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SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis.
These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to OPENLANE, Inc.
SEC Filings (Chronological Order)
Halaman ini menyediakan daftar lengkap dan kronologis dari Pengajuan SEC, tidak termasuk pengajuan kepemilikan yang kami sediakan di tempat lain.
| August 6, 2025 |
q22025openlaneearningssl 1 Q2 | 2025 Q2 2025 Earnings August 6, 2025 2 Q2 | 2025 Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. |
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| August 6, 2025 |
EXHIBIT 99.2 OPENLANE, Inc. Second Quarter 2025 Supplemental Financial Information August 6, 2025 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). The presentation of these no |
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| August 6, 2025 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Itunu Orelaru Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports Second Quarter 2025 Financial Results •Marketplace dealer volume growth of 21% YoY •Gross Merchandise Value (GMV) of approximately $7.5 billion, representing 10% YoY growt |
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| August 6, 2025 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 6, 2025 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Numb |
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| August 6, 2025 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registra |
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| August 6, 2025 |
Amendment No. 2 to the Receivables Purchase Agreement, dated May 23, 2025 EXHIBIT 10.11c Execution Version AMENDMENT NO. 2 TO RECEIVABLES PURCHASE AGREEMENT THIS AMENDMENT NO. 2 to RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of May 23, 2025 is entered into among AUTOMOTIVE FINANCE CANADA INC., a corporation incorporated under the laws of the Province of Ontario (the “Seller” and the initial “Servicer”), OPENLANE, Inc., f/k/a KAR AUCTION SERVICES, INC., a |
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| June 9, 2025 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 6, 2025 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Number |
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| May 28, 2025 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 23, 2025 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Number |
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| May 8, 2025 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Regist |
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| May 7, 2025 |
earningsslidesq12025-fin First Quarter 2025 Earnings Slides // May 7, 2025 2 Q1 | 2025 Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. |
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| May 7, 2025 |
EXHIBIT 99.2 OPENLANE, Inc. First Quarter 2025 Supplemental Financial Information May 7, 2025 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements of our |
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| May 7, 2025 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Jared Harnish Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports First Quarter 2025 Financial Results •Marketplace dealer volume growth of 15% YoY •Revenue of $460 million, representing 7% YoY growth, driven by 10% YoY Marketplace growt |
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| May 7, 2025 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 7, 2025 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Number) |
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| April 25, 2025 |
TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Ru |
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| April 25, 2025 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Defin |
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| April 22, 2025 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): April 22, 2025 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Numb |
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| April 22, 2025 |
EXHIBIT 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated April 22, 2025 and effective May 27, 2025 (the “Effective Date”), is entered into by and between OPENLANE, Inc. (“Employer”) and Bradley Herring (“Employee”). RECITALS A. Employer desires to employ Employee on the terms and conditions set forth in this Agreement. B. Employee desires to accept such employment. AGR |
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| April 22, 2025 |
EXHIBIT 99.1 22 PRESS RELEASE FOR IMMEDIATE RELEASE OPENLANE Names Brad Herring Chief Financial Officer Bolsters Leadership Bench With More Than 30 Years of Financial Management and Investor Relations Expertise Carmel, Ind. – April 22, 2025 – OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the company has named Brad Herring as EVP and C |
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| February 20, 2025 |
Employment Agreement, dated April 1, 2024, between OPENLANE, Inc. and William C. Mitchell EXHIBIT 10.6 EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated and effective April 1, 2024 (the “Effective Date”), is entered into by and between OPENLANE, Inc. (“Employer”) and William C. Mitchell (“Employee”). RECITALS A. Employer desires to continue to employ Employee, and Employee desires to accept such continued employment, on the terms and conditions set forth in this |
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| February 20, 2025 |
Form of 2025 Restricted Stock Unit Award Agreement for Section 16 Officers EXHIBIT 10.21 OPENLANE, INC. SECOND AMENDED AND RESTATED 2009 OMNIBUS STOCK AND INCENTIVE PLAN RESTRICTED STOCK UNIT AGREEMENT 2025 AWARD THIS AGREEMENT (the “Agreement”) is made between OPENLANE, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”) pursuant to the OPENLANE, Inc. Second Amended and Restated 2009 Omnibus Stock and Incentive Plan (as may be amended from time to |
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| February 20, 2025 |
Subsidiaries of OPENLANE, Inc. EXHIBIT 21.1 Subsidiaries of OPENLANE, Inc. The following is a list of subsidiaries of OPENLANE, Inc. (a Delaware corporation) as of December 31, 2024: Name State or Jurisdiction of Incorporation or Organization 2540-0714 Quebec Inc. Quebec 504811 NB Ltd. New Brunswick 51937 Newfoundland & Labrador Limited Newfoundland 79378 Manitoba Inc. Manitoba ADESA Auctions Canada Corporation Nova Scotia ADES |
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| February 20, 2025 |
Employment Agreement, dated March 9, 2020, between OPENLANE, Inc. and Charles S. Coleman EXHIBIT 10.7 EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated and effective March 9, 2020 (the “Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and Charles S. Coleman (“Employee”). RECITALS A. Employer desires to continue to employ Employee, and Employee desires to accept such continued employment, on the terms and conditions set for |
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| February 20, 2025 |
EXHIBIT 10.27 OPENLANE, INC. SECOND AMENDED AND RESTATED 2009 OMNIBUS STOCK AND INCENTIVE PLAN PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT 2025 AWARD THIS AGREEMENT (the “Agreement”) is made between OPENLANE, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”) pursuant to the OPENLANE, Inc. Second Amended and Restated 2009 Omnibus Stock and Incentive Plan (as may be am |
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| February 20, 2025 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registrant |
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| February 20, 2025 |
OPENLANE, Inc. Annual Incentive Program Summary of Terms 2025 EXHIBIT 10.9 OPENLANE, Inc. Annual Incentive Program Summary of Terms 2025 OPENLANE, Inc. Annual Incentive Program Summary of Terms The following is a summary of the 2025 OPENLANE, Inc. Annual Incentive Program (the “Program”) which is part of the OPENLANE, Inc. Second Amended and Restated 2009 Omnibus Stock and Incentive Plan (as may be amended from time to time, the “Omnibus Plan”). Any awards u |
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| February 20, 2025 |
EXHIBIT 19.1 OPENLANE, INC. INSIDER TRADING POLICY Dated as of July 26, 2023 In the course of conducting the business of OPENLANE, Inc. (together with its subsidiaries, the “Company”), you may come into possession of material information about the Company or other entities that is not available to the investing public (“material nonpublic information”). You must maintain the confidentiality of mat |
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| February 19, 2025 |
EXHIBIT 99.2 OPENLANE, Inc. Q4 and YTD 2024 Supplemental Financial Information February 19, 2025 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements of |
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| February 19, 2025 |
earningsslidesq42024-fin Q4 2024 & Annual Earnings Slides // February 19, 2025 2 Q4 | 2024 Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. |
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| February 19, 2025 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): February 19, 2025 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File N |
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| February 19, 2025 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Itunu Orelaru Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports 2024 Financial Results Carmel, IN, February 19, 2025 — OPENLANE, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended Dece |
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| January 8, 2025 |
OPENLANE, Inc. 11299 N. Illinois Street, Suite 500 Carmel, IN 46032 OPENLANE, Inc. 11299 N. Illinois Street, Suite 500 Carmel, IN 46032 January 8, 2025 VIA EDGAR Stephen Kim and Doug Jones Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, DC 20549 Re: OPENLANE, Inc. Form 10-K for Fiscal Year Ended December 31, 2023 Form 8-K Furnished November 6, 2024 File No. 001-34568 Dear Mr. Kim and Mr. Jones: On behalf of OPENLANE, |
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| November 19, 2024 |
1 Make Wholesale Easy Investor Update November 19, 2024 2 Investor Update 2024 Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. |
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| November 19, 2024 |
Regulation FD Disclosure, Financial Statements and Exhibits UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): November 19, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File N |
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| November 7, 2024 |
Amendment No. 1 to the Receivables Purchase Agreement, dated September 27, 2024 EXHIBIT 10.13b Execution Version AMENDMENT NO. 1 TO RECEIVABLES PURCHASE AGREEMENT THIS AMENDMENT NO. 1 to RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of September 27, 2024 is entered into among AUTOMOTIVE FINANCE CANADA INC., a corporation incorporated under the laws of the Province of Ontario (the “Seller” and the initial “Servicer”), OPENLANE, Inc., f/k/a KAR AUCTION SERVICES, I |
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| November 7, 2024 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Re |
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| November 7, 2024 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): November 4, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Nu |
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| November 7, 2024 |
EXHIBIT 10.12b CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS DOCUMENT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Version FIRST AMENDMENT AND JOINDER TO TENTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT THIS FIRST AMENDMENT AND JOINDER, dated as of Septem |
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| November 6, 2024 |
EXHIBIT 99.2 OPENLANE, Inc. Third Quarter 2024 Supplemental Financial Information November 6, 2024 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements o |
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| November 6, 2024 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Itunu Orelaru Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports Third Quarter 2024 Financial Results Carmel, IN, November 6, 2024 — OPENLANE, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended Sep |
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| November 6, 2024 |
Third Quarter 2024 Earnings Slides // November 6, 2024 2 Q3 | 2024 Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. |
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| November 6, 2024 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): November 6, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Nu |
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| October 3, 2024 |
Entry into a Material Definitive Agreement UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): September 27, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File |
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| August 8, 2024 |
As filed with the Securities and Exchange Commission on August 8, 2024 As filed with the Securities and Exchange Commission on August 8, 2024 Registration No. |
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| August 8, 2024 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registra |
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| August 8, 2024 |
Calculation of Filing Fee Tables S-8 OPENLANE, Inc. Table 1: Newly Registered Securities Security Type Security Class Title Fee Calculation Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee 1 Equity Common stock, par value $0.01 per share Other 4,000,000 $ 16.965 $ 67,860,000.00 0.0001476 $ 10,016.14 Total Offering |
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| August 7, 2024 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 7, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Numb |
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| August 7, 2024 |
EXHIBIT 99.2 OPENLANE, Inc. Second Quarter 2024 Supplemental Financial Information August 7, 2024 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements of |
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| August 7, 2024 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Itunu Orelaru Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports Second Quarter 2024 Financial Results Carmel, IN, August 7, 2024 — OPENLANE, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended Jun |
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| August 7, 2024 |
Second Quarter 2024 Earnings Slides // August 7, 2024 2 Q2 | 2024 Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. |
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| June 20, 2024 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 13, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Numbe |
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| June 10, 2024 |
Submission of Matters to a Vote of Security Holders UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 7, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Number |
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| May 2, 2024 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registr |
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| May 2, 2024 |
Letter Agreement, dated April 1, 2024, between OPENLANE, Inc. and James E. Money EXHIBIT 10.6b April 1, 2024 Dear Jim: This letter agreement (“Agreement”) is entered into as of April 1, 2024 (“Effective Date”), and confirms the terms of the agreement OPENLANE, Inc. (“OPENLANE”) and James E. Money (“you”) have reached with respect to consulting services to assist OPENLANE in the transition of the President of AFC role. 1.Services. You will provide certain consulting services re |
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| May 2, 2024 |
Letter Agreement, dated March 5, 2024, between OPENLANE, Inc. and Justin Davis EXHIBIT 10.7b March 5, 2024 Dear Justin: This letter agreement confirms the terms of the agreement OPENLANE, Inc. (“OPENLANE”) and Justin Davis (“you”) have reached with respect to consulting services to assist OPENLANE in the transition of the President of BacklotCars role through June 30, 2024. As we discussed, you will consult with respect to transitional matters from time to time as reasonably |
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| May 1, 2024 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 1, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Number) |
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| May 1, 2024 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports First Quarter 2024 Financial Results Carmel, IN, May 1, 2024 — OPENLANE, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2024 |
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| May 1, 2024 |
EXHIBIT 99.2 OPENLANE, Inc. First Quarter 2024 Supplemental Financial Information May 1, 2024 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements of our |
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| May 1, 2024 |
First Quarter 2024 Earnings Slides // May 1, 2024 2 Q1 | 2024 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| April 26, 2024 |
April 26, 2024 Dear Fellow Stockholder: Thank you for your continued investment in and support of OPENLANE, Inc. |
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| April 26, 2024 |
TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Ru |
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| February 22, 2024 |
As filed with the Securities and Exchange Commission on February 22, 2024 As filed with the Securities and Exchange Commission on February 22, 2024 Registration No. |
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| February 22, 2024 |
Exhibit 107 Calculation of Filing Fee Table Form S-3 (Form Type) OPENLANE, INC. (Exact Name of Registrant as Specified in its Charter) Table 1 - Newly Registered Securities and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration F |
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| February 21, 2024 |
Subsidiaries of OPENLANE, Inc. EXHIBIT 21.1 Subsidiaries of OPENLANE, Inc. The following is a list of subsidiaries of OPENLANE, Inc. (a Delaware corporation) as of December 31, 2023: Name State or Jurisdiction of Incorporation or Organization ADESA, Inc. Delaware ADESA Corporation, LLC Indiana ADESA Dealer Services, LLC Indiana ADESA Mexico, LLC Indiana AFC CAL, LLC California Automotive Finance Consumer Division, LLC Indiana A |
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| February 21, 2024 |
Employment Agreement, dated March 9, 2020, between OPENLANE, Inc. and James E. Money EXHIBIT 10.6 EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated and effective March 9, 2020 (the “Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and James E. Money (“Employee”). RECITALS A. Employer desires to continue to employ Employee, and Employee desires to accept such continued employment, on the terms and conditions set forth i |
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| February 21, 2024 |
OPENLANE, Inc. Clawback Policy EXHIBIT 97.1 OPENLANE, INC. CLAWBACK POLICY The Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of OPENLANE, Inc. (the “Company”) believes that it is appropriate for the Company to adopt this Clawback Policy (the “Policy”) to be applied to the Executive Officers of the Company and adopts this Policy to be effective as of the Effective Date. 1.Definitions For purpos |
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| February 21, 2024 |
EXHIBIT 10.28 KAR AUCTION SERVICES, INC. AMENDED AND RESTATED 2009 OMNIBUS STOCK AND INCENTIVE PLAN PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT 2024 AWARD THIS AGREEMENT (the “Agreement”) is made between OPENLANE, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”) pursuant to the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan (as |
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| February 21, 2024 |
Employment Agreement, dated March 1, 2021, between OPENLANE, Inc. and Scott Anderson EXHIBIT 10.8 EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated and effective March 1, 2021 (the “Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and Scott Anderson (“Employee”). RECITALS A. Employer desires to continue to employ Employee, and Employee desires to accept such continued employment, on the terms and conditions set forth i |
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| February 21, 2024 |
OPENLANE, Inc. Annual Incentive Program Summary of Terms 2024 EXHIBIT 10.10 OPENLANE, Inc. Annual Incentive Program Summary of Terms 2024 OPENLANE, Inc. Annual Incentive Program Summary of Terms The following is a summary of the 2024 OPENLANE, Inc. Annual Incentive Program (the “Program”) which is part of the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan (as may be amended from time to time, the “Omnibus Plan”). Any aw |
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| February 21, 2024 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registrant |
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| February 20, 2024 |
EXHIBIT 99.2 OPENLANE, Inc. Q4 and YTD 2023 Supplemental Financial Information February 20, 2024 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements of |
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| February 20, 2024 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): February 20, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File N |
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| February 20, 2024 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports 2023 Financial Results Carmel, IN, February 20, 2024 — OPENLANE, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended December 3 |
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| February 20, 2024 |
earningsslidesq42023-fin Q4 2023 & Annual Earnings Slides // February 20, 2024 2 Q4 | 2023 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| February 14, 2024 |
KAR / OPENLANE, Inc. / SNYDER CAPITAL MANAGEMENT INC Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) OPENLANE, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule |
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| February 14, 2024 |
KAR / OPENLANE, Inc. / SNYDER CAPITAL MANAGEMENT L P Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) OPENLANE, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule |
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| February 13, 2024 |
KAR / OPENLANE, Inc. / Burgundy Asset Management Ltd. - SC 13G/A Passive Investment SC 13G/A 1 d767433dsc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1)* Openlane Inc. (Formerly KAR Auction Services, Inc.) (Name of Issuer) Common (Title of Class of Securities) 48238T109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the |
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| February 13, 2024 |
KAR / OPENLANE, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment SC 13G/A 1 tv01619-openlaneinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer: OPENLANE Inc Title of Class of Securities: Common Stock CUSIP Number: 48238T109 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule |
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| February 9, 2024 |
KAR / OPENLANE, Inc. / DIMENSIONAL FUND ADVISORS LP - SEC SCHEDULE 13G Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* OPENLANE Inc (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule |
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| January 22, 2024 |
Exhibit 10.1 Execution Version FIRST AMENDMENT AGREEMENT This FIRST AMENDMENT AGREEMENT, dated as of January 19, 2024 (this “Agreement”), is entered into by and among each undersigned Lender (as defined below) that is party to the Existing Credit Agreement (as defined below) (each, a “Consenting Lender” and, collectively, the “Consenting Lenders”) and each undersigned Lender with 2024 Canadian Rev |
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| January 22, 2024 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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, 2024 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Nu |
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| November 2, 2023 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Reg |
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| November 1, 2023 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports Third Quarter 2023 Financial Results Carmel, IN, November 1, 2023 — OPENLANE, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September |
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| November 1, 2023 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): November 1, 2023 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Nu |
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| November 1, 2023 |
EXHIBIT 99.2 OPENLANE, Inc. Third Quarter 2023 Supplemental Financial Information November 1, 2023 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements o |
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| November 1, 2023 |
Third Quarter 2023 Earnings Slides // November 1, 2023 2 Q3 | 2023 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| August 3, 2023 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registr |
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| August 2, 2023 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 2, 2023 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Numb |
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| August 2, 2023 |
EXHIBIT 99.2 OPENLANE, Inc. Second Quarter 2023 Supplemental Financial Information August 2, 2023 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They are not measurements of |
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| August 2, 2023 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] OPENLANE, Inc. Reports Second Quarter 2023 Financial Results Carmel, IN, August 2, 2023 — OPENLANE, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, |
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| August 2, 2023 |
earningsslidesq22023-fin Second Quarter 2023 Earnings Slides // August 2, 2023 2 Q2 | 2023 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| June 26, 2023 |
EXHIBIT 10.1 Execution Version CREDIT AGREEMENT dated as of June 23, 2023, among OPENLANE, INC., as Borrower, THE LENDERS PARTY HERETO, and JPMORGAN CHASE BANK, N.A., as Administrative Agent JPMORGAN CHASE BANK, N.A., as Sole Lead Arranger JPMORGAN CHASE BANK, N.A., BARCLAYS BANK PLC, BOFA SECURITIES, INC., GOLDMAN SACHS BANK USA, BMO CAPITAL MARKETS CORP., FIFTH THIRD BANK, NATIONAL ASSOCIATION a |
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| June 26, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 23, 2023 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Numbe |
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| June 5, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 2, 2023 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission File Number |
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| May 12, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 10, 2023 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| May 12, 2023 |
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of OPENLANE, Inc. EXHIBIT 3.1 CERTIFICATE OF AMENDMENT TO THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF KAR AUCTION SERVICES, INC. KAR Auction Services, Inc. (the “Corporation”), a corporation organized and existing under the General Corporation Law of the State of Delaware, hereby certifies as follows: 1. This Certificate of Amendment (this “Certificate of Amendment”) amends the provisions of the Corpor |
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| May 3, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 3, 2023 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| May 3, 2023 |
Exhibit 10.14 CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Version RECEIVABLES PURCHASE AGREEMENT BETWEEN AUTOMOTIVE FINANCE CANADA INC., as Seller and Servicer - and - KAR AUCTION SERVICES, INC., as Performanc |
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| May 3, 2023 |
KAR Global Commences Offer to Purchase Certain of Its Outstanding 5.125% Senior Notes Due 2025 EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE KAR Global Commences Offer to Purchase Certain of Its Outstanding 5.125% Senior Notes Due 2025 Carmel, Ind. – May 3, 2023 – KAR Auction Services, Inc. (to be renamed OPENLANE, Inc.), d/b/a KAR Global (NYSE: KAR) (the “Company”), today announced that it has commenced an offer to purchase for cash (the “Asset Disposition Offer”) up to $140,000,000 of |
