March 26, 2020 / 12:50 PM / 14 days ago

BRIEF-KAR Auction Services Says Board Of Directors Will Forgo Their Cash Compensation During Q2 Of 2020

March 26 (Reuters) - KAR Auction Services Inc:

* KAR AUCTION SERVICES INC - BOARD OF DIRECTORS WILL FORGO THEIR CASH COMPENSATION DURING Q2 OF 2020

* KAR AUCTION SERVICES INC - REDUCING OPERATIONAL COSTS AND PREPARING TO SCALE STAFF LEVELS TO CURRENT DEMAND

* KAR AUCTION SERVICES INC - REDUCING CAPITAL EXPENDITURES FOR REMAINDER OF 2020

* KAR AUCTION SERVICES - EXECUTIVE LEADERSHIP TEAM WILL REDUCE/FORGO THEIR SALARIES DURING PERIOD CO’S OPERATIONS ARE DISRUPTED BY CORONAVIRUS PANDEMIC Source text for Eikon: Further company coverage:

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