-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SjuFmPy6w4DlFNuY36k4P0x/lN95RSytpOPnZ8aQFOJoD5NBK3YsjlWNRHA7jnBJ C/8fVcaBEoKWcRnxQONTSA== 0000950123-10-013432.txt : 20100216 0000950123-10-013432.hdr.sgml : 20100215 20100216172823 ACCESSION NUMBER: 0000950123-10-013432 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100216 DATE AS OF CHANGE: 20100216 GROUP MEMBERS: AXLE HOLDINGS II, LLC GROUP MEMBERS: BRIAN GIBSON GROUP MEMBERS: CHRISTOPHER L. COLLINS GROUP MEMBERS: CHURCH M. MOORE GROUP MEMBERS: DAVID AMENT GROUP MEMBERS: DAVID I. WAHRHAFTIG GROUP MEMBERS: ERNEST K. JACQUET GROUP MEMBERS: FRANK J. LOVERRO GROUP MEMBERS: FRANK K. BYNUM GROUP MEMBERS: FRANK T. NICKELL GROUP MEMBERS: GEORGE E. MATELICH GROUP MEMBERS: J&R ADVISORS F.F., LLC GROUP MEMBERS: J&R FOUNDERS FUND II, L.P. GROUP MEMBERS: JAMES J. CONNORS, II GROUP MEMBERS: JOHN C. RUTHERFORD GROUP MEMBERS: KELSO GP VII, L.P. GROUP MEMBERS: KELSO GP VII, LLC GROUP MEMBERS: KELSO INVESTMENT ASSOCIATES VII, L.P. GROUP MEMBERS: KEP VI, LLC GROUP MEMBERS: MICHAEL B. GOLDBERG GROUP MEMBERS: PARTHENON INVESTORS II, L.P. GROUP MEMBERS: PARTHENON INVESTORS III, L.P. GROUP MEMBERS: PCAP KAR LLC GROUP MEMBERS: PCIP INVESTORS GROUP MEMBERS: PHILIP E. BERNEY GROUP MEMBERS: STANLEY DE J. OSBORNE GROUP MEMBERS: THOMAS R. WALL, IV GROUP MEMBERS: VA PARTNERS I, LLC GROUP MEMBERS: VALUEACT CAPITAL MANAGEMENT, L.P. GROUP MEMBERS: VALUEACT CAPITAL MANAGEMENT, LLC GROUP MEMBERS: VALUEACT CAPITAL MASTER FUND, L.P. GROUP MEMBERS: VALUEACT HOLDINGS GP, LLC GROUP MEMBERS: VALUEACT HOLDINGS, L.P. GROUP MEMBERS: WILLIAM C. KESSINGER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KAR Auction Services, Inc. CENTRAL INDEX KEY: 0001395942 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 208744739 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-85322 FILM NUMBER: 10610009 BUSINESS ADDRESS: STREET 1: 13085 HAMILTON CROSSING BOULEVARD CITY: CARMEL STATE: IN ZIP: 46032 BUSINESS PHONE: (800) 923-3725 MAIL ADDRESS: STREET 1: 13085 HAMILTON CROSSING BOULEVARD CITY: CARMEL STATE: IN ZIP: 46032 FORMER COMPANY: FORMER CONFORMED NAME: KAR Holdings, Inc. DATE OF NAME CHANGE: 20070409 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KAR Holdings II, LLC CENTRAL INDEX KEY: 0001479546 IRS NUMBER: 208744916 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 320 PARK AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-751-3939 MAIL ADDRESS: STREET 1: 320 PARK AVENUE STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 y82075sc13g.htm SC 13G sc13g

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. ____________)*

KAR Auction Services, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
48238T109
(CUSIP Number)
December 10, 2009
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

KAR Holdings II, LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   106,853,660
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    106,853,660
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  106,853,660
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  79.4%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  00

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Kelso GP VII, LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  00

 

                     
CUSIP No.
  
