KAR Auction Services, Inc. (NYSE:KAR) Files An 8-K Submission of Matters to a Vote of Security Holders

KAR Auction Services, Inc. (NYSE:KAR) Files An 8-K Submission of Matters to a Vote of Security Holders

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Item 5.07 Submission of Matters to a Vote of Security Holders.

(a)
The annual meeting of stockholders of KAR Auction Services,
Inc. (the Company) was held on June 5, 2017 (Annual
Meeting).
(b)
At the Annual Meeting, the stockholders:
elected all nine nominees for director to the Companys
Board of Directors;
approved, on an advisory basis, executive compensation;
approved, on an advisory basis, having an advisory vote
on executive compensation every year; and
ratified the appointment of KPMG LLP as the Companys
independent registered public accounting firm for the
fiscal year 2017.
The following are the final voting results for each of the four
items voted on at the Annual Meeting.
1.
Election of Directors:>
NAME
FOR
AGAINST
ABSTAIN
BROKER
NON VOTES
Todd F. Bourell
124,692,265
264,466
47,739
4,288,086
Donna R. Ecton
124,747,520
197,791
59,159
4,288,086
James P. Hallett
121,894,032
1,404,233
1,706,205
4,288,086
Mark E. Hill
124,683,172
274,263
47,035
4,288,086
J. Mark Howell
124,759,558
197,266
47,646
4,288,086
Lynn Jolliffe
124,691,405
265,543
47,522
4,288,086
Michael T. Kestner
124,759,142
197,081
48,247
4,288,086
John P. Larson
124,759,741
196,576
48,153
4,288,086
Stephen E. Smith
124,691,276
265,488
47,706
4,288,086
2.Advisory Vote on Executive Compensation:

FOR
AGAINST
ABSTAIN
BROKER NON VOTES
122,058,831
2,782,009
163,630
4,288,086
3.
Advisory Vote on Frequency of Advisory Vote on Executive
Compensation:
1 YEAR
2 YEARS
3 YEARS
ABSTAIN
BROKER
NON VOTES
118,745,369
7,017
6,192,441
59,643
4,288,086
4.
Ratification of Appointment of KPMG LLP:
FOR
AGAINST
ABSTAIN
128,924,235
322,645
45,676
(c)
Not applicable.
(d)
At a meeting held immediately after the Annual Meeting, the
Board of Directors reviewed the voting results for the
Annual Meeting. Based on that review, the Board determined,
until the next required vote on the frequency of
stockholder votes on executive compensation, to hold the
advisory stockholder vote on executive compensation every
year.


About KAR Auction Services, Inc. (NYSE:KAR)

KAR Auction Services, Inc. is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc. (ADESA Auctions), Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). The ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. The Company operates as IAA in the United States and Impact Auto Auctions in Canada. The AFC segment is a provider of floorplan financing to independent used vehicle dealers. It facilitates a marketplace by providing auction services for sellers of used, or whole car, vehicles and salvage vehicles through its approximately 240 physical auction locations, and multiple Internet venues. The Company facilitates the sale of over 4.4 million used and salvage vehicles.

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