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 OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers;Compensatory Arrangements of Certain Officers.
On March 1, 2018, the Compensation and Workforce Committee (the "Committee") of TrueCar, Inc.'s Board of Directors approved discretionarybonusesrelated to the fourth quarter of 2017 to Chip Perry, Chief ExecutiveOfficer, John Pierantoni, Interim Chief Financial Officer, Neeraj Gunsagar, Chief Marketing Officer, and Michael Guthrie, former Chief Financial Officer, of $195,488, $34,210, $48,872 and $61,090, respectively.
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.