8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________________ 

FORM 8-K

 ________________________ 

Current Report

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 14, 2022

________________________ 

LKQ CORPORATION

(Exact name of registrant as specified in its charter)

_______________________ 

Delaware	000-50404	36-4215970
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)
500 West Madison Street, Suite 2800
Chicago, Illinois		60661
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (312) 621-1950

N/A

(Former name or former address, if changed since last report)

 ________________________ 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $.01 per share	LKQ	NASDAQ Global Select Market

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company      ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b), (c), (e) On September 19, 2022, LKQ Corporation (the "Company") announced that Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe. Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group as its Chief Executive Officer. The Company also announced that Rick Galloway, Chief Financial Officer of LKQ’s Wholesale - North America and Self Service segments, has been appointed as LKQ’s Senior Vice President and Chief Financial Officer. These changes became effective on September 15, 2022.

The information required by Items 401(b), (d), and (e) and Item 404(a) of Regulation S-K with respect to Mr. Laroyia is included in Part III, Item 10 of our Annual Report on Form 10-K filed with the SEC on February 25, 2022, and such information is incorporated herein by reference. Mr. Galloway, 43, has served as Chief Financial Officer of LKQ’s Wholesale - North America and Self Service segments since 2019. Prior to joining LKQ, Mr. Galloway held various positions at Alcoa Corporation from 2010 to 2019, including Chief Financial Officer of Alcoa’s Engineered Products and Solutions division, a business that consisted of 97 manufacturing facilities across the globe. Mr. Galloway began his career in public accounting with Grant Thornton as an auditor with clients in various industries, including manufacturing, oil and gas, non-profit, and government.

In connection with the appointment to his new position, Mr. Laroyia received a grant of restricted stock units ("RSUs") with a value of $1,750,000. He will also receive certain other benefits, including tax equalization, relocation assistance, a housing allowance and company vehicle.

In connection with his appointment, Mr. Galloway’s annual salary was increased to $575,000, he received an RSU grant with a value of $90,000, he received performance-based RSUs with values, at target, of $110,000 for the 2021-2023 performance period and $220,000 for the 2022-2024 performance period, and the terms of his participation in the Company’s bonus plan were adjusted to minimum, target and maximum potential 2022 bonus payout percentages of 20/40/80 (multiplied by base salary prior to September 15, 2022) on the North America Wholesale bonus plan for the portion of the calendar year prior to September 15, 2022 and percentages of 30/60/120 (applied to base salary after September 15, 2022) on the Global bonus plan for the portion of the calendar year after September 15, 2022.

On September 14, 2022, the Company and Mr. Franz entered into a Termination Agreement (the “TA”) providing for the termination of Mr. Franz’s Services Agreement and employment relationship with the Company. The TA provides that Mr. Franz will receive his base salary through October 31, 2022, and that he will receive a pro rata annual bonus. Mr. Franz is obligated under the TA to abide by certain restrictive covenants.

Copies of an offer letter to Mr. Laroyia describing the compensation and other terms relating to his new position (the “Laroyia Offer”), a memorandum describing Mr. Galloway’s compensation changes (the “Galloway Memo”) and the TA are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this report and are incorporated herein by reference. The description of the terms of Mr. Laroyia’s employment, Mr. Galloway’s compensation changes, and of the TA in this report are summaries only, do not purport to be complete, and are qualified in their entirety by the terms of the Laroyia Offer, the Galloway Memo and the TA, respectively. A copy of the press release relating to this matter is furnished as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits 

Exhibit Number	Description of Exhibit
10.1	Offer Letter dated as of September 14, 2022 from Dominick Zarcone to Varun Laroyia.
10.2	Memorandum dated as of September 14, 2022 from Dominick Zarcone to Rick Galloway.
10.3	Termination Agreement dated as of September 14, 2022 between LKQ Europe GMBH and Arnd Franz.
99.1	LKQ Corporation Press Release dated September 19, 2022.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 20, 2022

