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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 Names Itunu Orelaru Head of Investor Relations • PR Newswire (US) • 07/17/2024 12:00:00 PM
- OPENLANE Announces Board Appointment with 20+ Years Founding and Leading Tech Innovators • PR Newswire (US) • 06/20/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 01:40:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 01:40:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 01:40:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 01:39:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 11:40:40 AM
- OPENLANE Empowers US Dealers With Faster Vehicle Wholesaling • PR Newswire (US) • 06/04/2024 12:15:00 PM
- Anabranch Capital Management beabsichtigt Ablehnung des Angebots von Forseti III AB an die Aktionäre der Karnov Group AB • Business Wire • 05/17/2024 01:53:00 AM
- Anabranch Capital Management intende respingere l'offerta di Forseti III AB agli azionisti di Karnov Group AB • Business Wire • 05/16/2024 11:07:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:20:16 PM
- Anabranch Capital Management a l’intention de rejeter l’offre de Forseti III AB aux actionnaires de Karnov Group AB • Business Wire • 05/16/2024 08:58:00 PM
- Anabranch Capital Management intends to reject Forseti III AB’s offer to the shareholders of Karnov Group AB • Business Wire • 05/16/2024 04:19:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/15/2024 02:02:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:09:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:08:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:08:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:08:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:07:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:07:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:06:43 PM
- 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
FEATURED Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM
HealthLynked Expands Telemedicine Nationwide • HLYK • Jul 17, 2024 8:00 AM
Peer To Peer Network aka Mobicard™ Launches AI Investor Chatbot Boosting Engagement & Lead Generation on Ihub • PTOP • Jul 15, 2024 8:30 AM
Greenlite Ventures Announces AI Integration into No Limit Platforms • GRNL • Jul 15, 2024 8:00 AM