People: KAR Auction Services Inc (KAR.N)
KAR.N on New York Stock Exchange
25.91USD
1:39pm EDT
25.91USD
1:39pm EDT
Price Change (% chg)
$-0.09 (-0.35%)
$-0.09 (-0.35%)
Prev Close
$26.00
$26.00
Open
$25.92
$25.92
Day's High
$26.01
$26.01
Day's Low
$25.80
$25.80
Volume
37,924
37,924
Avg. Vol
181,806
181,806
52-wk High
$26.07
$26.07
52-wk Low
$14.10
$14.10
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Brian Clingen |
53 | 2009 | Chairman of the Board |
James Hallett |
59 | 2009 | Chief Executive Officer, Director |
Eric Loughmiller |
53 | 2007 | Chief Financial Officer, Executive Vice President |
Thomas O'Brien |
59 | 2011 | Chief Executive Officer of Insurance Auto Auctions, Inc., Director |
Thomas Caruso |
53 | 2009 | President, Chief Executive Officer of ADESA, Inc. |
Don Gottwald |
46 | 2009 | President and Chief Executive Officer of Automotive Finance Corporation |
Rebecca Polak |
42 | 2007 | Executive Vice President, General Counsel, Secretary |
Lisa Price |
2013 | Executive Vice President - Human Resources | |
Warren Byrd |
50 | 2010 | Executive Vice President - Corporate Development and Real Estate |
Benjamin Skuy |
50 | 2009 | Executive Vice President - International Markets and Strategic Initiatives |
David Vignes |
50 | 2009 | Executive Vice President - Enterprise Optimization |
Peter Kelly |
44 | 2013 | Chief Technology Officer |
David Ament |
37 | 2007 | Director |
Michael Goldberg |
65 | 2009 | Director |
Church Moore |
39 | 2007 | Director |
Kelly Barlow |
44 | 2011 | Independent Director |
Thomas Carella |
2007 | Independent Director | |
Robert Finlayson |
61 | 2009 | Independent Director |
Peter Formanek |
68 | 2009 | Independent Director |
Sanjeev Mehra |
53 | 2007 | Independent Director |
Gregory Spivy |
44 | 2007 | Independent Director |
Jonathan Ward |
58 | 2009 | Independent Director |
Michael Eliason |
Vice President - Financial Planning and Analysis |
Biographies
| Name | Description |
|---|---|
Brian Clingen |
Mr. Brian T. Clingen is Chairman of the Board of KAR Auction Services, Inc., since April 2007. Mr. Clingen also served as Chief Executive Officer between April 2007 and September 2009. Mr. Clingen has served as a managing partner of BP Capital Management since 1998. Established in 1998, BP Capital Management manages private equity investments principally in the service and finance sectors. Prior to founding BP Capital Management, Mr. Clingen was Chief Financial Officer of Universal Outdoor between 1988 and 1996. Kelso invested in Universal Outdoor in 1993. |
James Hallett |
Mr. James P. Hallett is Chief Executive Officer and Director of KAR Auction Services, Inc. Mr. Hallett has been Chief Executive Officer since September 2009. Mr. Hallett was President and Chief Executive Officer of ADESA between April 2007 and September 2009. Mr. Hallett previously served in the following positions between August 1996 and May 2005: Executive Vice President of ADESA, Inc. from May 2004 to May 2005; President of ADESA Corporation, LLC from March 2004 to May 2005; President of ADESA Corporation between August 1996 and October 2001 and again between January 2003 and March 2004; Chief Executive Officer of ADESA Corporation from August 1996 to July 2003; ADESA Corporation's Chairman from October 2001 to July 2003; Chairman, President and Chief Executive Officer of ALLETE Automotive Services, Inc. from January 2001 to January 2003 and Executive Vice President from August 1996 to May 2004. Mr. Hallett left ADESA in May 2005 and thereafter served as President of the Columbus Fair Auto Auction. |
Eric Loughmiller |
