America’s Car-Mart Announces Passing of Former CEO Hank Henderson

America’s Car-Mart, Inc. (NASDAQ: CRMT) is sad to share that William “Hank” Henderson passed away on October 14, 2023. Mr. Henderson served as Car-Mart’s Chief Executive Officer from October 2007 to December 2017.

“We are saddened by the loss of our colleague. Our heartfelt condolences and deepest sympathies go to Hank’s family and friends,” said Doug Campbell, CEO and President. “Hank was a much-loved and respected member of our company, leaving behind a legacy of commitment to our associates and customers. He will be greatly missed.”

“Hank dedicated his life to our great company and his legacy lives on through the influence he has had on others. We are deeply appreciative of Hank’s contributions and the strong foundation he has left us to build on,” said Jeff Williams, CEO Emeritus. “The entire Car-Mart family will miss him.”

“We are all deeply saddened by Hank’s unexpected passing. His sage counsel, sense of humor, friendship, and long-term commitment to our Company, customers, and associates will be sorely missed. We extend our deepest condolences to Hank’s daughters and family, to whom he was forever devoted,” said Josh Welch, Chairman.

Mr. Henderson joined America’s Car-Mart in 1987 and served as Chief Executive Officer from 2007 – 2017. In addition to CEO, he was the company’s Chief Operating Officer from 1999 until May 2002, President from May 2002 to March 2016 and has served as director since 2002. During his tenure at Car-Mart, Mr. Henderson played a key role in the company’s growth from 20 to 143 dealerships. He was the voice of the company’s “Drive Easy” campaign for many years.

About America’s Car-Mart

America’s Car-Mart, Inc. (the “Company”) operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America’s Car-Mart, including investor presentations, please visit our website at www.car-mart.com.

Contacts:	Vickie Judy, CFO at [phone]
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