UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): JANUARY 19, 2005
CREDIT ACCEPTANCE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Commission File Number 000-20202
MICHIGAN 38-1999511
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
25505 W. TWELVE MILE ROAD, SUITE 3000 48034-8339
Southfield, Michigan (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (248) 353-2700
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 140.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
(a) On January 19, 2005, Credit Acceptance Corporation (the "Company") executed
Amendment No. 1, dated January 19, 2005, to the Sale and Servicing Agreement
dated as of August 25, 2004 among the Company, Credit Acceptance Auto Dealer
Loan Trust 2004-1, Credit Acceptance Funding LLC 2004-1, JPMorgan Chase Bank and
Systems & Services Technologies, Inc. The amendment reduces the minimum tangible
net worth the Company must maintain under the Sale and Servicing Agreement. The
Amendment is attached as Exhibit 4(f)(64) to this Form 8-K and incorporated
herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
4 (f)(64) Amendment No. 1, dated January 19, 2005,
to Sale and Servicing Agreement dated as of August
25, 2004 among the Company, Credit Acceptance Auto
Dealer Loan Trust 2004-1, Credit Acceptance
Funding LLC 2004-1, JPMorgan Chase Bank and
Systems & Services Technologies, Inc.
SIGNATURES
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.
CREDIT ACCEPTANCE CORPORATION
(Registrant)
By: /s/ Douglas W. Busk
------------------------
Douglas W. Busk
Treasurer
January 25, 2005
INDEX OF EXHIBITS
EXHIBIT NO. DESCRIPTION
----------- -----------
4 (f)(64) Amendment No. 1, dated January 19, 2005, to
Sale and Servicing Agreement dated as of August 25,
2004 among the Company, Credit Acceptance Auto
Dealer Loan Trust 2004-1, Credit Acceptance Funding
LLC 2004-1, JPMorgan Chase Bank and Systems &
Services Technologies, Inc.