Friday, April 05, 2019 11:29:10 AM
In March 2019 - Made a public announcement that they are using analytical data to lay off workers, which they did. Included in those layoffs were individuals with more than 22 years’ service about to retire.
Eric M. Loughmiller - VP/CFO made an announcement in the last investor conference call that stated, "very focused on trying to process more transactions with fewer people in the future or not more people". It seems the deteriorating stock price and a new $80 Million Dollar Building which is apparently more important than the employees that have tenure with the company.
If you research the comments on the hiring websites, they are getting horrible reviews for the culture.
Another SEC document states that currently the Environmental Protection Agency (EPA) is investigating the (IAA) - Insurance Auto Auctions which is an entity that they are trying to spin off from KAR. It's estimated to take an approximate 7 years to clean up.
In the recent SEC documentation, the five top officers in the company are making combined incomes with stock and other incentives more than $10 Million Annually.
All of this information is public information on www.SEC.Gov and Reviews of the company by other former employees on the net.
Recent KAR News
- OPENLANE Announces Participation in Upcoming Investor Conference • PR Newswire (US) • 05/09/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 09:45:03 PM
- OPENLANE, Inc. Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/01/2024 08:10:00 PM
- OPENLANE to Announce First Quarter 2024 Earnings • PR Newswire (US) • 04/16/2024 08:15:00 PM
- OPENLANE Announces Participation in Upcoming Investor Conference • PR Newswire (US) • 03/14/2024 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 03:03:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 01:55:20 PM
- OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations • PR Newswire (US) • 02/27/2024 01:15:00 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 02/22/2024 04:35:21 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/21/2024 10:15:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 09:16:01 PM
- OPENLANE, Inc. Reports 2023 Financial Results • PR Newswire (US) • 02/20/2024 09:15:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 04:30:33 PM
- OPENLANE Promotes Will Mitchell to Lead AFC • PR Newswire (US) • 02/13/2024 09:15:00 PM
- OPENLANE to Announce Fourth Quarter and Full Year 2023 Earnings • PR Newswire (US) • 02/07/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 10:11:47 PM
- OPENLANE Launches Visual Boost AI™ to Pinpoint Vehicle Damage • PR Newswire (US) • 01/03/2024 01:00:00 PM
- OPENLANE Announces Planned Retirement of AFC President Jim Money • PR Newswire (US) • 12/14/2023 04:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 11:47:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 11:29:21 PM
- OPENLANE to Acquire Manheim Canada • PR Newswire (US) • 12/04/2023 09:10:00 PM
- OPENLANE Announces Participation in Upcoming Investor Conference • PR Newswire (US) • 11/22/2023 09:15:00 PM
- OPENLANE Launches US Marketplace Combining BacklotCars and Exclusive Off-Lease Inventory • PR Newswire (US) • 11/20/2023 01:30:00 PM
- OPENLANE Announces Participation in Upcoming Investor Conferences • PR Newswire (US) • 11/10/2023 12:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/01/2023 08:15:44 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM