Press Release

KAR Auction Services Launches Volunteer Program In Honor Of Leap Year

Published February 24, 2016 - Written by IAA, Inc

10,500 full-time employees across North America offered day off work to perform community service

Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today the launch of its Leap Into Service community program in honor of the upcoming Leap Day on February 29. KAR Auction Services Chairman and CEO Jim Hallett made the announcement.

As a part of “Leap Into Service,” KAR is giving all full-time employees across North America eight hours of paid time off to volunteer with the charity of their choice. Employees are encouraged to volunteer with family, friends or colleagues, and can choose to do so any day between Leap Day and the end of this year.

“KAR Auction Services is dedicated to serving the communities in which we live and work, and we are always looking for innovative and fun ways to give back,” said Hallett. “We recognized the extra day we get this Leap Year as an excellent opportunity to make a meaningful difference in the many different communities we are a part of across the country.”

The KAR Leap Into Service program is part of the company’s yearlong corporate giving campaign, which serves a variety of local and national nonprofit organizations.

Media Inquiries:

Jeanene O’Brien SVP, Global Marketing and Communications

(708) 492-7328

Analyst Inquiries:

Caitlin Churchill


(203) 682-8200

About IAA, Inc.

IAA, Inc. (NYSE: IAA) is a leading global marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes more than 2.5 million vehicles annually. Headquartered near Chicago, IL, IAA has over 3,600 talented employees and over 190 facilities throughout the US, Canada and the United Kingdom. IAA provides a broad range of services to insurers, fleet and rental companies, rebuilders, charity organizations and financing companies that dramatically reduce the cycle time of selling a vehicle with a focus on delivering the highest economic returns. Buyers have access to the industry’s most-innovative vehicle evaluation and digital bidding tools, enhancing the overall purchasing experience.

Uncertainties Affecting Forward-Looking Statements

Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and which are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions identify forward-looking statements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Such forward-looking statements include the statements regarding IAA’s future financial and operating performance, benefits and synergies of the separation, strategic and competitive advantages, future opportunities and any other statements regarding events or developments that IAA believes or anticipates will or may occur in the future. We disclaim any obligation or undertaking to update any forward-looking statements. For further discussion of such risks and uncertainties, see “Information Statement Summary,” “Risk Factors” and “Cautionary Statement Concerning Forward-Looking Statements” in the information statement filed as an exhibit to IAA’s Registration Statement on Form 10, as amended.

Related Press Release

IAA Appoints Gail Evans to Board of Directors

February 10, 2020

IAA Relocates and Expands Jacksonville Branch

December 19, 2019