Item 2.02 Results of Operations and Financial Condition.
On May 4, 2021, KAR Auction Services, Inc. ("KAR") issued a press release
announcing its financial results for the three months ended March 31, 2021. KAR
will host an earnings conference call and webcast, Wednesday, May 5, 2021 at
8:30 a.m, Eastern Daylight Time. The conference call may be accessed by calling
1-844-778-4145 and entering participant code 8388224 and the live webcast may be
accessed at the investors section of www.karglobal.com. The call will be hosted
by KAR's Executive Chairman, Jim Hallett, Chief Executive Officer, Peter Kelly
and Executive Vice President and Chief Financial Officer, Eric Loughmiller. The
call will feature a review of operating highlights and financial results for the
three months ended March 31, 2021. The press release dated May 4, 2021 is
attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated
herein by reference in its entirety.
On May 4, 2021, KAR also posted supplemental financial information for the three
months ended March 31, 2021, and Earnings Slides for the three months ended
March 31, 2021. The supplemental financial information and Earnings Slides can
be located at the investors section of www.karglobal.com. The supplemental
financial information and Earnings Slides posted on May 4, 2021 are attached to
this Current Report on Form 8-K as Exhibits 99.2 and 99.3, respectively, and are
incorporated herein by reference in their entirety.
Item 7.01 Regulation FD Disclosure.
On May 4, 2021, KAR issued a press release (the "Press Release") announcing that
ADESA, Inc. has acquired Auction Frontier, LLC and its auction simulcast
solution Velocicast®. A copy of the Press Release is attached hereto as Exhibit
99.4 and is incorporated herein by reference.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
EXHIBIT NO. DESCRIPTION OF EXHIBIT
99.1 Press release dated May 4 , 2021 - "KAR Auction
Services, Inc. Reports First Quarter 202 1 Financial Results"
99.2 KAR Auction Services, Inc. First Quarter 202 1
Supplemental Financial Information - May 4 , 2021
99.3 KAR Auction Services, Inc. First Quarter 2021 Earnings
Slides - May 4 , 2021
99.4 Pres s release dated May 4, 2021 - " KAR Global
Bolsters Digital Marketplaces With Acquisition of Auction Frontier "
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document.
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