LKQ CORPORATION
By:	/s/ Matthew J. McKay
	Matthew J. McKay
	Senior Vice President and General Counsel

EX-10.1

Exhibit 10.1

500 West Madison St.

Suite 2800

Chicago, IL 60661

Phone 312.621.1950

Fax 312.207.1529

www.lkqcorp.com

September 14, 2022

Mr. Varun Laroyia

[Email address redacted]

Dear Varun:

This letter confirms our offer for you to continue your employment with LKQ Corporation (the “Company”) while serving in the position of Executive Vice President of the Company and Chief Executive Officer and Managing Director of LKQ Europe (“assignment”). Please note that this offer is confidential and is subject to the approval of the Company’s Board of Directors. The terms and conditions of this offer are as follows:

1.Compensation: Your current compensation, including base salary, annual bonus opportunities, long-term incentive opportunities, and annual equity awards, will remain the same in your new role subject to the annual compensation review process for executive officers. Your participation in the LKQ Corporation 1998 Equity Incentive Plan, as amended as of August 8, 2016 (“EIP”) and the Company’s Cash Incentive Plan (“CIP”), is subject to the terms and conditions of the EIP and CIP.

2.Term: The term of this assignment will begin on September 15, 2022 and will end on June 30, 2024. Following this assignment, if the Company does not offer to you the position of (i) Executive Vice President and Chief Financial Officer or (ii) President and Chief Executive Officer, you may elect to terminate your employment for “Good Reason” on or before January 1, 2025 and be entitled to an 18-month “Severance Period” under the Company’s Severance Policy for Key Executives.

3.Equity Incentive: You will receive an equity grant of Restricted Stock Units (“RSUs”) on September 15, 2022 under the EIP with a value equal to $1,750,000. The actual number of RSUs issued will be equal to $1,750,000 divided by the volume weighted average price per share on the Nasdaq Global Select Market of the common stock of LKQ on September 15, 2022. These RSUs will vest 25% approximately every six months over two years with the first vesting occurring on or about March 1, 2023 and the last vesting occurring on or about September 1, 2024.

4.Employee Benefits: You will be issued a GeoBlue card for you and your eligible dependents to participate in the GeoBlue Plan. This Plan provides insurance coverage for you and your family’s medical, dental and vision needs in both the US and the assignment country.You will be charged the same premium amounts that the Company charges its U.S. employees for medical (Plan D), dental and vision coverage.You will be eligible to continue to participate in the LKQ Corporation 401(k) Plan and Plus Plan. The Company will reimburse you for the cost associated with your family joining a health club.

5.Tax Equalization: Tax equalization will be provided to you on your total compensation on the basis of Illinois residency in the United States. You will need to meet with a representative from a tax advisor selected by you and the Company, at the Company’s cost, to review the tax implications of this assignment to you. Allowances and other items provided to you as part of this assignment will be grossed up and then will be tax equalized. During the term of this assignment, the Company will provide annual tax preparation services to you at the Company’s expense, and upon completion of the assignment will continue to provide tax services at the Company’s expense until such time as foreign tax equalization or return preparation is no longer required as a result of this assignment.

6.Relocation: During the course of your assignment, you will be required to relocate to Switzerland, and the Company will assign a relocation consultant at the Company’s expense to assist your family with your relocation. The Company will reimburse you and your eligible dependents for air fare between Chicago and Zurich, Switzerland. To help you and your dependents integrate into the predominantly German-speaking population, the Company will retain and pay for up to 50 hours of German-language lessons for you and each of your dependents during your assignment. It is expected that you will continue to retain your residence in Illinois and all cost for continued ownership of that home will be paid by you.

Exhibit 10.1

7.Housing Allowance: During the course of your assignment, the Company will provide you with a housing allowance to cover rent and utilities for a furnished residence in Switzerland. Additionally, you will be provided a one-time household goods allowance of $25,000 for the shipment of household goods to your residence in Switzerland and/or the purchase of household goods by you. You will need to provide receipts for reimbursement of any of these costs and fees.