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| May 3, 2023 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact nam |
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| May 2, 2023 |
EXHIBIT 99.4 PRESS RELEASE FOR IMMEDIATE RELEASE KAR Global to Rebrand as OPENLANE New Brand to Unite Marketplace Brands and Simplify Customer Experience Carmel, Ind. – May 2, 2023 – KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR) announces it is rebranding to OPENLANE. The change reflects the company’s transformation to a more asset-light, digital marketplace company and signals a new sim |
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| May 2, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 2, 2023 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| May 2, 2023 |
earningsslidedeckq12023- First Quarter 2023 Earnings Slides May 2, 2023 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| May 2, 2023 |
EX-99.2 3 exhibit992-q12023ersupplem.htm EXHIBIT 99.2 - EARNINGS RELEASE SUPPLEMENT EXHIBIT 99.2 KAR Auction Services, Inc. First Quarter 2023 Supplemental Financial Information May 2, 2023 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance wi |
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| May 2, 2023 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] KAR Auction Services, Inc. Reports First Quarter 2023 Financial Results •Total revenue increased 14% year-over-year •Significant increases in operating profit and income from continuing operations • |
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| April 21, 2023 |
KAR AUCTION SERVICES, INC. Notice of Annual Meeting and Proxy Statement Annual Meeting of Stockholders June 2, 2023April 21, 2023 Dear Fellow Stockholder: Thank you for your continued investment in and support of KAR Auction Services, Inc. d/b/a KAR Global (“KAR Global” or the “Company”). You are cordially invited to attend KAR Global’s 2023 annual meeting of stockholders, which will be hosted vir |
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| April 21, 2023 |
TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rul |
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| April 17, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): April 17, 2023 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissi |
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| April 17, 2023 |
Employment Agreement, dated April 17, 2023, between OPENLANE, Inc. and Brad S. Lakhia EX-10.1 2 exhibit101-employmentagree.htm EXHIBIT 10.1 - EMPLOYMENT AGREEMENT (LAKHIA) EXHIBIT 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated and effective April 17, 2023 (the “Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and Brad S. Lakhia (“Employee”). RECITALS A. Employer desires to employ Employee on the terms and condit |
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| April 17, 2023 |
EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE KAR Global Hires Brad Lakhia as Chief Financial Officer Strengthens Leadership Bench with More than 25 Years of Diverse Financial Expertise Carmel, Ind. – Apr. 17, 2023 – KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced the company has named Brad Lakhia E |
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| March 31, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): March 31, 2023 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissi |
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| March 31, 2023 |
EXHIBIT 99.1 PRESS RELEASE KAR Global Announces Retirement of Executive Chairman Jim Hallett Peter Kelly to Continue as CEO, Michael Kestner Named Chairman of the Board Carmel, Ind. – Mar. 31, 2023 – KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the retirement of executive chairman Jim Hallett. Hallett ret |
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| March 22, 2023 |
11299 N. Illinois Street Carmel, IN 46032 KAR Auction Services, Inc. 11299 N. Illinois Street Carmel, IN 46032 March 22, 2023 VIA EDGAR Aamira Chaudhry and Doug Jones Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, DC 20549 Re: KAR Auction Services, Inc. Form 10-K for Fiscal Year Ended December 31, 2021 Filed February 23, 2022 Form 10-Q for Fiscal Period Ended September 30, 2022 Filed Novemb |
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| March 22, 2023 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Amendment No.1) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 KAR Auction Se |
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| March 22, 2023 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Amendment No.1) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 KAR Auction Service |
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| March 22, 2023 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Amendment No.1) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 KAR Auction Servic |
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| March 9, 2023 |
Form of 2022 Restricted Stock Unit Award Agreement EXHIBIT 10.22 KAR Auction Services, Inc. AMENDED AND RESTATED 2009 OMNIBUS STOCK AND INCENTIVE PLAN RESTRICTED STOCK UNIT AGREEMENT 2022 AWARD THIS AGREEMENT (the “Agreement”) is made between KAR Auction Services, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”) pursuant to the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan (as may b |
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| March 9, 2023 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact name of |
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| March 9, 2023 |
EXHIBIT 10.8b August 1, 2022 Tack Iron, LLC Carmel, IN 46032 Attn: Tom Fisher Dear Tom: KAR Auction Services, Inc. (the “Company”) is pleased to engage Tack Iron, LLC (“Consultant”) to provide data center migration services. This engagement letter (“Engagement”) is entered into as of August 1, 2022 (“Effective Date”), pursuant to the Professional Services Agreement between the parties dated July 3 |
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| March 9, 2023 |
EXHIBIT 10.27 KAR Auction Services, Inc. AMENDED AND RESTATED 2009 OMNIBUS STOCK AND INCENTIVE PLAN PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT 2023 AWARD THIS AGREEMENT (the “Agreement”) is made between KAR Auction Services, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”) pursuant to the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incent |
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| March 9, 2023 |
Employment Agreement, dated March 9, 2020, between OPENLANE, Inc. and Sriram Subrahmanyam Exhibit 10.7a EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated and effective March 9, 2020 (the “Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and Sriram Subrahmanyam (“Employee”). RECITALS A. Employer desires to continue to employ Employee, and Employee desires to accept such continued employment, on the terms and conditions set f |
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| March 9, 2023 |
KAR Auction Services, Inc. Annual Incentive Program Summary of Terms 2023 Exhibit 10.10 KAR Auction Services, Inc. Annual Incentive Program Summary of Terms 2023 KAR Auction Services, Inc. Annual Incentive Program Summary of Terms The following is a summary of the 2023 KAR Auction Services, Inc. Annual Incentive Program (the “Program”) which is part of the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan (as may be amended from time |
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| March 9, 2023 |
Subsidiaries of KAR Auction Services, Inc. EXHIBIT 21.1 Subsidiaries of KAR Auction Services, Inc. The following is a list of subsidiaries of KAR Auction Services, Inc. (a Delaware corporation) as of December 31, 2022: Name State or Jurisdiction of Incorporation or Organization ADESA, Inc. Delaware ADESA Corporation, LLC Indiana ADESA Dealer Services, LLC Indiana ADESA Mexico, LLC Indiana AFC CAL, LLC California Automotive Finance Consumer |
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| March 9, 2023 |
EX-10.7B 4 exhibit107b-amendmentno1to.htm EXHIBIT 10.7B - AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT - SS Exhibit 10.7b AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT This Amendment No. 1 to Employment Agreement (this “Amendment”), effective as of May 9, 2022 (“Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and Sriram (“Srisu”) Subrahmanyam (“Employee”). RECITALS A. |
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| March 9, 2023 |
Letter Agreement, dated January 1, 2023, between KAR Auction Services, Inc. and Eric M. Loughmiller EXHIBIT 10.3b January 1, 2023 Dear Eric: This letter agreement (“Agreement”) is entered into as of January 1, 2023 (“Effective Date”), and confirms the terms of the agreement KAR Auction Services, Inc. (“KAR”) and Eric M. Loughmiller (“you”) have reached with respect to consulting services to assist KAR in the transition of the chief financial officer role. 1.Services. You will provide certain con |
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| March 7, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): March 1, 2023 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissio |
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| March 2, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING SEC File Number: 001-34568 CUSIP Number: 48238T109 (Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR For Period Ended: December 31, 2022 ☐ Transition Report on Form 10-K ☐ Transition Report on Form 20-F ☐ Transition Report on Form 11-K ☐ T |