Mr. Eric M. Loughmiller is Chief Financial Officer, Executive Vice President of KAR Auction Services, Inc., since April 2007. Previously, from 2001 to 2006, Mr. Loughmiller was the Vice President and Chief Financial Officer of ThoughtWorks, Inc., an information technology consulting firm. Prior to that, Mr. Loughmiller served as Executive Vice President and Chief Financial Officer of May & Speh, Inc. from 1996 to 1998 until May & Speh was acquired by Acxiom Corporation. Mr. Loughmiller was the finance leader of the Outsourcing Division of Acxiom Corporation from 1998 to 2000. Prior to joining May & Speh, Mr. Loughmiller was an audit partner with PricewaterhouseCoopers LLP, an independent registered public accounting firm. Mr. Loughmiller is a certified public accountant. |
Thomas O'Brien |
Mr. Thomas C. O'Brien is Chief Executive Officer of Insurance Auto Auctions, Inc., a subsidiary of the Company, and Director of KAR Auction Services, Inc. Mr. O'Brien became Chief Executive Officer of IAA in November 2000. Mr. O'Brien also served as President of IAA from November 2000 to June 2011. Prior to joining IAA, Mr. O'Brien served as President of Thomas O'Brien & Associates from 1999 to 2000, Executive Vice President of Safelite Glass Corporation from 1998 to 1999, Executive Vice President of Vistar, Inc. from 1996 to 1997 and President of U.S.A. Glass, Inc. from 1992 to 1996. Mr. O'Brien is also a director of the Core Logic Corporation. |
Thomas Caruso |
Mr. Thomas J. Caruso is President, Chief Executive Officer of ADESA, Inc., a subsidiary Company of KAR Auction Services, Inc., since September 2009. Mr. Caruso was Chief Operating Officer of ADESA from May 2008 to September 2009. Mr. Caruso also served as Executive Vice President of ADESA from April 2007 to May 2008 and Regional Vice President of ADESA from January 2000 to April 2007. From November 1992 to January 2000 Mr. Caruso served as General Manager of ADESA Boston. |
Don Gottwald |
Mr. Donald S. Gottwald is President and Chief Executive Officer of Automotive Finance Corporation, a subsidiary Company of KAR Auction Services, Inc., since January 2009. Previously, Mr. Gottwald served in the role of Executive Vice President of Dealer Business for HSBC Auto Finance from December 2005 to October 2008. Prior to working at HSBC Auto Finance, Mr. Gottwald served in several roles of increased responsibility with GMAC Financial Services from June 1993 to December 2005, including Managing Director of Saab Financial Services Corp. and Managing Director of American Suzuki Financial Services. Mr. Gottwald has been active in the American Financial Services Association and serves on the association's board of directors. |
Rebecca Polak |
Ms. Rebecca C. Polak is Executive Vice President, General Counsel and Secretary of KAR Auction Services, Inc., since April 2007. Ms. Polak previously served as the Assistant General Counsel and Assistant Secretary of ADESA from February 2005 to April 2007. Prior to joining ADESA, Ms. Polak practiced corporate and securities law with Krieg DeVault in Indianapolis from 2000 to 2005 and with Haynes and Boone in Dallas from 1995 to 1999. |
Lisa Price |
Ms. Lisa Price is Executive Vice President - Human Resources of KAR Auction Services, Inc. In her new role, Price will oversee all of the human resources' functions for KAR and all its subsidiaries, including ADESA, IAA and AFC. She will be responsible for identifying and implementing practices that enable all human resources' teams to act as a strategic partner to the company and most efficiently and effectively serve the needs of employees. A key focus for Price will be to bring human resources, payroll and compensation departments enterprise-wide into alignment with KAR's strategic and operational goals and objectives. Before joining ADESA as corporate counsel in 2005, Price worked in private practice for six years in the areas of employment law, litigation and compliance issues. She is skilled in the areas of workers compensation, employee relations and employee benefits as well as risk management. |
Warren Byrd |
