secwatch.observer — SEC 8-K summary
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Issuer:     LKQ CORP (LKQ)
CIK:        0001065696
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001065696-22-000064
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LKQ appoints Varun Laroyia as CEO of Europe, Rick Galloway as CFO; Arnd Franz departs
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- Varun Laroyia, former EVP/CFO, becomes CEO and Managing Director of LKQ Europe, succeeding Arnd Franz.
- Arnd Franz leaves to join Mahle Group as CEO; receives termination agreement with salary through Oct 31, 2022 plus pro rata bonus.
- Rick Galloway, formerly CFO of Wholesale NA and Self Service, appointed Senior VP and CFO of LKQ.
- Laroyia receives RSUs valued at $1.75M, relocation, housing allowance, and tax equalization.
- Galloway's salary raised to $575,000; receives $90,000 RSU grant and performance-based RSUs totaling $330,000 at target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065696/000106569622000064/0001065696-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065696/000106569622000064/lkq-20220914.htm
  HTML page:      https://secwatch.observer/filing/0001065696-22-000064

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