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Actionable news in KAR: KAR AUCTION SERVICES Inc,

KAR Auction Services director just declared owning 13,500 shares of KAR Auction Services

Mark E Hill, a director of KAR Auction Services, has just filed an initial statement of beneficial ownership where 13,500 shares of KAR Auction Services were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Hill. Hill operates out of Carmel, IN. Some additional info was provided as follows:

The phantom stock will convert into shares of KAR common stock on a one-for-one basis. The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him pursuant to the deferred compensation plan. Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred...