{"url_path":"/sec/rusha/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 Exhibits, Financial Statement Schedules**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-02-25","source_url":"https://www.sec.gov/Archives/edgar/data/1012019/0001437749-26-005424-index.html","accession_number":"0001437749-26-005424","cik":"0001012019","ticker":"RUSHA","issuer_name":"RUSH ENTERPRISES INC \\TX\\","edgar_url":"https://www.sec.gov/Archives/edgar/data/1012019/0001437749-26-005424-index.html","primary_entity_key":"0001012019","primary_entity_name":"RUSH ENTERPRISES INC \\TX\\"},"word_count":2427,"has_tables":true,"body_markdown":"**Item 15. Exhibits, Financial Statement Schedules**\n\n \n\n**(a)(1) Financial Statements**\n\n \n\nIncluded in Item 8 of Part II of this annual report on Form 10-K are the following:\n\n \n\nReport of Independent Registered Public Accounting Firm;\n\nConsolidated Balance Sheets as of December 31, 2025, and 2024;\n\nConsolidated Statements of Income for the years ended December 31, 2025, 2024, and 2023;\n\nConsolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024, and 2023;\n\nConsolidated Statements of Shareholders’ Equity for the years ended December 31, 2025, 2024, and 2023;\n\nConsolidated Statements of Cash Flows for the years ended December 31, 2025, 2024, and 2023; and\n\nNotes to Consolidated Financial Statements.\n\n \n\n**(a)(2) Financial Statement Schedules**\n\n \n\nThese schedules are omitted as the required information is inapplicable or the information is presented in the consolidated financial statements or related notes.\n\n \n\n79\n\n[Table of Contents](#toc)\n\n \n\n**(a)(3) Exhibits**\n\n \n\n**Index to Exhibits:**\n\n \n\n**Exhibit**\n\n**No.**\n\n**Identification of Exhibit**\n\n3.1\n\n[Restated Articles of Incorporation of Rush Enterprises, Inc. (incorporated herein by reference to Exhibit 3.1 of the Company’s Quarterly Report on Form 10-Q (File No. 000-20797) for the quarter ended June 30, 2008)](http://www.sec.gov/Archives/edgar/data/1012019/000110465908051789/a08-18770_1ex3d1.htm)\n\n \n\n3.2\n\n[Certificate of Amendment to the Restated Articles of Incorporation of Rush Enterprises, Inc. (incorporated herein by reference to Exhibit 3.2 of the Company’s Quarterly Report on Form 10-Q (File No. 000-20797) for the quarter ended June 30, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923022761/ex_553893.htm)\n\n \n\n3.3\n\n[Rush Enterprises, Inc. Second Amended and Restated Bylaws (incorporated herein by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 3, 2025)](http://www.sec.gov/Archives/edgar/data/1012019/000143774925036807/ex_895175.htm)\n\n \n\n4.1\n\n[Specimen of certificate representing Common Stock (now Class B common stock), $.01 par value, of Rush Enterprises, Inc. (incorporated herein by reference to Exhibit 4.1 of the Company’s Registration Statement No. 333-03346 on Form S-1 filed April 10, 1996)](http://www.sec.gov/Archives/edgar/data/1012019/0000950129-96-000812.txt)\n\n \n\n4.2\n\n[Specimen of certificate representing Class A common stock, $.01 par value, of the Registrant (incorporated herein by reference to Exhibit 4.1 of the Company’s Registration Statement on Form 8-A filed July 9, 2002)](http://www.sec.gov/Archives/edgar/data/1012019/000091205702026743/a2083861zex-4_1.htm)\n\n \n\n4.3\n\n[Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated herein by reference to Exhibit 4.5 of the Company’s Form S-8 filed November 30, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923033263/ex_601669.htm)\n\n \n\n10.1+\n\n[Rush Enterprises, Inc. Amended and Restated 2004 Employee Stock Purchase Plan (incorporated herein by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed May 22, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923015487/ex_524442.htm)\n\n \n\n10.2+\n\n[Rush Enterprises, Inc. Amended and Restated 2006 Non-Employee Director Stock Plan (incorporated herein by reference to Exhibit 10.10 of the Company’s Form 10-K (File No. 000-20797) for the year ended December 31, 2010)](http://www.sec.gov/Archives/edgar/data/1012019/000095012311024520/c13928exv10w10.htm)\n\n \n\n10.3+\n\n[Rush Enterprises, Inc. Amended and Restated 2007 Long-Term Incentive Plan (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed May 22, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923015487/ex_524441.htm)\n\n \n\n10.4+\n\n[Form of Rush Enterprises, Inc. Amended and Restated 2007 Long-Term Incentive Plan Stock Option Award Agreement (incorporated