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| February 21, 2023 |
EXHIBIT 99.2 KAR Auction Services, Inc. Q4 and YTD 2022 Supplemental Financial Information February 21, 2023 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They |
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| February 21, 2023 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Laurie Dippold (317) 249-4559 (317) 468-3900 [email protected] [email protected] KAR Auction Services, Inc. Reports 2022 Financial Results •Total revenue and gross profit increased for the quarter and year •Cost actions completed on schedule and contributed to a reduction in fou |
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| February 21, 2023 |
earningsslidedeckq42022- Q4 2022 & Annual Earnings Slides February 21, 2023 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| February 21, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): February 21, 2023 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commi |
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| February 14, 2023 |
KAR / KAR Auction Services Inc / SNYDER CAPITAL MANAGEMENT L P Passive Investment SC 13G 1 karauction13gdec2022.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) KAR Auction Services, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to design |
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| February 10, 2023 |
KAR / KAR Auction Services Inc / DIMENSIONAL FUND ADVISORS LP - SEC SCHEDULE 13G Passive Investment SC 13G 1 SEC13GFiling.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* KAR Auction Services Inc (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) December 30, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box t |
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| February 10, 2023 |
KAR / KAR Auction Services Inc / Burgundy Asset Management Ltd. - SC 13G/A Passive Investment SC 13G/A 1 d454147dsc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7)* KAR Auction Services, Inc. (Name of Issuer) Common (Title of Class of Securities) 48238T109 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to desig |
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| February 9, 2023 |
KAR / KAR Auction Services Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment SC 13G/A 1 tv01224-karauctionservicesin.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer: KAR Auction Services Inc. Title of Class of Securities: Common Stock CUSIP Number: 48238T109 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box |
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| February 8, 2023 |
KAR / KAR Auction Services Inc / Paradice Investment Management LLC Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. |
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| January 20, 2023 |
11299 N. Illinois Street Carmel, IN 46032 KAR Auction Services, Inc. 11299 N. Illinois Street Carmel, IN 46032 January 20, 2023 VIA EDGAR Aamira Chaudhry and Doug Jones Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, DC 20549 Re: KAR Auction Services, Inc. Form 10-K for Fiscal Year Ended December 31, 2021 Filed February 23, 2022 Form 10-Q for Fiscal Period Ended September 30, 2022 Filed Nove |
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| January 6, 2023 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): December 30, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commi |
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| November 2, 2022 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exac |
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| November 2, 2022 |
Exhibit 10.12 CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Copy SIXTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT BETWEEN AUTOMOTIVE FINANCE CANADA INC. - and - KAR AUCTION SERVICES, INC. - and - PRECIS |
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| November 2, 2022 |
EXHIBIT 10.25 KAR Auction Services, Inc. AMENDED AND RESTATED 2009 OMNIBUS STOCK AND INCENTIVE PLAN AMENDED AND RESTATED PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT 2022 AWARD THIS AMENDED AND RESTATED AGREEMENT (the ?Agreement?) is made between KAR Auction Services, Inc., a Delaware corporation (the ?Company?), and [NAME] (the ?Recipient?) pursuant to the KAR Auction Services, Inc. Amended |
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| November 2, 2022 |
Exhibit 10.11 CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. EXECUTION VERSION TENTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT dated as of September 28, 2022 among AFC FUNDING CORPORATION, as Seller, AUTOMOTIVE F |
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| November 2, 2022 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): November 1, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commis |
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| November 1, 2022 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): November 1, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commis |
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| November 1, 2022 |
Third Quarter 2022 Earnings Slides November 1, 2022 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| November 1, 2022 |
EXHIBIT 99.2 KAR Auction Services, Inc. Third Quarter 2022 Supplemental Financial Information November 1, 2022 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (?GAAP?). The |
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| November 1, 2022 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Jill Trudeau (317) 249-4559 (317) 796-0945 [email protected] [email protected] KAR Auction Services, Inc. Reports Third Quarter 2022 Financial Results ?Revenue, gross profit per vehicle sold, income from continuing operations and Adjusted EBITDA increased for the quarter despite a |
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| October 3, 2022 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): September 28, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Comm |
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| August 16, 2022 |
Financial Statements and Exhibits, Other Events UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 16, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commiss |
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| August 16, 2022 |
KAR Global Announces Early Results for Cash Tender Offer for Notes EXHIBIT 99.1 PRESS RELEASE KAR Global Announces Early Results for Cash Tender Offer for Notes Carmel, IN, August 16, 2022 ? KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR) (the ?Company?), today announced early results of its previously announced cash tender offer (the ?Tender Offer?) to purchase up to $600,000,000 principal amount of its 5.125% Senior Notes due 2025 (CUSIP Nos. 48238TAA7 |
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| August 3, 2022 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact nam |
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| August 2, 2022 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Jill Trudeau (317) 249-4559 (317) 796-0945 [email protected] [email protected] KAR Auction Services, Inc. Reports Second Quarter 2022 Financial Results •KAR completed the sale of its ADESA U.S. physical auction business to Carvana and is using the proceeds to reduce debt •The comp |
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| August 2, 2022 |
Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 2, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissi |
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| August 2, 2022 |
KAR Global Announces Cash Tender Offer for Notes EXHIBIT 99.4 PRESS RELEASE KAR Global Announces Cash Tender Offer for Notes Carmel, IN, August 2, 2022 — KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR) (the “Company”), today announced that it commenced a cash tender offer (the “Tender Offer”) to purchase its 5.125% Senior Notes due 2025 (CUSIP Nos. 48238TAA7 / U24457AA8) (the “Notes”) in a principal amount of up to $600,000,000, exclusi |
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| August 2, 2022 |
Second Quarter 2022 Earnings Slides August 2, 2022 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| August 2, 2022 |
EXHIBIT 99.2 KAR Auction Services, Inc. Second Quarter 2022 Supplemental Financial Information August 2, 2022 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). They |
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| June 14, 2022 |
Regulation FD Disclosure, Financial Statements and Exhibits UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 14, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissio |
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| June 14, 2022 |
Investor Update K A R G L O B A L // June 14, 2022 2 K A R G L O B A L | I N V E S T O R U P D A T E Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| June 2, 2022 |
Submission of Matters to a Vote of Security Holders UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 2, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| May 10, 2022 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 9, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| May 10, 2022 |
