrap width="40%"><U><FONT face="Times New Roman" size=2>Position</FONT></U></TD>
    <TD style="BORDER-TOP: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="10%"><U><FONT face="Times New Roman" size=2>Annual Base Salary<BR>(Fiscal 2016)</FONT></U></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="10%"><U><FONT face="Times New Roman" size=2>Cash
      Bonus Amount<BR>(Fiscal 2015)</FONT></U></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="39%"><FONT face="Times New Roman" size=2>A. Jayson Adair</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="40%"><FONT face="Times New Roman" size=2>Chief Executive Officer</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1&nbsp;(1)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;</FONT></TD></TR>
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    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="39%"><FONT face="Times New Roman" size=2>William E. Franklin</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="40%"><FONT face="Times New Roman" size=2>Executive Vice President<BR>and Chief Financial Officer</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$450,000&nbsp;(2)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$500,000</FONT></TD></TR>
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    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="39%"><FONT face="Times New Roman" size=2>Robert H. Vannuccini</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="40%"><FONT face="Times New Roman" size=2>Senior Vice President,<BR>Chief Sales Officer</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$325,000&nbsp;(3)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$300,000</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="39%"><FONT face="Times New Roman" size=2>Paul A. Styer</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="40%"><FONT face="Times New Roman" size=2>Senior Vice President,<BR>General Counsel and Secretary</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$300,000&nbsp;(4)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$230,100</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="39%"><FONT face="Times New Roman" size=2>Rama Prasad</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="40%"><FONT face="Times New Roman" size=2>Senior Vice President,<BR>Chief Technology Officer</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$315,000&nbsp;(5)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" vAlign=top noWrap align=right width="10%"><FONT face="Times New Roman" size=2>$372,500</FONT></TD></TR></TABLE><BR>
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    <TD vAlign=top noWrap><FONT size=2 face="Times New Roman"></FONT></TD>
    <TD vAlign=top noWrap><FONT face="Times New Roman" size=2>(1)&nbsp;</FONT></TD>
    <TD width="100%"><FONT face="Times New Roman" size=2>Represents no change
      in annual base salary from fiscal 2015 base salary.</FONT></TD></TR>
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    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap><FONT face="Times New Roman" size=2>(2)</FONT></TD>
    <TD width="100%"><FONT face="Times New Roman" size=2>Represents an
      increase of approximately 12.5% in annual base salary, effective as of
      September 27, 2015.</FONT></TD></TR>
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    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap><FONT face="Times New Roman" size=2>(3)</FONT></TD>
    <TD width="100%"><FONT face="Times New Roman" size=2>Represents an
      increase of approximately 4.8% in annual base salary, effective as of
      September 27, 2015.</FONT></TD></TR>
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    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap><FONT face="Times New Roman" size=2>(4)</FONT></TD>
    <TD width="100%"><FONT face="Times New Roman" size=2>Represents an
      increase of approximately 1.7% in annual base salary, effective as of
      September 27, 2015.</FONT></TD></TR>
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    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap><FONT face="Times New Roman" size=2>(5)</FONT></TD>
    <TD width="100%"><FONT face="Times New Roman" size=2>Represents an
      increase of approximately 5.0% in annual base salary, effective as of
      September 27, 2015.</FONT></TD></TR></TABLE><BR>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=center><B><FONT face="Times New Roman" size=2>SIGNATURES
</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT face="Times New Roman" size=2>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. </FONT></P>
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    <TD noWrap align=left width="93%" colSpan=2><B><FONT face="Times New Roman" size=2>COPART, INC.</FONT></B></TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
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    <TD noWrap align=left width="6%"><FONT face="Times New Roman" size=2>By:</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="63%"><font size=2 face="times new roman" style="font-variant: small-caps" >/s/&nbsp;Paul
      A. Styer</font></TD>
    <TD noWrap align=left width="30%">&nbsp;</TD></TR>
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    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="93%" colSpan=2><FONT face="Times New Roman" size=2>Paul
      A. Styer</FONT></TD></TR>
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    <TD noWrap align=left width="6%"></TD>
    <TD noWrap align=left width="93%" colSpan=2><FONT face="Times New Roman" size=2>Senior Vice President, General Counsel and
      Secretary</FONT></TD></TR></TABLE></DIV><BR>
<P align=justify><FONT face="Times New Roman" size=2>Date: October 15,
2015</FONT><B><FONT face="Times New Roman" size=2> </FONT></B></P>
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