herein by reference to Exhibit 10.5 of the Company’s Annual Report on Form 10-K (File No. 000-20797) filed December 31, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921003645/ex_228230.htm)\n\n \n\n10.5+\n\n[Form of Rush Enterprises, Inc. Amended and Restated 2007 Long-Term Incentive Plan Restricted Stock Award Agreement (incorporated herein by reference to Exhibit 10.6 of the Company’s Annual Report on Form 10-K (File No. 000-20797) filed December 31, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921003645/ex_228231.htm)\n\n \n\n10.6+\n\n[Rush Enterprises, Inc. Deferred Compensation Plan (Amended and Restated Effective as of May 18, 2021) (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed May 24, 2021)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921013172/ex_252721.htm)\n\n \n\n10.7+\n\n[Form of Indemnity Agreement (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed January 7, 2015)](http://www.sec.gov/Archives/edgar/data/1012019/000143774915000385/ex10-1.htm)\n\n \n\n80\n\n[Table of Contents](#toc)\n\n \n\n10.8+\n\n[Rush Enterprises, Inc. Executive Transition Plan (as Amended and Restated Effective as of February 20, 2018) (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed February 26, 2018)](http://www.sec.gov/Archives/edgar/data/1012019/000110465908047652/a08-20031_1ex10d1.htm)\n\n \n\n10.9+\n\n[First Amendment to Rush Enterprises, Inc. Amended and Restated Executive Transition Plan (incorporated herein by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed February 22, 2021)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921003645/ex_228228.htm)\n\n \n\n10.10\n\n[Form of dealer agreement between Peterbilt Motors Company and Rush Truck Centers (incorporated herein by reference to Exhibit 10.18 of the Company’s Form 10-K (File No. 000-20797) for the year ended December 31, 1999)](http://www.sec.gov/Archives/edgar/data/1012019/000095013400002832/0000950134-00-002832.txt)\n\n \n\n10.11\n\n[Amended and Restated Amendment to Dealer Sales and Service Agreements, dated July 6, 2023, by and among Peterbilt Motors Company, a division of PACCAR, Inc., Rush Enterprises, Inc. and the subsidiaries of Rush Enterprises, Inc. named a party therein (incorporated herein by reference to Exhibit 10.3 of the Company's Quarterly Report on Form 10-Q (File No. 000-20797) for the quarter ended September 30, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923031173/ex_594369.htm)\n\n \n\n10.12\n\n[Fifth Amended and Restated Credit Agreement, dated as of September 14, 2021, by and among Rush Enterprises, Inc., the subsidiaries of Rush party thereto as borrowers, the Lenders signatory thereto and BMO Harris Bank N.A., as Administrative Agent and Collateral Agent (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed September 20, 2021)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921022435/ex_285039.htm)\n\n \n\n10.13\n\n[First Amendment to Fifth Amended and Restated Credit Agreement, dated as of May 31, 2023, by and among the Company and certain of its subsidiaries, the Lenders signatory thereto and BMO Harris Bank N.A., as administrative agent and collateral agent for the Lenders (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed June 6, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923016766/ex_530333.htm)\n\n \n\n10.14\n\n[Second Amendment to the Fifth Amended and Restated Credit Agreement, dated as of December 12, 2024, by and among the Company and certain of its subsidiaries, the Lenders signatory thereto, Frost Bank and BMO Bank N.A., as administrative agent and collateral agent for the Lenders (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 18, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924037874/ex_758867.htm)\n\n \n\n10.15\n\n[Guaranty Agreement, dated December 31, 2010, by Rush Enterprises, Inc. and each other Guarantor party thereto in favor of General Electric Capital Corporation. (incorporated herein by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed January 6, 2011)](http://www.sec.gov/Archives/edgar/data/1012019/000095012311001052/c10658exv10w2.htm)\n\n \n\n10.16\n\n[Credit Agreement, dated as of September 14, 2021 by and among Rush Enterprises, Inc., the subsidiaries of Rush party thereto as borrowers, the Lenders signatory thereto and Wells Fargo Bank, National Association, as Administrative Agent (incorporated herein by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed September 20, 2021)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921022435/ex_285040.htm)\n\n \n\n10.17\n\n[First Amendment to Credit Agreement, dated as of November 30, 2022 by and among Rush Enterprises, Inc. and certain of its subsidiaries, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 2, 2022)](http://www.sec.gov/Archives/edgar/data/1012019/000143774922028345/ex_452566.htm)\n\n \n\n10.18\n\n[Second Amendment to Credit Agreement, dated as of December 22, 2023 by and among Rush Enterprises, Inc. and certain of its subsidiaries, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 22, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923035261/ex_609471.htm)\n\n \n\n10.19\n\n[Third Amendment to Credit Agreement, dated as of December 17, 2024, by and among Rush Enterprises, Inc. and certain of its subsidiaries, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent (incorporated herein by reference to Exhibit 10.19 of the Company’s Annual Report on Form 10-K (File No. 000-20797) filed February 21, 2025)](http://www.sec.gov/Archives/edgar/data/1012019/000143774925004794/ex_781162.htm)\n\n \n\n10.20\n[Fourth Amendment to Credit Agreement, dated as of September 30, 2025, by and among Rush Enterprises, Inc., and certain subsidiaries, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed November 3, 2025)](http://www.sec.gov/Archives/edgar/data/1012019/000143774925030484/ex_866211.htm)\n\n \n\n81\n\n[Table of Contents](#toc)\n\n \n\n10.21\n\n[Collateral Agreement, dated as of September 14, 2021, executed by Rush Enterprises, Inc. and the subsidiaries of Rush party thereto as borrowers in favor of Wells Fargo Bank, National Association, as Administrative Agent (incorporated herein by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed September 20, 2021)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921022435/ex_285041.htm)\n\n \n\n10.22\n\n[Guaranty Agreement, dated as of September 14, 2021, executed by Rush Enterprises, Inc. in favor of Wells Fargo Bank, National Association, as Administrative Agent (incorporated herein by reference to Exhibit 10.4 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed September 20, 2021)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921022435/ex_285042.htm)\n\n \n\n10.23\n\n[Second Amended and Restated Inventory Financing and Purchase Money Security Agreement, dated as of November 1, 2023, by and between Rush Truck Leasing, Inc. and PACCAR Leasing Company (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed November 6, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923030420/ex_591845.htm)\n\n \n\n10.24\n\n[Corporate Guarantee dated November 1, 2002, issued by Rush Enterprises, Inc. in favor of PACCAR Leasing Company (incorporated herein by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed October 7, 2021)](http://www.sec.gov/Archives/edgar/data/1012019/000143774921023441/ex_290053.htm)\n\n \n\n10.25\n\n[First Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement, dated as of April 9, 2024, by and between Rush Truck Leasing, Inc. and PACCAR Leasing Company (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed April 15, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924012083/ex_654030.htm)\n\n \n\n10.26\n\n[Second Amendment to Second Amended and Restated Inventory Financing and Purchase Money Security Agreement, dated as of December 16, 2024, by and between Rush Truck Leasing, Inc. and PACCAR Leasing Company (incorporated herein by reference to Exhibit 10.5 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 18, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924037874/ex_758871.htm)\n\n \n\n10.27\n\n[Second Amended and Restated Promissory Note to PACCAR Leasing Company dated December 16, 2024 (incorporated herein by reference to Exhibit 10.6 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 18, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924037874/ex_758872.htm)\n\n \n\n10.28\n\n[Inventory Finance and Purchase Money Security Agreement, dated as of December 16, 2024, by and among Rush Peterbilt Truck Centers, Rush Enterprises, Inc., as agent and borrower representative of Rush Peterbilt Truck Centers and PACCAR Financial Corp. (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 18, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924037874/ex_758868.htm)\n\n \n\n10.29\n\n[Promissory Note to PACCAR Financial Corp. dated December 16, 2024 (incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 18, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924037874/ex_758869.htm)\n\n \n\n10.30\n\n[Corporate Guaranty dated December 16, 2024, issued by Rush Enterprises, Inc. in favor of PACCAR Financial Corp. (incorporated by reference to Exhibit 10.4 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed December 18, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924037874/ex_758870.htm)\n\n \n\n10.31\n\n[Bank of Montreal Revolving Lease and Rental Credit Agreement, dated May 31, 2022, between Rush Truck Centres of Canada Limited and Bank of Montreal (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed June 6, 2022)](http://www.sec.gov/Archives/edgar/data/1012019/000143774922014419/ex_384030.htm)\n\n \n\n10.32\n\n[First Amendment to the BMO Lease and Rental Credit Agreement, dated as of June 1, 2024, by and among RTC-Canada, the Company and BMO (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed June 6, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924019483/ex_684779.htm)\n\n \n\n82\n\n[Table of Contents](#toc)\n\n \n\n10.33\n\n[Amended and Restated Guaranty Agreement, dated as of July 15, 2022, between Rush Enterprises, Inc. and Bank of Montreal (incorporated herein by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed July 21, 2022)](http://www.sec.gov/Archives/edgar/data/1012019/000143774922017535/ex_397876.htm)\n\n \n\n10.34\n\n[First Amended and Restated BMO Wholesale Financing and Security Agreement, dated as of July 15, 2022, between Rush Truck Centres of Canada Limited and Bank of Montreal (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed July 21, 2022)](http://www.sec.gov/Archives/edgar/data/1012019/000143774922017535/ex_397875.htm)\n\n \n\n10.35\n\n[First Amendment to First Amended and Restated BMO Wholesale Financing and Security Agreement, dated as of May 31, 2023, by and among RTC-Canada and BMO (incorporated herein by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed June 6, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774923016766/ex_530334.htm)\n\n \n \n\n10.36\n[Second Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement, dated as of June 1, 2024, by and among RTC-Canada and BMO (incorporated herein by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed June 6, 2024)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924019483/ex_684780.htm)\n\n \n \n\n10.37\n\n[Third Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement, dated as of June 13, 2025, by and among RTC-Canada and BMO (incorporated herein by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K (File No. 000-20797) filed June 18, 2025)](http://www.sec.gov/Archives/edgar/data/1012019/000143774925020786/ex_832213.htm)\n\n \n \n\n19.1\n\n[Rush Enterprises, Inc. Insider Trading Policy (incorporated herein by reference to Exhibit 19.1 of Company’s Annual Report on Form 10-K (File No. 000-20797) filed February 21, 2025)](http://www.sec.gov/Archives/edgar/data/1012019/000143774925004794/ex_780762.htm)\n\n \n \n\n21.1*\n\n[Subsidiaries of the Company](ex_923478.htm)\n\n \n \n\n23.1*\n\n[Consent of Ernst & Young LLP](ex_922226.htm)\n\n \n \n\n31.1*\n\n[Certification of President and Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ex_922227.htm)\n\n \n \n\n31.2*\n\n[Certification of Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ex_922228.htm)\n\n \n \n\n32.1++\n\n[Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](ex_922229.htm)\n\n \n \n\n32.2++\n\n[Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](ex_922230.htm)\n\n \n \n\n97.1+\n\n[Rush Enterprises, Inc. Clawback Policy (incorporated herein by reference to Exhibit 97.1 of the Company’s Annual Report on Form 10-K (File No. 000-20787) for the year ended December 3, 2023)](http://www.sec.gov/Archives/edgar/data/1012019/000143774924005362/ex_628006.htm)\n\n \n \n\n101.INS\n\nXBRL Instance Document – The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document\n\n101.SCH*\n\nInline XBRL Taxonomy Extension Schema Document.\n\n101.CAL*\n\nInline XBRL Taxonomy Extension Calculation Linkbase Document.\n\n101.DEF*\n\nInline XBRL Taxonomy Extension Definition Linkbase Document.\n\n101.LAB*\n\nInline XBRL Taxonomy Extension Label Linkbase Document\n\n101.PRE*\n\nInline XBRL Taxonomy Extension Presentation Linkbase Document\n\n104\n\nCover Page Interactive Data File (formatted as iXBRL and contained in Exhibit 101)\n\n \n\n*\n\nFiled herewith.\n\n+\n\nManagement contract or compensatory plan or arrangement.\n\n++\n\nThis exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934."}