KAR Auction Services, Inc. Unaudited Pro Forma Consolidated Financial Information EXHIBIT 99.2 KAR Auction Services, Inc. Unaudited Pro Forma Consolidated Financial Information On May 9, 2022, KAR Auction Services, Inc. ("KAR" or the "Company") completed the sale of its ADESA U.S. physical auction business (the "Sale"). The Sale was consummated pursuant to the Securities and Asset Purchase Agreement entered into on February 24, 2022 with Carvana Group, LLC ("Carvana") and Carva |
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| May 10, 2022 |
KAR Global Completes Sale of ADESA US Physical Auction Business to Carvana EXHIBIT 99.1 PRESS RELEASE KAR Global Completes Sale of ADESA US Physical Auction Business to Carvana CARMEL, Ind.? May 10, 2022 ? KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading provider of digital marketplace solutions for used vehicles, successfully completed its sale of the ADESA U.S. physical auction business to Carvana. The sale, originally announced in February, include |
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| May 4, 2022 |
Employment Agreement dated September 4, 2020, between KAR Auction Services, Inc. and Justin Davis Exhibit 10.7 Execution Version EMPLOYMENT AGREEMENT This Employment Agreement (this ?Agreement?) is made and entered into on the 4th day of September, 2020 by and between KAR Auction Services, Inc., a Delaware corporation (?Employer?), together with its parents, affiliates and subsidiaries, successors and assigns (collectively, the ?Company?) and Justin Davis (?Employee?). The Company is an intend |
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| May 4, 2022 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact na |
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| May 3, 2022 |
First Quarter 2022 Earnings Slides May 3, 2022 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| May 3, 2022 |
EXHIBIT 99.2 KAR Auction Services, Inc. First Quarter 2022 Supplemental Financial Information May 3, 2022 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (?GAAP?). They are |
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| May 3, 2022 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 3, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| May 3, 2022 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Jill Trudeau (317) 249-4559 (317) 796-0945 [email protected] [email protected] KAR Auction Services, Inc. Reports First Quarter 2022 Financial Results ?KAR expects to close the transaction selling its ADESA U.S. physical auction business to Carvana, with the proceeds expected to r |
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| April 22, 2022 | ||
| April 22, 2022 |
TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.?????) Filed by the Registrant?? Filed by a Party other than the Registrant?? Check the appropriate box: ? Preliminary Proxy Statement ? ? Confidential, for Use of the Commission Only (as permitted by R |
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| March 11, 2022 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): March 7, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissio |
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| February 24, 2022 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): February 24, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commi |
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| February 24, 2022 |
Exhibit 2.1 SECURITIES AND ASSET PURCHASE AGREEMENT by and among KAR AUCTION SERVICES, INC. CARVANA GROUP, LLC and CARVANA CO. solely for purposes of Section 10.15, as the Guarantor Dated as of February 24, 2022 Table of Contents Page Article 1 Sale and Purchase of Equity Interests Section 1.1 Closing 1 Section 1.2 Purchase Price 2 Section 1.3 Specified Consents 5 Section 1.4 Withholding 6 Article |
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| February 24, 2022 |
// February 2022 Investor Presentation KAR AUCTION SERVICES, INC. Exhibit 99.2 // February 2022 Investor Presentation KAR AUCTION SERVICES, INC. 2 Forward - Looking Statements Certain statements contained in this presentation include, and KAR may make related oral, ?forward - looking statements? within th e meaning of the Private Securities Litigation Reform Act of 1995 and which are subject to certain risks, trends and uncertainties. In particular, statements m |
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| February 24, 2022 |
Exhibit 99.1 PRESS RELEASE KAR Global Agrees to $2.2 Billion Sale of ADESA US Physical Auction Business to Carvana Transaction to advance digital strategy, accelerate growth and enhance financial profile CARMEL, Ind. ? Feb. 24, 2022 ? KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading digital marketplace platform for wholesale used vehicles, has reached a definitive agreement pur |
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| February 23, 2022 |
Amendment No. 1 to Fifth Amended and Restated Receivables Purchase Agreement, dated November 5, 2021 EXHIBIT 10.11b CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Copy AMENDMENT NO. 1 TO FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT THIS AMENDMENT NO. 1 to FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEM |
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| February 23, 2022 |
Employment Agreement, dated October 26, 2021, between KAR Auction Services, Inc. and James Coyle Exhibit 10.6 EMPLOYMENT AGREEMENT This Employment Agreement (this ?Agreement?), dated and effective October 26, 2021 (the ?Effective Date?), is entered into by and between KAR Auction Services, Inc. (?Employer?) and James Coyle (?Employee?). RECITALS A. Employer desires to employ Employee on the terms and conditions set forth in this Agreement. B. Employee desires to accept such employment. AGREEM |
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| February 23, 2022 |
EXHIBIT 10.11d CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Version AMENDMENT NO. 3 TO FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT THIS AMENDMENT NO. 3 to FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGR |
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| February 23, 2022 |
Amendment No. 1 to Ninth Amended and Restated Receivables Purchase Agreement, dated November 5, 2021 EXHIBIT 10.10b CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Version AMENDMENT NO. 1 TO NINTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT THIS AMENDMENT NO. 1 to NINTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGR |
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| February 23, 2022 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact name of |
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| February 23, 2022 |
Subsidiaries of KAR Auction Services, Inc. EXHIBIT 21.1 Subsidiaries of KAR Auction Services, Inc. The following is a list of subsidiaries of KAR Auction Services, Inc. (a Delaware corporation) as of December 31, 2021: Name State or Jurisdiction of Incorporation or Organization ADESA, Inc. Delaware ADESA Corporation, LLC Indiana A.D.E. of Ark-La-Tex, Inc. Louisiana A.D.E. of Knoxville, LLC Tennessee ADESA Ark-La-Tex, LLC Louisiana ADESA Ar |
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| February 23, 2022 |
EXHIBIT 10.11c Execution Version AMENDMENT NO. 2 TO FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT THIS AMENDMENT NO. 2 to FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this ?Amendment?), dated as of December 31, 2021, is entered into among AUTOMOTIVE FINANCE CANADA INC., a corporation incorporated under the laws of the Province of Ontario (the ?Seller? and the initial ?Ser |
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| February 23, 2022 |
KAR Auction Services, Inc. Annual Incentive Program Summary of Terms 2022 Exhibit 10.8 KAR Auction Services, Inc. Annual Incentive Program Summary of Terms 2022 KAR Auction Services, Inc. Annual Incentive Program Summary of Terms The following is a summary of the 2022 KAR Auction Services, Inc. Annual Incentive Program (the ?Program?) which is part of the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan (as may be amended from time t |
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| February 16, 2022 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): February 16, 2022 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commi |
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| February 16, 2022 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Jill Trudeau (317) 249-4559 (317) 796-0945 [email protected] [email protected] KAR Auction Services, Inc. Reports 2021 Financial Results ?KAR reported increased revenue and operating adjusted net income per share for 2021, driven by strong gross profit per unit and lower selling, |
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| February 16, 2022 |
EXHIBIT 99.2 KAR Auction Services, Inc. Q4 and YTD 2021 Supplemental Financial Information February 16, 2022 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (?GAAP?). They |
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| February 16, 2022 |
Q4 2021 & Annual Earnings Slides February 16, 2022 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| February 14, 2022 |
KAR / KAR Auction Services Inc / SNYDER CAPITAL MANAGEMENT L P Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) KAR Auction Services, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which thi |
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| February 14, 2022 |
LOTZ / CarLotz, Inc. Class A / KAR Auction Services, Inc. - SC 13G/A Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* CARLOTZ, INC. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 1142552108 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the |
