Company: KMX
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001170010-25-000073
Chunk: 18

Company: CARMAX INC
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 18
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Max, Inc. (the “Company”), as disclosed in the Company’s 2025 Proxy Statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, compensation tables and the narrative discussion that accompanies the compensation tables, is hereby APPROVED.

#### The Board recommends a vote

#### FOR

#### Proposal Three.

#### 23
| COMPENSATION DISCUSSION AND ANALYSIS |

### Overview
The Compensation and Personnel Committee (the “Committee”) oversees an executive compensation program that is intended to drive the creation of long-term shareholder value while attracting, retaining and motivating executives to drive that long-term success. This section describes that program and details the compensation earned by our CEO, our CFO, and our three other most highly compensated executive officers. We refer to these individuals, listed below, as our “named executive officers” or “NEOs.” Our NEOs as of February 28, 2025 are the following.

| William D. Nash       |     | President and Chief Executive Officer. Mr. Nash joined CarMax in 1997 and was promoted to his current position in 2016. Mr. Nash is also a member of our Board.                                                                                                         |
| Enrique N. Mayor-Mora |     | Executive Vice President and Chief Financial Officer. Mr. Mayor-Mora joined CarMax in 2011 and was promoted to his current position in 2019.                                                                                                                            |
| James Lyski           |     | Executive Vice President and Chief Growth and Strategy Officer. Mr. Lyski joined CarMax in 2014 and was promoted to Executive Vice President in 2017, appointed Chief Innovation and Strategy Officer in 2023, and appointed Chief Growth and Strategy Officer in 2024. |
| Charles Joseph Wilson |     | Executive Vice President and Chief Operating Officer.  Mr. Wilson joined CarMax in 1995 and was promoted to his current position in 2022.                                                                                                                               |
| Shamim Mohammad       |     | Executive Vice President and Chief Information and Technology Officer. Mr. Mohammad joined CarMax in 2012 and was promoted to his current role in 2021.                                                                                                                 |

#### Executive Summary

#### SHAREHOLDER SUPPORT OF OUR 2024 “SAY ON PAY” VOTE
Approximately 90% of our shareholders voted in favor of our 2024 say-on-pay proposal. This result indicates broad shareholder support of our executive compensation program and the meaningful changes to the structure of our program that the Committee disclosed in our