Mr. Warren W. Byrd is Executive Vice President - Corporate Development and Real Estate of KAR Auction Services, Inc., since June 2010. Mr. Byrd previously served as the Executive Vice President of Corporate Development of ADESA from April 2007 to June 2010. From April 2004 to April 2007, Mr. Byrd was the Chief Operating Officer of ServNet Auction Group, a trade co-operative of over 20 independent auto auctions in the U.S. Mr. Byrd previously served in the following positions between September 1994 and November 2003: President of ADESA Impact, a salvage auction subsidiary of ADESA, between February 2002 and November 2003; Senior Vice President and Chief Information Officer of ADESA between May 2001 and February 2002; Vice President of Corporate Development of ADESA between January 1999 and May 2001; General Counsel of ADESA between August 1996 and January 1999; and Legal Counsel of ADESA between September 1994 and August 1996. Prior to joining ADESA, Mr. Byrd practiced law with McHale, Cook and Welch in Indianapolis from May 1989 to September 1994. |
Benjamin Skuy |
Mr. Benjamin Skuy is Executive Vice President - International Markets and Strategic Initiatives of KAR Auction Services, Inc., since September 2009. Mr. Skuy previously served in the following positions between July 1999 and September 2009: Executive Vice President of International Markets and Managing Director of ADESA Canada from January 2008 to September 2009; Managing Director and Chief Operating Officer of ADESA Canada from July 2006 to January 2008; Chief Operating Officer of ADESA Canada from January 2002 to July 2006; and Chief Financial Officer of ADESA Canada from July 1999 to January 2002. Prior to joining ADESA, Mr. Skuy served as Assistant Vice President at Manulife Financial from June 1998 to July 1999. From August 1990 to May 1998 he served as Senior Manager at The Bank of Nova Scotia. |
David Vignes |
Mr. David Vignes is Executive Vice President - Enterprise Optimization of KAR Auction Services, Inc., since September 2009. Previously, Mr. Vignes served as Senior Vice President of Operations and Strategic Improvement of ADESA from July 2007 to August 2009. Prior to joining ADESA, Mr. Vignes served as Senior Vice President at Steiner + Associates, a real estate development company, from April 2004 to June 2007. From 1991 to 2004, Mr. Vignes held several executive positions in finance and operations with Disney Corporation companies, such as Disneyland Paris, Walt Disney World Orlando and the Disney cruise line. |
Peter Kelly |
Mr. Peter J. Kelly is Chief Technology Officer of KAR Auction Services, Inc. Previously, Mr. Kelly was President and Chief Financial Officer of OPENLANE from February 2010 to February 2011. Prior to that, Mr. Kelly was Chief Financial Officer of OPENLANE from May 2008 to February 2010. Mr. Kelly was a co-founder of OPENLANE in 1999 and served in a number of executive roles at OPENLANE from 1999 to 2008. |
David Ament |
Mr. David J. Ament is Director of KAR Auction Services, Inc., since April 2007. Mr. Ament joined Parthenon Capital, a private equity firm, in 2003 and is a Managing Partner in its Boston office. Prior to joining Parthenon, he was a principal at Audax Group, a private equity firm, from 2001 to 2003. Prior to that, Mr. Ament was an investment professional at Apollo Advisors from 1997 to 2001. Mr. Ament serves on the Board of Directors of the following companies: Altegra Health, Inc., AmWINS Group, Inc., Abeo, Inc., ASG Security, Bryant and Stratton College, Eliza Corporation and Triad Isotopes, Inc. |
Michael Goldberg |
Mr. Michael B. Goldberg is Director of KAR Auction Services, Inc., since October 2009. Mr. Goldberg joined Kelso & Company in 1991 and has been Managing Director since 1991. He spent the preceding two years as a Managing Director and co-head of the mergers and acquisitions department at The First Boston Corporation. Mr. Goldberg spent the previous eleven years practicing corporate law in the mergers and acquisitions group of Skadden, Arps, Meagher & Flom, becoming a partner in 1980. He spent the previous five years as an associate at Cravath, Swaine & Moore. Mr. Goldberg serves on the Board of Directors of Cronos Holding Company Ltd., Delphin Shipping LLC and Poseidon Containers Holdings LLC. Mr. Goldberg previously served as a director of RHI Entertainment, Inc. from August 2007 to March 2011, Buckeye GP Holdings L.P. from June 2007 to November 2010 and Eagle Bulk Shipping, Inc. from February 2005 to April 2007. |