48238T109  
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Kelso GP VII, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109  
  

 

           
1.   NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only)

Kelso Investment Associates VII, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

KEP VI, LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Philip E. Berney
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Frank K. Bynum, Jr.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Michael B. Goldberg
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Frank J. Loverro
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T1091 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

George E. Matelich
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Frank T. Nickell
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

David I. Wahrhaftig
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Thomas R. Wall, IV
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

James J. Connors, II
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Stanley de J. Osborne
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Church M. Moore
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   45,323,240
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    45,323,240
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  45,323,240
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  33.7%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Christopher L. Collins
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   8,995,450
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    8,995,450
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  8,995,450
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.69%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Axle Holdings II, LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   27,326,090
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    27,326,090
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  27,326,090
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  20.3%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

PCap KAR LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   6,018,230
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    6,018,230
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  6,018,230
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  4.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Parthenon Investors II, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,426,468
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    7,426,468
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,426,468
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

PCIP Investors
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   68,243
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    68,243
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  68,243
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.05%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

J&R Founders Fund II, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   110,414
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    110,414
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  110,414
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.08%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Parthenon Investors III, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,426,468
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    7,426,468
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,426,468
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Ernest K. Jacquet
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   178,119
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    178,119
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  178,119
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.13%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

John C. Rutherford
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,426,468
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    7,426,468
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,426,468
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

William C. Kessinger
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,426,468
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    7,426,468
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,426,468
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

David Ament
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,426,468
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    7,426,468
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,426,468
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

Brian Golson
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   7,426,468
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    7,426,468
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  7,426,468
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

J&R Advisors F.F., LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,847,350
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    2,847,350
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,847,350
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  2.1%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

ValueAct Capital Master Fund, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   24,827,018
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    24,827,018
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  24,827,018
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

VA Partners I, LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   24,827,018
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    24,827,018
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  24,827,018
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

ValueAct Capital Management, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   24,827,018
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    24,827,018
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  24,827,018
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

ValueAct Capital Management, LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   24,827,018
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    24,827,018
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  24,827,018
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

ValueAct Holdings, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   24,827,018
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    24,827,018
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  24,827,018
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

 

                     
CUSIP No.
  
48238T109 
  

 

           
1.   NAMES OF REPORTING PERSON.
I.R.S. Identification Nos. of above persons (entities only)

ValueAct Holdings GP, LLC
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5.   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   24,827,018
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    24,827,018
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  24,827,018
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

Item 1.
  (a)   Name of Issuer:
 
      KAR Auction Services, Inc.
 
  (b)   Address of Issuer’s Principal Executive Offices:
 
      13085 Hamilton Crossing Boulevard
Carmel, Indiana 46032
Item 2.
  (a)   Name of Person Filing:
KAR Holdings II, LLC
KELSO GROUP
      Kelso GP VII, LLC
Kelso GP VII, L.P.
Kelso Investment Associates VII, L.P.
KEP VI, LLC
Philip E. Berney
Frank K. Bynum, Jr.
Michael B. Goldberg
Frank J. Loverro
George E. Matelich
Frank T. Nickell
David I. Wahrhaftig
Thomas R. Wall, IV
James J. Connors, II
Stanley de J. Osborne
Church M. Moore
Christopher L. Collins
PARTHENON GROUP
      PCap KAR LLC
Parthenon Investors II, L.P.
PCIP Investors
J&R Founders Fund II, L.P.
Parthenon Investors III, L.P.
Ernest K. Jacquet
John C. Rutherford
William C. Kessinger
David Ament
Brian Golson
J&R Advisors F.F., LLC
VALUEACT GROUP
      ValueAct Capital Master Fund, L.P.
VA Partners I, LLC
ValueAct Capital Management, L.P.

