LKQ Corporation Announces 2nd Annual ‘LKQ Cares Holiday Vote” Charitable Program

Rhea-AI Summary

On November 29, 2022, LKQ Corporation announced its second annual ‘LKQ Cares Holiday Vote’ program, starting on Giving Tuesday and running until December 5, 2022. The company has committed $1 million to charitable organizations, doubling last year's contribution. Each of the ten selected organizations will receive an initial $50,000 donation, with the remaining funds allocated based on votes from stakeholders. The donations are expected to be finalized by January 2023. This initiative highlights LKQ's commitment to community engagement and philanthropic efforts.

Positive

• LKQ has doubled its charitable contribution to $1 million for the 'LKQ Cares Holiday Vote' program.
• Ten charitable organizations are participating, enhancing community engagement.
• $500,000 will be allocated based on stakeholder votes, promoting transparency.

Negative

• None.

CHICAGO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation today announced its 2^nd annual ‘LKQ Cares Holiday Vote’ charitable program commencing on Giving Tuesday, November 29, 2022, running through Monday, December 5, 2022. LKQ has doubled its contribution from last year, committing to donate a total of $1 million to the following philanthropic organizations:

• American Cancer Society
• ASE Education Foundation
• Children’s Miracle Network Hospitals
• Doctors Without Borders
• Folds of Honor
• Marine Toys for Tots
• Nova Ukraine
• One Tree Planted
• The Ocean Cleanup
• World Central Kitchen

“I am proud to kick off our second annual ‘LKQ Cares Holiday Vote’ program that engages all of our stakeholders globally and gives them a voice in determining how LKQ charitable donations are allocated,” said Dominick Zarcone, President and Chief Executive Officer. “At LKQ, we are proud to support national and international charitable organizations who help our communities throughout the world as part of our broader community engagement efforts.”

As part of this program, each of the ten organizations will receive an initial $50,000 donation, with the allocation of the remaining $500,000 in funds to be determined based on votes from LKQ employees, customers, investors, and other stakeholders. The Company expects all donations to be paid by January 2023.

To participate in the LKQ Cares Holiday Vote program and submit your vote, please visit: https://forms.office.com/r/ncNXEhAig1

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.

Contact:

Sandy Pierantoni - Director, Global ESG Strategy & Initiatives
sjpierantoni@lkqcorp.com