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| February 11, 2022 |
KAR / KAR Auction Services Inc / HARTFORD MUTUAL FUNDS INC/CT - SC 13G Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* KAR Auction Services Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) 12/31/2021 (Date of Event Wh |
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| February 10, 2022 |
KAR / KAR Auction Services Inc / Paradice Investment Management LLC Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. |
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| January 10, 2022 |
KAR / KAR Auction Services Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer: KAR Auction Services Inc. Title of Class of Securities: Common Stock CUSIP Number: 48238T109 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is fi |
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| November 3, 2021 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exac |
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| November 2, 2021 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Jill Trudeau (317) 249-4559 (317) 796-0945 [email protected] [email protected] KAR Auction Services, Inc. Reports Third Quarter 2021 Financial Results Sanjeev Mehra Elected to Board of Directors ?Revenue was impacted by lower volumes throughout the wholesale remarketing industry ? |
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| November 2, 2021 |
EXHIBIT 99.2 KAR Auction Services, Inc. Third Quarter 2021 Supplemental Financial Information November 2, 2021 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (?GAAP?). The |
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| November 2, 2021 |
Third Quarter 2021 Earnings Slides November 2, 2021 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| November 2, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): October 27, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commis |
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| October 14, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): October 14, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commis |
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| October 14, 2021 |
KAR Global Completes Acquisition of CARWAVE PRESS RELEASE KAR Global Completes Acquisition of CARWAVE CARMEL, Ind. ? Oct. 14, 2021 ? KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, has completed the acquisition of CARWAVE Holdings LLC (?CARWAVE?) for $450 million in cash. The acquisition builds on KAR?s fast growth in the dealer-to-dealer segment, accelerates |
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| October 8, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4 )* KAR Auction Services, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) September 30, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which |
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| September 20, 2021 |
EXHIBIT 99.1 PRESS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Tobin Richer (317) 249-4559 (317) 665-0366 [email protected] [email protected] KAR Global to Host Financial Update Conference Call Monday, September 20th and Analyst Day Event on Tuesday, September 21st Company Withdraws FY21 Guidance and Introduces Long-Term Targets Carmel, Ind. ? S |
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| September 20, 2021 |
Regulation FD Disclosure, Financial Statements and Exhibits UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): September 20, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Comm |
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| September 20, 2021 |
EX-99.2 3 a092021conferencecallsli.htm EXHIBIT 99.2 - CONFERENCE CALL SLIDES // September 20, 2021 Conference Call K A R A U C T I O N S E R V I C E S , I N C . 2 Forward-Looking Statements This document includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. In particular, statements made in this document that are not historical facts ( |
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| August 23, 2021 |
Exhibit 2.1 CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Version SECURITIES PURCHASE AGREEMENT by and among ADESA, INC., CARWAVE HOLDINGS LLC, the Sellers identified herein and KKR CHEVY AGGREGATOR L.P., in its role as S |
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| August 23, 2021 |
Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 20, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commiss |
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| August 23, 2021 |
KAR to Accelerate Dealer-to-Dealer Growth, Profitability Through Acquisition of CARWAVE Exhibit 99.1 PRESS RELEASE KAR to Accelerate Dealer-to-Dealer Growth, Profitability Through Acquisition of CARWAVE ? Proposed transaction will complement KAR?s dealer-to-dealer offerings with a leading platform in California ? the nation?s largest automotive market ? With the addition of CARWAVE?s scale and financial performance, KAR expects to be immediately profitable across its North American d |
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| August 4, 2021 |
LOTZ / CarLotz, Inc. Class A / KAR Auction Services, Inc. - SC 13G Passive Investment UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* CARLOTZ, INC. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 1142552108 (CUSIP Number) January 21, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the r |
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| August 4, 2021 |
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact nam |
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| August 3, 2021 |
Second Quarter 2021 Earnings Slides August 3, 2021 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| August 3, 2021 |
EXHIBIT 99.2 KAR Auction Services, Inc. Second Quarter 2021 Supplemental Financial Information August 3, 2021 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (?GAAP?). They |
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| August 3, 2021 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Tobin Richer (317) 249-4559 (317) 249-4521 [email protected] [email protected] KAR Auction Services, Inc. Reports Second Quarter 2021 Financial Results ?Second quarter total revenue of $585.4 million, up 40% year-over-year ?GAAP net income of $11.5 million, up from a GAAP net loss |
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| August 3, 2021 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 3, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissi |
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| June 9, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 )* KAR Auction Services, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) May 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this |
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| June 7, 2021 |
Submission of Matters to a Vote of Security Holders UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): June 4, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| June 4, 2021 |
As filed with the Securities and Exchange Commission on June 4, 2021 As filed with the Securities and Exchange Commission on June 4, 2021 Registration No. |
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| May 5, 2021 |
Quarterly Report - FORM 10-Q - MARCH 31, 2021 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact na |
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| May 4, 2021 |
EXHIBIT 99.4 PRESS RELEASE FOR IMMEDIATE RELEASE KAR Global Bolsters Digital Marketplaces With Acquisition of Auction Frontier Velocicast? Technology Fortifies Simulcast Capabilities and Enhances Customer Experience CARMEL, Ind. ? May 4, 2021 ? KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the acquisition |
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| May 4, 2021 |
First Quarter 2021 Earnings Slides May 4, 2021 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| May 4, 2021 |
EXHIBIT 99.2 KAR Auction Services, Inc. First Quarter 2021 Supplemental Financial Information May 4, 2021 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (?GAAP?). They are |
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| May 4, 2021 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Tobin Richer (317) 249-4559 (317) 249-4521 [email protected] [email protected] KAR Auction Services, Inc. Reports First Quarter 2021 Financial Results Carmel, IN, May 4, 2021 ? KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the perio |
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| May 4, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 4, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commission |
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| April 23, 2021 |
Use these links to rapidly review the document TABLE OF CONTENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. |
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| April 23, 2021 |
COURTESY PDF OF PROXY STATEMENT 12APR202019541630 28MAR201223475050 11APR202100482501 12APR202019535941 April 23, 2021 Dear Fellow Stockholder: Thank you for your continued investment in and support of KAR Auction Services, Inc. |
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| March 2, 2021 |
Employment Agreement, dated March 1, 2021, between KAR Auction Services, Inc. and James P. Hallett Exhibit 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (this ?Agreement?), dated March 1, 2021 and effective April 1, 2021 (the ?Effective Date?), is entered into by and between KAR Auction Services, Inc. (?Employer?) and James P. Hallett (?Employee?). RECITALS A. Employer desires to continue to employ Employee, and Employee desires to accept such continued employment, on the terms and condit |