 

 

      ValueAct Capital Management, LLC
ValueAct Holdings, L.P.
ValueAct Holdings GP, LLC
Axle Holdings II, LLC
  (b)   Address of Principal Business Office, or if none, Residence:
 
      KAR HOLDINGS II, LLC
c/o Kelso & Company, L.P.
320 Park Avenue, 24th Floor
New York, NY 10022
 
      KELSO GROUP
c/o Kelso & Company, L.P.
320 Park Avenue, 24th Floor
New York, NY 10022
 
      PARTHENON GROUP
c/o Parthenon Capital
265 Franklin Street, 18th Floor
Boston, MA 02110
 
      VALUEACT GROUP
c/o ValueAct Capital
435 Pacific Avenue, 4th Floor
San Francisco, CA 94133
 
      AXLE HOLDINGS II, LLC
c/o Kelso & Company, L.P.
320 Park Avenue, 24th Floor
New York, NY 10022
 
  (c)   Citizenship:
 
      See Item 4 of the cover pages attached hereto.
 
  (d)   Title of Class of Securities:
 
      Common Stock, par value $0.01 per share (the “Common Stock”)
 
  (e)   CUSIP Number:
 
      48238T109
Item 3.   If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

 

Not Applicable.
Item 4.   Ownership (a) through (c)
  (a)   Amount beneficially owned
 
      See Item 9 of the attached cover pages.
 
  (b)   Percent of class
     See Item 11 of the attached cover pages. The figures reported in Item 11 of the attached cover pages are based upon the number of outstanding shares reported in the (i) quarterly report on Form 10-Q filed with the Securities and Exchange Commission by KAR Auction Services, Inc. on November 10, 2009 which reported the total outstanding shares of common stock, as of October 31, 2009, as 106,853,660, (ii) the current report on Form 8-K filed with the Securities and Exchange Commission by KAR Auction Services, Inc. on December 11, 2009, reporting that KAR Auction Services, Inc. sold an additional 25,000,000 shares of Common Stock through its initial public offering on December 10, 2009 and (iii) the current report on Form 8-K filed with the Securities and Exchange Commission by KAR Auction Services, Inc. on December 21, 2009, reporting that the underwriters of its initial public offering on December 10, 2009 have partially exercised their option to purchase additional shares, and as a result, KAR Auction Services, Inc. sold an additional 2,656,050 shares of Common Stock at the initial public offering price less the underwriting discount thereby increasing the total amount of shares of Common Stock issued and outstanding to 134,509,710.
  (c)   Number of shares as to which such person has:
  (i)   Sole power to vote or direct the vote:
 
      See Item 5 of the attached cover pages.
 
  (ii)   Shared power to vote or direct the vote:
 
      See Item 6 of the attached cover pages.
 
  (iii)   Sole power to dispose or to direct the disposition:
 
      See Item 7 of the attached cover pages.
 
  (iv)   Shared power to dispose or to direct the disposition:
 
      See Item 8 of the attached cover pages.

 

 

     Kelso GP VII, LLC (“GP VII, LLC”) is the general partner of Kelso GP VII, L.P. (“GP VII, L.P.”). GP VII, L.P. is the general partner of Kelso Investment Associates VII, LP (“KIA VII”). KIA VII is the majority owner of KAR Holdings II, LLC. Each of GP VII, LLC, GP VII L.P., and KIA VII disclaims beneficial ownership of the securities owned of record by KAR Holdings II, LLC, except to the extent of their respective pecuniary interests therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Sections 13(d), 13(g) or 16 of the Securities Exchange Act of 1934, as amended (the “Act”), or for any other purposes.
     Each of GP VII, LLC, GP VII L.P., and KIA VII, due to their common control, could be deemed to beneficially own each other’s securities. GP VII, LLC disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII L.P. and KIA VII except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
     GP VII L.P. disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII, LLC and KIA VII, except, in the case of KIA VII, to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
     KIA VII disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII, LLC and GP VII L.P., except to the extent of its pecuniary interest therein, if any, and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of such securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
     KIA VII and KEP VI, LLC (“KEP VI”), due to their common control, could be deemed to beneficially own each of the other’s securities. KEP VI disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII, LLC, GP VII L.P. and KIA VII, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes. Each of GP VII, LLC, GP VII L.P. and KIA VII disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by KEP VI, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.

