Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 1, 2022, Eric M. Loughmiller, the Company's Executive Vice President and Chief Financial Officer, notified KAR Auction Services, Inc. (the "Company") of his intent to retire as the Company's Executive Vice President and Chief Financial Officer in January 2023. Once a successor has been identified and appointed, the Company currently expects Mr. Loughmiller to serve in an advisory role for a period of time following his retirement to ensure a smooth transition.

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