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| March 2, 2021 |
Exhibit 99.2 TO OUR STOCKHOLDERS I opened my first auction in Ottawa, Canada in 1990 with a simple goal?to help my fellow dealers buy and sell used vehicles. Back then we hand-wrote every contract?and didn?t have a single computer on site. Our world and our industry have changed a lot since then, but as I look across the broad landscape of what KAR has become, my goal has never changed. With nearl |
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| March 2, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): March 1, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commissio |
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| March 2, 2021 |
EX-99.1 4 exhibit991-hallettkellyann.htm EXHIBIT 99.1 - PRESS RELEASE DATED MARCH 2, 2021 Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE Peter Kelly to Lead KAR Global as Chief Executive Officer Jim Hallett Will Serve as Executive Chairman After Transition of Management Responsibilities CARMEL, Ind. – Mar. 2, 2021 – KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of d |
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| March 2, 2021 |
Exhibit 10.2 AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT This Amendment No. 1 to Employment Agreement (this ?Amendment?), dated March 1, 2021 and effective April 1, 2021 (?Effective Date?), is entered into by and between KAR Auction Services, Inc. (?Employer?) and Peter J. Kelly (?Employee?). RECITALS A.Employer desires for Employee to serve as the Chief Executive Officer of Employer, effective as of |
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| February 18, 2021 |
Annual Report - FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2020 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact name of |
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| February 18, 2021 |
Subsidiaries of KAR Auction Services, Inc. EXHIBIT 21.1 Subsidiaries of KAR Auction Services, Inc. The following is a list of subsidiaries of KAR Auction Services, Inc. (a Delaware corporation) as of December 31, 2020: Name State or Jurisdiction of Incorporation or Organization ADESA, Inc. Delaware ADESA Corporation, LLC Indiana A.D.E. of Ark-La-Tex, Inc. Louisiana A.D.E. of Knoxville, LLC Tennessee ADESA Ark-La-Tex, LLC Louisiana ADESA Ar |
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| February 18, 2021 |
Form of Non-Qualified Stock Option Award Agreement Exhibit 10.30 KAR AUCTION SERVICES, INC. 2009 OMNIBUS STOCK AND INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AWARD AGREEMENT This Non-Qualified Stock Option Award Agreement (this ?Award Agreement?), dated as of [?] (the ?Grant Date?), is made by and between KAR Auction Services, Inc., a Delaware corporation (the ?Company?), and [?] (the ?Recipient?). 1.Definitions. Any capitalized term that is used b |
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| February 18, 2021 |
Exhibit 10.1e TECHNICAL AMENDMENT This TECHNICAL AMENDMENT, dated as of May 28, 2020 (this ?Agreement?), is entered into by and between KAR AUCTION SERVICES, INC., a Delaware corporation (the ?Borrower?) and JPMORGAN CHASE BANK, N.A., as administrative agent (the ?Administrative Agent?). PRELIMINARY STATEMENTS WHEREAS, reference is made to the Amended and Restated Credit Agreement, dated as of Mar |
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| February 18, 2021 |
EX-10.37B 6 exhibit1037b-assignmentand.htm EXHIBIT 10.37B - ASSIGNMENT AND ASSUMPTION AGREEMENT Exhibit 10.37b ASSIGNMENT AND ASSUMPTION AGREEMENT ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) dated as of June 9, 2020 by and between Periphas Capital GP, LLC, a Delaware limited liability company (the “Assignor”), and Periphas Kanga Holdings, LP, a Delaware limited partnership (the “Assigne |
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| February 18, 2021 |
As filed with the Securities and Exchange Commission on February 18, 2021 Registration No. |
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| February 18, 2021 |
Employment Agreement, dated March 9, 2020, between KAR Auction Services, Inc. and Thomas J. Fisher EX-10.6 3 exhibit106-employmentagree.htm EXHIBIT 10.6 - EMPLOYMENT AGREEMENT Exhibit 10.6 EMPLOYMENT AGREEMENT This Employment Agreement (this “Agreement”), dated and effective March 9, 2020 (the “Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and Thomas J. Fisher (“Employee”). RECITALS A. Employer desires to continue to employ Employee, and Employee desir |
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| February 18, 2021 |
KAR Auction Services, Inc. Annual Incentive Program Summary of Terms 2021 EX-10.8 4 exhibit108-aipsummaryofter.htm EXHIBIT 10.8 - AIP SUMMARY OF TERMS 2021 Exhibit 10.8 KAR Auction Services, Inc. Annual Incentive Program Summary of Terms 2021 KAR Auction Services, Inc. Annual Incentive Program Summary of Terms The following is a summary of the 2021 KAR Auction Services, Inc. Annual Incentive Program (the “Program”) which is part of the KAR Auction Services, Inc. 2009 Om |
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| February 16, 2021 |
Financial Statements and Exhibits, Results of Operations and Financial Condition UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): February 16, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commi |
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| February 16, 2021 |
EXHIBIT 99.1 EARNINGS RELEASE For Immediate Release Analyst Inquiries: Media Inquiries: Mike Eliason Tobin Richer (317) 249-4559 (317) 249-4521 [email protected] [email protected] KAR Auction Services, Inc. Reports 2020 Financial Results Carmel, IN, February 16, 2021 — KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended |
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| February 16, 2021 |
Q4 2020 & Annual Earnings Slides February 16, 2021 2 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. |
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| February 16, 2021 |
EXHIBIT 99.2 KAR Auction Services, Inc. Q4 and YTD 2020 Supplemental Financial Information February 16, 2021 KAR Auction Services, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (?GAAP?). They |
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| February 16, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. |
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| February 10, 2021 |
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 8)* Name of issuer: KAR Auction Services Inc. Title of Class of Securities: Common Stock CUSIP Number: 48238T109 Date of Event Which Requires Filing of this Statement: December 31, 2020 Check the appropriate box to designate the rule pursuant to which this Schedule is fi |
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| February 9, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* KAR Auction Services Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) 12/31/2020 (Date of Event Wh |
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| February 8, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): February 3, 2021 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commis |
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| February 4, 2021 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 )* KAR Auction Services, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 48238T109 (CUSIP Number) December 31, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which |
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| November 13, 2020 |
- FORM S-8 - REGISTER ADDITIONAL ESPP SHARES As filed with the Securities and Exchange Commission on November 13, 2020 Registration No. |
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| November 12, 2020 |
EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE KAR Completes Acquisition of BacklotCars Accelerated Integration to Deliver Enhanced Digital Dealer-to-Dealer Offering CARMEL, Ind. ? Nov. 12, 2020 ? KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR) has completed the acquisition of BacklotCars, Inc. The addition of BacklotCars supplements the company?s suite of leading digital marketplaces, |
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| November 12, 2020 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): November 12, 2020 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 001-34568 20-8744739 (State or other jurisdiction of incorporation) (Commi |
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| November 4, 2020 |
Quarterly Report - FORM 10-Q - SEPTEMBER 30, 2020 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exac |
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| November 4, 2020 |
Exhibit 10.16 CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Copy FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT BETWEEN AUTOMOTIVE FINANCE CANADA INC. - and - KAR AUCTION SERVICES, INC. - and - PRECISION TRUST |
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| November 4, 2020 |
Exhibit 10.15 CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [**] INDICATES THAT INFORMATION HAS BEEN REDACTED. Execution Version NINTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT dated as of September 29, 2020 among AFC FUNDING CORPORATION, as Seller, AUTOMOTIVE FINANCE COR |