 

 

     KEP VI disclaims beneficial ownership of the securities owned of record by KAR Holdings, LLC, except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
     Messrs. Berney, Bynum, Goldberg, Loverro, Matelich, Nickell, Wahrhaftig, Wall, Connors, Osborne and Moore may be deemed to share beneficial ownership of securities owned of record by KAR Holdings II, LLC or indirectly by KIA VII, by virtue of their status as managing members of GP VII, LLC, but disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any of Messrs. Berney, Bynum, Goldberg, Loverro, Matelich, Nickell, Wahrhaftig, Wall, Connors, Osborne and Moore is the beneficial owner of these securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
     Messrs. Berney, Bynum, Goldberg, Loverro, Matelich, Nickell, Wahrhaftig, Wall, Connors, Osborne, Moore and Collins may be deemed to share beneficial ownership of securities owned of record by KAR Holdings II, LLC or indirectly by KEP VI, by virtue of their status as managing members of KEP VI, but disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any of Messrs. Berney, Bynum, Goldberg, Loverro, Matelich, Nickell, Wahrhaftig, Wall, Connors, Osborne, Moore and Collins is the beneficial owner of these securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
     Axle Holdings II, LLC (“Axle”) may be deemed to share beneficial ownership of shares of Common Stock owned of record by KAR Holdings II, LLC by virtue of its status as a member of KAR Holdings II, LLC. Axle shares investment and voting power along with the other members of KAR Holdings II, LLC with respect to the securities owned by KAR Holdings II, LLC, but disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein, if any, and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of such securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
KIA VII, KEP VI, Parthenon Investors II, L.P., PCIP Investors and J&R Founders Fund II, L.P., due to their ownership interest in Axle, could be deemed to share beneficial ownership of securities owned of record by Axle. KIA VII, KEP VI, Parthenon Investors II, L.P., PCIP Investors and J&R Founders Fund II, L.P. share investment and voting power along with the other members of Axle with respect to securities owned by Axle, but disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of such securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.

 

 

Messrs. Rutherford, Kessinger, Golson and Ament may be deemed to share beneficial ownership of securities owned of record by KAR Holdings II, LLC or indirectly by Parthenon Investors II, L.P., by virtue of their status as members of the investment committee of the general partner of Parthenon Investors II, L.P., but disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any of Messrs. Rutherford, Kessinger, Golson and Ament is the beneficial owner of these securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
Messrs. Rutherford, Kessinger, Golson and Ament may be deemed to share beneficial ownership of securities owned of record by KAR Holdings II, LLC or indirectly by Parthenon Investors III, L.P., by virtue of their status as members of the investment committee of the general partner of Parthenon Investors III, L.P., but disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any of Messrs. Rutherford, Kessinger, Golson and Ament is the beneficial owner of these securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
J&R Advisors F.F., LLC is the general partner of J&R Founders Fund II, L.P. J&R Advisors F.F., LLC disclaims beneficial ownership of the securities owned of record by KAR Holdings II, LLC or indirectly by J&R Founders Fund II, L.P., except to the extent of its pecuniary interests therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
Messrs. Jacquet and Rutherford may be deemed to share beneficial ownership of securities owned of record by KAR Holdings II, LLC or indirectly by J&R Founders Fund II, L.P., by virtue of their control of J&R Advisors F.F., LLC, but disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any of Messrs. Jacquet and Rutherford is the beneficial owner of these securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
2,258,828 shares of the securities reported herein are directly beneficially owned by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purpose.

 

 

22,568,190 shares of the reported stock held of record by KAR Holdings II, LLC is beneficially owned directly by ValueAct Capital Master Fund, L.P. by virtue of ValueAct Capital Master Fund, L.P.’s ownership interest in KAR Holdings II, LLC and may be deemed to be beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC, and as the majority owner of the membership interests of VA Partners I, LLC, and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. Each reporting person listed in this paragraph disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purpose.
Messrs. Jeffrey W. Ubben, G. Mason Morfit and George F. Hamel may be deemed to share beneficial ownership of securities owned of record by KAR Holdings II, LLC or indirectly by ValueAct Holdings GP, LLC, by virtue of serving on the management board of ValueAct Holdings GP, LLC, but disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any of Messrs. Ubben, Morfit and Hamel is the beneficial owner of these securities for purposes of Sections 13(d), 13(g) or 16 of the Act, or for any other purposes.
Item 5.   Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6.   Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8.   Identification and Classification of Members of the Group.
Not applicable.
Item 9.   Notice of Dissolution of Group.
Not applicable.
Item 10.   Certification.
Not applicable as this statement is filed pursuant to Rule 13d-1(d).

 

 

SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 16, 2010
         
  KAR Holdings II, LLC

Signature: *  		  
           
       
  KELSO GP VII, LLC

Signature: *  		  
           
       
  By:     
 
  KELSO GP VII, L.P.

Signature: *  		  
           
       
  By:     
 
 
  KELSO INVESTMENT ASSOCIATES VII, L.P

Signature: *  		  
           
       
  By:     
 
  KEP VI, LLC

Signature: *  		  
           
       
  By:     

 

 

         
  PHILIP E. BERNEY

Signature: *  		  
                
       
  FRANK K. BYNUM, JR.

Signature: *  		  
           
       
  MICHAEL B. GOLDBERG

Signature: *  		  
           
       
  FRANK J. LOVERRO

Signature: *  		  
           
       
  GEORGE E. MATELICH

Signature: *  		  
           
       
  FRANK T. NICKELL

Signature: *  		  
           

 

 

         
  DAVID I. WAHRHAFTIG

Signature: *  		  
        
       
  THOMAS R. WALL, IV

Signature: *  		  
        
       
  JAMES J. CONNORS, II

Signature: *  		  
        
       
  STANLEY DE J. OSBORNE

Signature: *  		  
        
       
  CHURCH M. MOORE

Signature: *  		  
        
         
  CHRISTOPHER L. COLLINS  
 
  Signature:   /s/ Christopher L. Collins   
       
 
  AXLE HOLDINGS II, LLC

Signature: * 		 
        
       
  PCAP KAR LLC

 		  
  Signature:   /s/ David Ament   
       
  By:  David Ament,
Authorized Signature 		  
 

 

 

         
  PARTHENON INVESTORS II, L.P.

Signature:  /s/ David Ament		  
                       
       
  By:            David Ament,
Authorized Signatory 		  
 
  PCIP INVESTORS

Signature:  /s/ David Ament		  
                       
       
  By:            /s/ David Ament   
 
  J&R FOUNDERS FUND II, L.P.

Signature:  /s/ John C. Rutherford		  
                       
       
  By:            John C. Rutherford,
Authorized Signatory 		  
 
  PARTHENON INVESTORS III, L.P

Signature:  /s/ David Ament		  
                       
       
  By:            David Ament,
Authorized Signatory 		  
 
  ERNEST K. JACQUET

Signature:  /s/ Ernest K. Jacquet		  
                       
       
  JOHN C. RUTHERFORD

Signature:  /s/ John C. Rutherford		  
                       
       
  WILLIAM C. KESSINGER

Signature:  /s/ William C. Kessinger		  
                       
       
  DAVID AMENT

Signature:  /s/ David Ament		  
                       
       
  BRIAN GOLSON

Signature:  /s/ Brian Golson		  
                       
 
  J&R ADVISORS F.F., LLC

Signature:  /s/ John C. Rutherford		  
                       
       
  By:            John C. Rutherford,
Authorized Signatory		  
 
  VALUEACT CAPITAL MASTER FUND, L.P.

