CarMax, Inc. announced that Eric M. Margolin, the Company’s Executive Vice President, General Counsel and Corporate Secretary, informed the Company on April 20, 2021 of his plan to retire from the Company effective August 31, 2021. In connection with Mr. Margolin’s retirement, the Company appointed Diane Cafritz, currently serving as Senior Vice President and Chief Human Resources Officer, as Senior Vice President, Legal and Chief Human Resources Officer. The Company expects that Ms. Cafritz will succeed Mr. Margolin as General Counsel later this year. Further, the Company expects that Mac Stuckey, currently serving as Vice President, Deputy General Counsel and Assistant Secretary, will succeed Mr. Margolin as the Company’s Corporate Secretary. Ms. Cafritz, 50, was promoted to Senior Vice President and Chief Human Resources Officer in 2017. Ms. Cafritz joined CarMax in 2003 as assistant general counsel and progressively advanced within the department. During her tenure in the Company’s legal department, Ms. Cafritz managed commercial and consumer litigation, was responsible for operational regulatory guidance and led CarMax’s government affairs program. Prior to joining CarMax, Ms. Cafritz was a partner at McDermott, Will & Emery. Mr. Stuckey, 47, joined CarMax in 2004 as corporate counsel and has progressively advanced within the department. He was promoted to Vice President, Deputy General Counsel and Assistant Secretary in 2015. Mr. Stuckey leads the Company’s corporate legal services team, with a focus on corporate governance, securities, capital markets, marketing, intellectual property and commercial transactional matters. Prior to joining CarMax, Mr. Stuckey was a lawyer with Hunton & Williams.