8.Company Vehicle: You will be provided a Company vehicle commensurate with the incumbent LKQ Europe CEO’s class of vehicle for your use during the course of this assignment. The Company will pay the monthly lease cost, initial down payment, insurance, parking and fuel for business. You are permitted to use the vehicle for personal use and will be taxed as appropriate for any non-business use mileage. Your spouse will be authorized to drive this vehicle. The Company will also reimburse you the costs associated with leasing a vehicle for your spouse.

9.Education: The Company will pay all tuition and registration fees for your daughter to attend an American or International school in Switzerland.

10.Dependent Child Travel: As one of your daughters will not accompany you on this assignment, the Company will reimburse you for up to a maximum of four trips in a twelve-month period for her travel between the U.S. and Zurich. This travel will be reimbursed at premium plus fare and will be based on the fare level between Chicago, Illinois and Zurich, Switzerland.

11.Immigration: The Company will retain and pay for immigration attorneys and all related fees and costs to ensure you and your eligible dependents obtain any necessary visas, work permits, residency permits, etc. All immigration paperwork must be completed and approved by the immigration authorities at the assigned expatriate location prior to the start of the assignment. While the Company secures such approvals on behalf of you and your eligible dependents to reside and work in Switzerland, you will perform the job duties of Executive Vice President of the Company and Chief Executive Officer and Managing Director of LKQ Europe from your residence in Illinois.

12.Repatriation: Upon completion of the assignment, the Company will reimburse you and your eligible dependents for air fare between Zurich, Switzerland and Chicago, IL. The Company will also provide you with a household goods moving allowance of up to $25,000 for the shipment of household goods from Switzerland to Chicago, IL.

13.Governing Law and Choice of Forum: This agreement, the terms of your assignment, and your ongoing relationship with the Company during your assignment will be governed by Illinois law. You and the Company agree to arbitrate any dispute arising out of or relating to this letter agreement or your services provided pursuant to this letter agreement at JAMS Chicago Mediation, Arbitration, and ADR Services (“JAMS”), subject to the Federal Rules of Civil Procedure, with all associated arbitration fees and costs payable by the Company. Any arbitration must be initiated within the applicable statute of limitations, and shall be preceded by mediation through JAMS within 120 days of any notice of dispute, with all associated mediation fees and costs payable by the Company.

14.Termination of Employment: The Company may terminate your employment for “Cause” as defined in the Company’s Severance Policy for Key Executives. If the Company terminates your employment without Cause, your “Severance Period” will extend through June 30, 2026 under the Company’s Severance Policy for Key Executives.

I look forward to your positive response to this offer. Upon acceptance of this offer, we will submit the proposal to the Company’s Board of Directors for approval.

Sincerely,

/s/ Dominick Zarcone             

Dominick Zarcone

President and Chief Executive Officer

Cc: Genevieve Dombrowski, Matt McKay

Reviewed and agreed to by:

/s/ Varun Laroyia

_____________________________

Varun Laroyia

EX-10.2

Exhibit 10.2

MEMORANDUM

TO: RICK GALLOWAY

FROM: NICK ZARCONE

DATE: SEPTEMBER 14, 2022    

SUBJECT: CFO COMPENSATION

The following summarizes your compensation in connection with your promotion to the position of Senior Vice President and Chief Financial Officer of LKQ Corporation on September 15, 2022 (the “Effective Date”).

1.Annual base salary of $575,000 commencing as of the Effective Date.

2.Minimum, target and maximum potential 2022 bonus payout percentages of 20/40/80 (multiplied by your base salary prior to the Effective Date) on the NA Wholesale bonus plan for the portion of the calendar year prior to the Effective Date and percentages of 30/60/120 (applied to your base salary after the Effective Date) on the Global bonus plan for the portion of the calendar year after the Effective Date.