Signature: George F. Hamel, Jr.  		  
         
       
  By: George F. Hamel, Jr.
       Chief Operating Officer		  
 

 

 

         
  VA PARTNERS I, LLC

Signature: /s/ George F. Hamel, Jr.  		  
                       
       
  By: George F. Hamel, Jr.,
Chief Operating Officer 		  
 
  VALUEACT CAPITAL MANAGEMENT, L.P.

Signature: /s/ George F. Hamel, Jr.  		  
                       
       
  By:            George F. Hamel, Jr.,
Chief Operating Officer 		  
 
  VALUEACT CAPITAL MANAGEMENT, LLC

Signature: /s/ George F. Hamel, Jr.  		  
                       
       
  By:            George F. Hamel, Jr.,
Chief Operating Officer 		  
 
  VALUEACT HOLDINGS, L.P.

Signature: /s/ George F. Hamel, Jr.  		  
                       
       
  By:            George F. Hamel, Jr.,
Chief Operating Officer 		  
 
  VALUEACT HOLDINGS GP, LLC

Signature: /s/ George F. Hamel, Jr.  		  
                       
       
  By:            George F. Hamel, Jr.,
Chief Operating Officer 		  
 
             
*By:    /s/ Rosanna T. Leone        
    Name: Rosanna T. Leone Attorney-in-fact**      
 
**   The Powers of Attorney filed with the Securities and Exchange Commission with the Form 3s, dated December 10, 2009 in respect of the securities of KAR Auction Services, Inc. by Kelso GP VII, LLC, Kelso GP VII, L.P., Kelso Investment Associates VII, L.P., KEP VI, LLC, Axle Holdings II, LLC, Philip E. Berney, Frank K. Bynum, Jr., Michael B. Goldberg, Frank J. Loverro, George E. Matelich, Frank T. Nickell, David I. Wahrhaftig, Thomas R. Wall, IV, James J. Connors, II, Stanley de J. Osborne and Church M. Moore are hereby incorporated by reference. The Powers of Attorney filed with the Securities and Exchange Commission with the Form 3, dated December 28, 2009 in respect of the securities of KAR Auction Services, Inc. by KAR Holdings II, LLC are hereby incorporated by reference.

 

EX-99.A 2 y82075exv99wa.htm EX-99.A exv99wa
EXHIBIT A
JOINT FILING STATEMENT
Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned agree that the Statement on Schedule 13G and any amendments thereto to which this exhibit is attached is filed on behalf of each of them.
Date: February 16, 2010
             
    KAR Holdings II, LLC    
 
            
 
  Signature:        
 
            
 
            
    KELSO GP VII, LLC    
 
            
 
  Signature:   *      
 
            
 
  By:        
 
            
 
            
    KELSO GP VII, L.P.    
 
            
 
  Signature:   *      
 
            
 
  By:        
 
            
 
            
    KELSO INVESTMENT ASSOCIATES VII, L.P.    
 
            
 
  Signature:   *      
 
            
 
  By:        

 

             
    KEP VI, LLC    
 
            
 
  Signature:   *      
 
            
 
  By:        
 
            
 
            
    PHILIP E. BERNEY    
 
            
 
  Signature:   *      
 
            
 
            
    FRANK K. BYNUM, JR.    
 
            
 
  Signature:   *      
 
            
 
            
    MICHAEL B. GOLDBERG    
 
            
 
  Signature:   *      
 
            
 
            
    FRANK J. LOVERRO    
 
            
 
  Signature:   *      
 
            
 
            
    GEORGE E. MATELICH    
 
            
 
  Signature:   *      
 
            

 

             
    FRANK T. NICKELL    
 
            
 
  Signature:   *      
 
            
 
            
    DAVID I. WAHRHAFTIG    
 
            
 
  Signature:   *      
 
            
 
            
    THOMAS R. WALL, IV    
 
            
 
  Signature:   *      
 
            
 
