TrueCar, Inc. (NASDAQ:TRUE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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TrueCar, Inc. (NASDAQ:TRUE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;>Compensatory Arrangements of Certain Officers.

On May 17, 2017, the Compensation Committee of the Company’s Board of Directors approved a quarterly bonus of $50,000 to Neeraj Gunsagar, the Company’s Chief Marketing Officer.

About TrueCar, Inc. (NASDAQ:TRUE)

TrueCar, Inc. offers a diverse software ecosystem for buying cars. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. The Company operates its platform on the TrueCar Website and its branded mobile experience. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for enterprises. Its network of approximately 11,000 TrueCar Certified Dealers consists primarily of new car franchises, as well as independent dealers selling used vehicles. Its subsidiary, ALG, Inc., provides forecasts and consulting services regarding determination of the residual value of an automobile at given future points in time. It obtains automobile purchase data from various sources and uses this data to provide consumers and dealers with geographically specific, real-time pricing information.

TrueCar, Inc. (NASDAQ:TRUE) Recent Trading Information

TrueCar, Inc. (NASDAQ:TRUE) closed its last trading session down -0.03 at 17.51 with 2,187,187 shares trading hands.

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