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KAR Auction Services, Inc. – ‘10-Q/A’ for 3/31/22 – ‘EX-31.1’

On:  Wednesday, 3/22/23, at 4:41pm ET   ·   For:  3/31/22   ·   Accession #:  1395942-23-31   ·   File #:  1-34568

Previous ‘10-Q’:  ‘10-Q’ on 11/2/22 for 9/30/22   ·   Next:  ‘10-Q/A’ on 3/22/23 for 6/30/22   ·   Latest:  ‘10-Q’ on 5/2/24 for 3/31/24   ·   39 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/22/23  KAR Auction Services, Inc.        10-Q/A      3/31/22   61:6.1M

Amendment to Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q/A      Form 10-Q/A - March 31, 2022                        HTML   1.36M 
 2: EX-31.1     Exhibit 31.1 - CEO Sox 302 Certification            HTML     22K 
 3: EX-31.2     Exhibit 31.2 - CFO Sox 302 Certification            HTML     22K 
 4: EX-32.1     Exhibit 32.1 - CEO Sox 906 Certification            HTML     18K 
 5: EX-32.2     Exhibit 32.2 - CFO Sox 906 Certification            HTML     18K 
11: R1          Document and Entity Information Cover               HTML     75K 
12: R2          Consolidated Statements of Income                   HTML    114K 
13: R3          Consolidated Statements of Comprehensive Income     HTML     44K 
                (Loss)                                                           
14: R4          Consolidated Balance Sheets                         HTML    190K 
15: R5          Consolidated Statements of Stockholders' Equity     HTML     72K 
16: R6          Consolidated Statements of Cash Flows               HTML    127K 
17: R7          Basis of Presentation and Nature of Operations      HTML     36K 
18: R8          Restatement of Previously Issued Consolidated       HTML     33K 
                Financial Statements                                             
19: R9          Pending Sale of ADESA U.S. Physical Auction         HTML     68K 
                Business and Discontinued Operations                             
20: R10         Stock and Stock-Based Compensation Plans            HTML     31K 
21: R11         Net Income (Loss) from Continuing Operations Per    HTML     37K 
                Share                                                            
22: R12         Finance Receivables and Obligations Collateralized  HTML     62K 
                by Finance Receivables                                           
23: R13         Long-Term Debt                                      HTML     48K 
24: R14         Derivatives                                         HTML     31K 
25: R15         Other (Income) Expense, Net                         HTML     30K 
26: R16         Commitments and Contingencies                       HTML     22K 
27: R17         Accumulated Other Comprehensive Loss                HTML     26K 
28: R18         Segment Information                                 HTML     77K 
29: R19         Subsequent Events                                   HTML     20K 
30: R20         Basis of Presentation and Nature of Operations      HTML     34K 
                Accounting Policies (Policies)                                   
31: R21         Restatement of Previously Issued Consolidated       HTML     33K 
                Financial Statements (Tables)                                    
32: R22         Pending Sale of ADESA U.S. Physical Auction         HTML     70K 
                Business and Discontinued Operations (Tables)                    
33: R23         Stock and Stock-Based Compensation Plans (Tables)   HTML     28K 
34: R24         Net Income (Loss) from Continuing Operations Per    HTML     34K 
                Share (Tables)                                                   
35: R25         Finance Receivables and Obligations Collateralized  HTML     58K 
                by Finance Receivables (Tables)                                  
36: R26         Long-Term Debt (Tables)                             HTML     40K 
37: R27         Derivatives (Tables)                                HTML     27K 
38: R28         Other (Income) Expense, Net (Tables)                HTML     27K 
39: R29         Accumulated Other Comprehensive Loss (Tables)       HTML     26K 
40: R30         Segment Information (Tables)                        HTML     76K 
41: R31         Basis of Presentation and Nature of Operations      HTML     55K 
                (Details)                                                        
42: R32         Restatement of Previously Issued Consolidated       HTML     43K 
                Financial Statements (Details)                                   
43: R33         Pending Sale of ADESA U.S. Physical Auction         HTML    132K 
                Business and Discontinued Operations (Details)                   
44: R34         Stock and Stock-Based Compensation Plan Summary     HTML     43K 
                (Details)                                                        
45: R35         Share Repurchase Plan (Details)                     HTML     32K 
46: R36         Net Income (Loss) from Continuing Operations Per    HTML     63K 
                Share (Details)                                                  
47: R37         Finance Receivables and Obligations Collateralized  HTML     73K 
                by Finance Receivables (Details)                                 
48: R38         Long-Term Debt Summary (Details)                    HTML     54K 
49: R39         Credit Facilities (Details)                         HTML     76K 
50: R40         Derivatives (Details)                               HTML     50K 
51: R41         Other (Income) Expense, Net (Details)               HTML     37K 
52: R42         Commitments and Contingencies (Details)             HTML     19K 
53: R43         Accumulated Other Comprehensive Loss (Details)      HTML     27K 
54: R44         Segment Information (Details)                       HTML     93K 
55: R45         Segment Information (Details 2)                     HTML     32K 
56: R46         Subsequent Events (Details)                         HTML     31K 
59: XML         IDEA XML File -- Filing Summary                      XML    108K 
57: XML         XBRL Instance -- kar-20220331_htm                    XML   1.09M 
58: EXCEL       IDEA Workbook of Financial Reports                  XLSX    106K 
 7: EX-101.CAL  XBRL Calculations -- kar-20220331_cal                XML    168K 
 8: EX-101.DEF  XBRL Definitions -- kar-20220331_def                 XML    405K 
 9: EX-101.LAB  XBRL Labels -- kar-20220331_lab                      XML   1.32M 
10: EX-101.PRE  XBRL Presentations -- kar-20220331_pre               XML    779K 
 6: EX-101.SCH  XBRL Schema -- kar-20220331                          XSD    118K 
60: JSON        XBRL Instance as JSON Data -- MetaLinks              373±   574K 
61: ZIP         XBRL Zipped Folder -- 0001395942-23-000031-xbrl      Zip    342K