Church Moore |
Mr. Church M. Moore is Director of KAR Auction Services, Inc., since April 2007. Mr. Moore joined Kelso & Company in 1998 and has been a Managing Director since 2007. For the preceding year, Mr. Moore was an associate at Investcorp International, Inc. For the previous three years, he was an analyst in the corporate finance group at BT Securities Corporation. Mr. Moore serves on the Board of Directors of DS Waters of America, Inc., Ellis Communications Group, LLC and Truck-Lite Co., LLC. |
Kelly Barlow |
Mr. Kelly J. Barlow serves as Independent Director of KAR Auction Services, Inc., since December 1, 2011. Mr. Barlow joined and became a Partner of ValueAct Capital in 2003. Prior to joining ValueAct Capital, Mr. Barlow worked at EGM Capital from 1997 to 2003 where he served primarily as portfolio manager of the firm's long/short equity fund. Previously, Mr. Barlow worked at Wells Capital Management in the small capitalization equity department from 1993 to 1997. Mr. Barlow previously served as a director of Allscripts Healthcare Solutions, Inc. from October 2008 to August 2010 and of SIRVA, Inc. from September 2006 to December 2007. |
Thomas Carella |
Mr.Thomas J. Carella is Independent Director of KAR Auction Services, Inc., since April 2007. Mr. Carella is a Managing Director of Goldman, Sachs & Co. Mr. Carella joined Goldman Sachs in 1997 and rejoined in 2004 following his graduation from Harvard Business School. Mr. Carella serves on the Board of Directors of Cequel Communications, LLC and HGI Global Holdings, Inc. |
Robert Finlayson |
Mr. Robert M. Finlayson is an Independent Director of KAR Auction Services, Inc. Mr. Finlayson was employed by the accounting firm of Ernst & Young LLP from 1975 through September 2008, when he retired as a partner. During that time, Mr. Finlayson served as the lead partner on a number of Fortune 500 company accounts as well as the accounts of several private equity firms. Mr. Finlayson also held several management positions at Ernst & Young, including the firm's private equity practice group and serving as a member of the firm's U.S. Executive Board of Directors, which was responsible for all partner-related matters in the United States. |
Peter Formanek |
Mr. Peter R. Formanek is an Independent Director of KAR Auction Services, Inc. Mr. Formanek has been a private investor since 1994 and has served on several public company boards. Prior to 1994, Mr. Formanek served as the President, Chief Operating Officer and a director of AutoZone, Inc., a retailer of auto parts, from 1987 to 1994. From 1969 to 1987, Mr. Formanek served in various roles for Malone & Hyde, a food wholesaler and specialty retailer. Mr. Formanek previously served as a director of Burger King Holdings Inc. from September 2003 to October 2010. |
Sanjeev Mehra |
Mr. Sanjeev K. Mehra is Independent Director of KAR Auction Services, Inc. Mr. Mehra has served as a Managing Director of Goldman, Sachs & Co. in its Principal Investment Area since 1990. Mr. Mehra joined Goldman Sachs in 1986. Mr. Mehra serves on the Board of Directors of the following companies: ARAMARK Corporation, First Aviation Services, Inc., Max India Ltd., Sigma Electric, SunGard Data Systems, Inc., TVS Logistics and is the Chairman of the Board of Directors of Hawker Beechcraft, Inc. Mr. Mehra previously served as a director of Adam Aircraft Industries, Inc. from April 2003 to February 2008, Burger King Holdings, Inc. from December 2002 to October 2010, Hexcel Corporation from December 2000 to March 2006, Madison River Telephone Company from October 1996 to April 2007 and Nalco Holding Company from November 2003 to May 2007. |
Gregory Spivy |
Mr. Gregory P. Spivy is Independent Director of KAR Auction Services, Inc., April 2007. Mr. Spivy joined ValueAct Capital in 2004 and has been a Partner since 2004. Prior to joining ValueAct Capital, Mr. Spivy worked with Gryphon Investors, a private equity fund, from 2002 to 2004. Previously, Mr. Spivy was a Managing Director at Fremont Partners from 1995 to 2000. Prior to joining Fremont Partners, Mr. Spivy was a director with The Bridgeford Group, and began his career in the mergers and acquisitions department of Lehman Brothers. Mr. Spivy serves as Chairman of the Board of Directors of Seitel, Inc. Mr. Spivy previously served as a director of PRA International from June 2007 to December 2007 and MDS, Inc. from April 2008 to May 2010. |
Jonathan Ward |
Mr. Jonathan P. Ward is an Independent Director of KAR Auction Services, Inc. Mr. Ward has served as an Operating Partner of Kohlberg & Co., an investment firm, since July 2009. Mr. Ward served as the former Chairman of the Chicago office of Lazard Ltd., an investment banking firm, and Managing Director of Lazard Freres & Co., LLC from November 2006 to June 2009. Mr. Ward served as Chairman and Chief Executive Officer of The ServiceMaster Company, a national service company, from 2002 to 2006, and President and Chief Executive Officer of ServiceMaster from 2001 to 2002. Mr. Ward was President and Chief Operating Officer of RR Donnelley & Sons Company, a commercial printing company, from 1997 to 2001. Mr. Ward serves on the Board of Directors of Sara Lee Corp., United Stationers, Inc. and Hub Group, Inc. |
Michael Eliason |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Brian Clingen |
2,088,370 |
James Hallett |
1,475,280 |
Eric Loughmiller |
676,861 |
Thomas O'Brien |
1,158,230 |
Thomas Caruso |
1,068,480 |
Don Gottwald |
1,464,580 |
Rebecca Polak |
388,821 |
Lisa Price |
-- |
Warren Byrd |
-- |
Benjamin Skuy |
1,536,540 |
David Vignes |
-- |
Peter Kelly |
1,470,060 |
David Ament |
-- |
Michael Goldberg |
-- |
Church Moore |
-- |
Kelly Barlow |
-- |
Thomas Carella |
-- |
Robert Finlayson |
-- |
Peter Formanek |
-- |
Sanjeev Mehra |
-- |
Gregory Spivy |
-- |
Jonathan Ward |
-- |
Michael Eliason |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Brian Clingen |
0 | 0 |
James Hallett |
0 | 0 |
Eric Loughmiller |
0 | 0 |
Thomas O'Brien |
513,728 | 4,430,230 |
Thomas Caruso |
0 | 0 |
Don Gottwald |
0 | 0 |
Rebecca Polak |
0 | 0 |
Lisa Price |
0 | 0 |
Warren Byrd |
0 | 0 |
Benjamin Skuy |
0 | 0 |
David Vignes |
0 | 0 |
Peter Kelly |
0 | 0 |
David Ament |
0 | 0 |
Michael Goldberg |
0 | 0 |
Church Moore |
0 | 0 |
Kelly Barlow |
0 | 0 |
Thomas Carella |
0 | 0 |
Robert Finlayson |
0 | 0 |
Peter Formanek |
0 | 0 |
Sanjeev Mehra |
0 | 0 |
Gregory Spivy |
0 | 0 |
Jonathan Ward |
0 | 0 |
Michael Eliason |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
BYRD WARREN W |
6,122 | $10.00 |
BYRD WARREN W |
6,122 | $25.16 |
GOTTWALD DONALD S |
20,000 | $25.00 |
BYRD WARREN W |
6,000 | $10.00 |
BYRD WARREN W |
6,000 | $25.00 |
GOTTWALD DONALD S |
20,000 | $10.00 |
BYRD WARREN W |
4,122 | $10.00 |
BYRD WARREN W |
4,122 | $24.70 |
BYRD WARREN W |
4,122 | $24.58 |
BYRD WARREN W |
1,750 | $12.10 |
BYRD WARREN W |
1,750 | $24.58 |
BYRD WARREN W |
4,122 | $10.00 |
VIGNES DAVID |
19,785 | $24.75 |
VIGNES DAVID |
19,785 | $10.00 |
VIGNES DAVID |
26,380 | $10.00 |
VIGNES DAVID |
26,380 | $24.50 |
BYRD WARREN W |
4,122 | $23.28 |
BYRD WARREN W |
2,000 | $23.28 |
BYRD WARREN W |
4,122 | $10.00 |
BYRD WARREN W |
2,000 | $12.10 |
FORMANEK PETER RAEMIN |
547 | $22.87 |
BYRD WARREN W |
2,000 | $12.10 |
BYRD WARREN W |
4,122 | $10.00 |
BYRD WARREN W |
4,122 | $22.56 |
BYRD WARREN W |
2,000 | $22.56 |