3.You will continue to be eligible to participate in the LKQ Corporation 1998 Equity Incentive Plan (EIP) under which you will receive annual grants of equity awards. You will receive a grant of Restricted Stock Units (“RSUs”) on September 15, 2022 under the EIP with a value equal to $90,000. The actual number of RSUs issued will be equal to $90,000 divided by the volume weighted average price per share on the Nasdaq Global Select Market of the common stock of LKQ on September 15, 2022. The RSUs received by you will vest 16.67% approximately every six months over three years with the first vesting occurring on March 1, 2023. Additionally, on September 15, 2022, you will receive Performance-Based Restricted Stock Units (“PSU-2s”) for the 2021 – 2023 and 2022 – 2024 long-term incentive performance periods. The nominal value of the PSU-2s issued to you will equal $110,000 at target with respect to the 2021-2023 performance period and $220,000 at target with respect to the 2022-2024 performance period and the number of PSU-2s will be calculated using the volume weighted average price per share on the Nasdaq Global Select Market of the common stock of LKQ on September 15, 2022. Notwithstanding the foregoing, all equity awards are subject to (i) approval by LKQ Corporation’s Compensation and Human Capital Committee and (ii) the terms of the EIP, including but not limited to the right of LKQ to modify this program at its discretion.

4.Coverage under the Company’s Severance Policy for Key Executives and the Company’s standard Change of Control Agreement and Indemnification Agreement for executive officers with benefits at levels for the Senior Vice President and Chief Financial Officer (to the extent different than for other officers).

5.Your participation in all LKQ benefit plans, programs, policies, agreements and arrangements will continue in effect as of the Effective Date in accordance with the terms of the applicable governing documents.

EX-10.3

Exhibit 10.3

TERMINATION AGREEMENT

dated

SEPTEMBER 14, 2022

by

LKQ EUROPE GMBH

Company

and

MR. ARND FRANZ

Managing Director

Exhibit 10.3

Termination Agreement

This Agreement is dated September 14, 2022

Between

LKQ Europe GmbH, Zählerweg 10, 6300 Zug (hereinafter the "Company"); and

Mr. Arnd Franz, Lotenbach 2, 6318 Walchwil, Switzerland (hereinafter the "Managing Director").

Recitals

A.WHEREAS the Managing Director is currently employed by the Company pursuant to a managing director service contract concluded between the parties on June 1, 2020 (the "Service Contract");

B.WHEREAS the Managing Director wants to assume a job with a different employer and, therefore, wants to terminate the Service Contract with effect as of October 31, 2022, i.e. prior to the end of the term agreed in the Service Contract;

C.WHEREAS the Company is willing to accept the earlier termination of the Service Contract by mutual agreement;

Now, therefore, in consideration of the mutual covenants and agreements set forth hereinafter, the parties agree as follows:

1.The Service Contract and the employment relationship existing between the parties shall end as of October 31, 2022 (the "Effective Date") and there shall be no extension of the end date of employment for whatever reason including, in particular, incapacity to work due to sickness or accident, military service, any other reason listed in art. 336c of the Swiss Code of Obligations or residual paternity leave.

2.The Company shall continue to pay the Managing Director's base salary and provide the insurance coverage (including pension fund) contemplated by the Service Contract until the Effective Date. Furthermore, the Company shall, on the usual bonus payment date, pay to the Managing Director a pro-rated annual bonus for 2022 based on the number of months he worked for the Company in 2022.

3.The Managing Director shall hand over to the Company all documents and copies thereof belonging or relating to the Company or any undertaking affiliated to the Company in his possession or open to his access by the Effective Date or such earlier date as the Company may designate. By the same date, the Managing Director shall return all property belonging to or made available by the Company or any undertaking affiliated to the Company provided, however, that the Managing Director has to return the company car by the Effective Date only and can continue to use the same for private purposes until such time as per the Service Agreement. The Managing Director, furthermore, shall destroy on his own data processing equipment all electronically-stored non-public information belonging or referring to the Company or any undertaking affiliated to the Company by the Effective Date or such earlier date as the Company may designate but before doing so will have ascertained that the Company has a copy thereof.