            
    JAMES J. CONNORS, II    
 
            
 
  Signature:   *      
 
            
 
            
    STANLEY DE J. OSBORNE    
 
            
 
  Signature:   *      
 
            
 
            
    CHURCH M. MOORE    
 
            
 
  Signature:   *      
 
            
 
            
    CHRISTOPHER L. COLLINS    
 
            
 
  Signature:   /s/ Christopher L. Collins    
 
           
 
            
    AXLE HOLDINGS II, LLC    
 
            
 
  Signature:   *    
 
      Name:    
 
      Title:    

 

             
    PCAP KAR LLC    
 
            
 
  Signature:   /s/ David Ament      
 
            
 
  By:   David Ament,
Authorized Signatory  		    
 
            
 
            
    PARTHENON INVESTORS II, L.P.    
 
            
 
  Signature:   /s/ David Ament      
 
            
 
  By:   David Ament,
Authorized Signatory  		    
 
            
 
            
    PCIP INVESTORS    
 
            
 
  Signature:   /s/ David Ament      
 
            
 
  By:   David Ament,
Authorized Signatory   		    
 
            
 
            
    J&R FOUNDERS FUND II, L.P.    
 
            
 
  Signature:   /s/ John C. Rutherford      
 
            
 
  By:   John C. Rutherford,
Authorized Signatory		    
 
            
 
            
    PARTHENON INVESTORS III, L.P.    
 
            
 
  Signature:   /s/ David Ament      
 
            
 
  By:   David Ament,
Authorized Signatory   		    
 
            
 
            
    ERNEST K. JACQUET    
 
            
 
  Signature:   /s/ Ernest K. Jacquet      
 
            
 
            
    JOHN C. RUTHERFORD    
 
            
 
  Signature:   /s/ John C. Rutherford      
 
            
 
            
    WILLIAM C. KESSINGER    
 
            
 
  Signature:   /s/ William C. Kessinger      
 
            
 
            
    DAVID AMENT    
 
            
 
  Signature:   /s/ David Ament      
 
            
 
            
    BRIAN GOLSON    
 
            
 
  Signature:   /s/ Brian Golson      

 

             
    J&R ADVISORS F.F., LLC    
 
            
 
  Signature:   /s/ John C. RutherFord      
 
            
 
            
 
  By:   John C. RutherFord,
Authorized Signatory		    
 
            
    VALUEACT CAPITAL MASTER FUND, L.P.    
 
            
 
  Signature:   /s/ George F. Hamel, Jr.      
 
            
 
  By:   George F. Hamel, Jr.
Chief Operating Officer		    
 
            
 
            
    VA PARTNERS I, LLC    
 
            
 
  Signature:   /s/ George F. Hamel, Jr.      
 
            
 
  By:   George F. Hamel, Jr.
Chief Operating Officer		    
 
            
 
            
    VALUEACT CAPITAL MANAGEMENT, L.P.    
 
            
 
  Signature:   /s/ George F. Hamel, Jr.      
 
            
 
  By:   George F. Hamel, Jr.
Chief Operating Officer		    
 
            
 
            
    VALUEACT CAPITAL MANAGEMENT, LLC    
 
            
 
  Signature:   /s/ George F. Hamel, Jr.      
 
            
 
  By:   George F. Hamel, Jr.
Chief Operating Officer		    
 
            
 
            
    VALUEACT HOLDINGS, L.P.    
 
            
 
  Signature:   /s/ George F. Hamel, Jr.      
 
            
 
  By:   George F. Hamel, Jr.
Chief Operating Officer		    
 
            
 
            
    VALUEACT HOLDINGS GP, LLC    
 
            
 
  Signature:   /s/ George F. Hamel, Jr.      
 
            
 
  By:   George F. Hamel, Jr.
Chief Operating Officer		    
 
            
         
  *By:   /s/ Rosanna T. Leone    
     Name: Rosanna T. Leone Attorney-in-fact   
     
   

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