‘EX-31.1’   —   Exhibit 31.1 – CEO Sox 302 Certification

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

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  Document  

EXHIBIT 31.1
Certification of Chief Executive Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Peter J. Kelly, certify that:
1)I have reviewed this Quarterly Report on Form 10-Q/A of KAR Auction Services, Inc.;
2)Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4)The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5)The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ PETER J. KELLY
Chief Executive Officer
Date: March 22, 2023



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q/A’ Filing    Date    Other Filings
Filed on:3/22/23
For Period end:3/31/2210-Q,  4
 List all Filings 

39 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/04/22  OPENLANE, Inc.                    10-Q        3/31/22   59:6.4M
 2/24/22  OPENLANE, Inc.                    8-K:1,7,9   2/24/22   13:2.3M                                   Toppan Merrill/FA
 2/23/22  OPENLANE, Inc.                    10-K       12/31/21  110:15M
 8/23/21  OPENLANE, Inc.                    8-K:1,8,9   8/20/21   12:1M                                     Toppan Merrill/FA
 4/23/21  OPENLANE, Inc.                    DEF 14A     6/04/21    2:7.6M                                   Toppan Merrill-FA
 3/02/21  OPENLANE, Inc.                    8-K:5,7,9   3/01/21   16:662K
 2/18/21  OPENLANE, Inc.                    10-K       12/31/20  105:14M
11/04/20  OPENLANE, Inc.                    10-Q        9/30/20   68:9.7M
 9/08/20  OPENLANE, Inc.                    8-K:1,8,9   9/02/20   13:1.2M                                   Toppan Merrill/FA
 8/05/20  OPENLANE, Inc.                    10-Q        6/30/20   67:8.8M
 6/29/20  OPENLANE, Inc.                    8-K:1,3,9   6/29/20   13:498K
 6/10/20  OPENLANE, Inc.                    8-K:1,3,5,9 6/09/20   14:1M
 6/01/20  OPENLANE, Inc.                    8-K:1,9     5/29/20   13:468K
 5/27/20  OPENLANE, Inc.                    8-K:1,3,8,9 5/26/20   13:2M                                     Broadridge Fin’l So… Inc
 5/07/20  OPENLANE, Inc.                    10-Q        3/31/20   62:6.7M
 3/13/20  OPENLANE, Inc.                    8-K:5,9     3/09/20   14:503K
 2/19/20  OPENLANE, Inc.                    10-K       12/31/19  108:15M
11/06/19  OPENLANE, Inc.                    10-Q        9/30/19   68:9.1M
 9/20/19  OPENLANE, Inc.                    8-K:1,2,9   9/19/19   11:2.6M                                   Broadridge Fin’l So… Inc
 8/07/19  OPENLANE, Inc.                    10-Q        6/30/19   65:8.7M
 6/28/19  OPENLANE, Inc.                    8-K:1,2,5,8 6/28/19    6:1.3M                                   Broadridge Fin’l So… Inc
 2/21/19  OPENLANE, Inc.                    10-K       12/31/18  104:14M
 2/21/18  OPENLANE, Inc.                    10-K       12/31/17  101:14M
 5/31/17  OPENLANE, Inc.                    8-K:1,2,9   5/31/17    3:2.9M                                   Toppan Merrill/FA
 2/24/17  OPENLANE, Inc.                    10-K       12/31/16  102:19M
 8/03/16  OPENLANE, Inc.                    10-Q        6/30/16   55:7.1M
 3/09/16  OPENLANE, Inc.                    8-K:1,2,9   3/09/16    2:1.8M                                   Toppan Merrill/FA
 2/18/16  OPENLANE, Inc.                    10-K       12/31/15  106:14M
11/04/14  OPENLANE, Inc.                    8-K:5,9    11/04/14    2:279K
 4/29/14  OPENLANE, Inc.                    DEF 14A     6/10/14    1:1.3M                                   Toppan Merrill-FA
 3/12/14  OPENLANE, Inc.                    8-K:1,2,9   3/11/14    3:1.7M                                   Donnelley … Solutions/FA
12/17/13  KAR Auction Services, Inc.        8-K:5,9    12/11/13    6:418K                                   Toppan Merrill/FA
 2/28/12  KAR Auction Services, Inc.        10-K       12/31/11   54:7.9M                                   Toppan Merrill-FA
 8/04/10  KAR Auction Services, Inc.        10-Q        6/30/10    9:1.4M                                   Donnelley … Solutions/FA
12/10/09  KAR Auction Services, Inc.        S-1/A                  6:6.4M                                   Donnelley … Solutions/FA
12/04/09  KAR Auction Services, Inc.        S-1/A                 14:883K                                   Donnelley … Solutions/FA
11/13/08  KAR Auction Services, Inc.        10-Q        9/30/08    7:1.5M                                   Donnelley … Solutions/FA
 9/09/08  KAR Auction Services, Inc.        8-K:1,9     9/04/08   20:3.2M                                   Donnelley … Solutions/FA
 1/25/08  IAA Acquisition Corp.             S-4                  167:19M                                    Donnelley … Solutions/FA
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Filing Submission 0001395942-23-000031   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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