4.During the term of the Service Contract and thereafter the Managing Director shall keep strictly confidential and neither use for his own purposes or that of others nor make known to any third person any information, knowledge or data with respect to the Company or any undertaking affiliated to the Company or of any products, improvements, formulas, recipes, designs, processes, customers, methods of distribution or methods of manufacture or operation, sales, prices, profits, costs, contracts, suppliers, business prospects, business methods, techniques, research or development, trade secrets, or know-how or data which at such time of disclosure or use is not publicly known and in the public domain. To the extent that the Managing Director is bound by a secrecy or non-disclosure obligation that exceeds his obligations under this Section 4, such obligation shall not be affected by this Agreement but shall continue to remain in full force and effect.

5.The Managing Director will, until the second anniversary of the Effective Date, not hire, on his own behalf and on behalf of any third party, any senior employees of the Company or of any undertaking affiliated to the Company.

6.The Managing Director shall, upon first request by the Company, resign as the Chief Executive Office and Managing Director of the Company and resign from all other director and officer roles held at any affiliated companies of the Company and sign such documents as the Company or affiliate companies may reasonably request to effect such resignation and its registration in the commercial register.

7.Both parties hereby release and forever discharge the other party of and from any and all claims of any nature whatsoever. This release does not include the rights and obligations of the parties arising out of this Agreement.

Exhibit 10.3

8.The terms of this Agreement constitute the entire agreement and understanding between the parties hereto and it supersedes and replaces all prior negotiations, agreements, arrangements, or understandings (whether implied or expressed, oral or in writing), all of which are hereby treated as terminated by mutual consent.

9.Modifications of and amendments to this Agreement, including this Section 9, shall exclusively be made in writing, i.e. by a document that is duly signed by both parties.

10.The present Agreement shall be governed by Swiss law.

Place and date	Place and date
Zug, 14 Sept. 2022	Stuttgart, 14 Sept. 2022
The Company LKQ Europe GmbH	The Managing Director
/s/ Yanik Cantieni	/s/ Arnd Franz
Yanik Cantieni	Arnd Franz

EX-99.1

Exhibit 99.1

LKQ Corporation Announces New Leadership Appointments

Varun Laroyia Appointed Chief Executive Officer and Managing Director of LKQ Europe;

Rick Galloway Appointed Senior Vice President and Chief Financial Officer of LKQ

Chicago, IL (September 19, 2022) -- LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, today announced the following leadership appointments, effective immediately:

•Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe. Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group (“Mahle”) as its Chief Executive Officer, where he spent 18 years prior to joining LKQ Europe.

•Rick Galloway, Chief Financial Officer of LKQ’s Wholesale - North America and Self Service segments, has been appointed as LKQ’s Senior Vice President and Chief Financial Officer.

“Varun has been a driving force and passionate change agent for LKQ the past five years,” stated Dominick Zarcone, President and Chief Executive Officer. “With his tremendous leadership and knowledge of the Company and our European markets, I am thrilled that Varun is taking this role. Varun has been my trusted partner in the transformation of LKQ. He has brought tremendous focus to our operational excellence program, establishing important performance metrics and reviews, dramatically improving our working capital efficiency and cash flow, rigorously reviewing our portfolio of businesses, and thoughtfully driving capital allocation decisions. This experience and his strategic vision will play a critical role in taking LKQ Europe to an even higher level of success. Importantly, this leadership transition comes at a time when the European business is on track to deliver on its long-term operational and financial targets.”

Mr. Laroyia commented, “I am excited by the opportunity to take on the role of CEO of LKQ Europe and lead the largest distributor of automotive mechanical parts in Europe. I look forward to working with all our key stakeholders, including our customers, vendor partners, and talented team across Europe, to accelerate progress on the tremendous opportunities that exist within our European business. My priorities will be to deepen our competitive position, grow the business faster than the market, continue the earnings momentum, and generate free cash flow.”

“Rick has been a key contributor to the achievement of the record-level EBITDA margins in our Wholesale - North America and Self Service segments the past few years, having generated significant operational and financial efficiencies,” said Mr. Zarcone. “He is a natural fit and will provide continuity as we execute on our strategic priorities to deliver value for our stockholders. We believe Rick’s wealth of operational experience and clear understanding of our returns-focused strategy will serve LKQ well.”

“It is an honor to take on this new position at an important time for the Company,” commented Mr. Galloway. “LKQ is well positioned for long term success, and I look forward to driving our financial and strategic initiatives, as well as continuing to execute on our balanced capital allocation strategy, alongside our outstanding finance organization.”

“Varun and Rick's appointments are a testament to the strength of our management team and our focus on talent development and succession planning. On behalf of the Board and our broader leadership team, I want to thank Arnd for his dedication and commitment to LKQ. We wish him success in his new role with Mahle, which continues to be a key supply partner to our European operation,” Mr. Zarcone concluded.

About Varun Laroyia

Mr. Laroyia has served as Executive Vice President and Chief Financial Officer of LKQ since 2017. Prior to joining the Company, he served as the Chief Financial Officer of CBRE’s Global Workplace Solutions (GWS) business, following CBRE’s acquisition of the GWS business from Johnson Controls Inc. (“JCI”), where he held various positions including Chief Financial Officer and Vice President of Information Technology. Mr. Laroyia also previously served in various roles at Gateway, General Electric and KPMG in Europe and North America. He is an independent member of the Board of Directors of Univar Solutions, Inc.

About Rick Galloway

Mr. Galloway has served as Chief Financial Officer of LKQ’s Wholesale - North America and Self Service segments since 2019. Prior to joining LKQ, Mr. Galloway held various positions at Alcoa Corporation from 2010 to 2019, including Chief Financial Officer of Alcoa’s Engineered Products and Solutions division, a business that consisted of 97 manufacturing facilities across the globe. Mr. Galloway began his career in public accounting with Grant Thornton as an auditor with clients in various industries, including manufacturing, oil and gas, non-profit, and government.

About LKQ Corporation

LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

Forward Looking Statements

Statements and information in this press release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the “safe harbor” provisions of such Act.

Forward-looking statements include, but are not limited to, statements regarding our outlook, guidance, expectations, beliefs, hopes, intentions and strategies. These statements are subject to a number of risks, uncertainties, assumptions and other factors that may cause our actual results, performance, or achievements to be materially different. All forward-looking statements are based on information available to us at the time the statements are made. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

You should not place undue reliance on our forward-looking statements. Actual events or results may differ materially from those expressed or implied in the forward-looking statements. The risks, uncertainties, assumptions and other factors that could cause actual events or results to differ from the events or results predicted or implied by our forward-looking statements include the factors discussed in our filings with the SEC, including those disclosed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2021 and in our subsequent Quarterly Reports on Form 10-Q. These reports are available on our investor relations website at lkqcorp.com and on the SEC website at sec.gov.

Contact:

Joseph P. Boutross

Vice President, Investor Relations

LKQ Corporation

(312) 621-2793

jpboutross@lkqcorp.com

XML

Form 8-K	Sep. 14, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Sep. 14, 2022
Entity Registrant Name	LKQ CORPORATION
Entity Incorporation, State or Country Code	DE
Entity File Number	000-50404
Entity Tax Identification Number	36-4215970
Entity Address, Address Line One	500 West Madison Street
Entity Address, Address Line Two	Suite 2800
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60661
City Area Code	312
Local Phone Number	621-1950
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $.01 per share
Entity Central Index Key	0001065696
Trading Symbol	LKQ
Security Exchange Name	NASDAQ
Amendment Flag	false