Reflections-April 2018
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REFLECTIONS<br />
<strong>April</strong> <strong>2018</strong><br />
Commitment • Customer Focus • Execution • Integrity • Leadership • Teamwork • Fun
Background<br />
Mr Dominick Paul Zarcone, also known as Nick, is our<br />
Chief Executive Officer and President since May 2017<br />
and has been LKQ board Director since May 8, 2017.<br />
Nick served as Chief Financial Officer and Executive<br />
Vice President of LKQ Corp. since March 30, 2015 until<br />
May 2017.<br />
Prior to joining LKQ, Nick served as the Managing<br />
Director and the Chief Financial Officer of Baird<br />
Financial Group, a capital markets and wealth<br />
management company and certain of its affiliates<br />
from <strong>April</strong> 2011 to March 2015. Nick served as Treasurer<br />
of Baird Funds, Inc. - Baird Large cap Fund from <strong>April</strong><br />
2011 to March 2015. From February 1995 to <strong>April</strong> 2011,<br />
Nick served as a Managing Director of the Investment<br />
Banking department of Robert W. Baird & Co.<br />
Incorporated. From February 1986 to February 1995,<br />
he was with the investment banking company Kidder,<br />
Peabody & Co., Incorporated, as Senior Vice President<br />
of Investment Banking. He served as the Chief Financial<br />
Officer of Robert W. Baird & Co. Incorporated from<br />
2011 to March 10, 2015 and its Managing Director until<br />
March 10, 2015.<br />
Nick invested 16 years in Robert W. Baird & Co.'s<br />
Investment Banking Department, where he served<br />
as the Chief Operating Officer. Nick was responsible<br />
for managing the Investment Banking activities in the<br />
Services and Technology sectors and his client activities<br />
were primarily focused on providing M&A advisory and<br />
financing services to growth-oriented companies in<br />
the Business Services industry. His extensive transaction<br />
experience includes approximately 100 financing and<br />
advisory assignments, including public offerings, private<br />
placements, mergers and acquisitions and strategic<br />
advisories. Prior to joining Baird in 1995, Nick spent<br />
nine years in the Investment Banking Group at Kidder,<br />
Peabody & Co., working with growth companies in<br />
service industries. Prior to joining Kidder, Peabody &<br />
Co., he spent five years with Beatrice Companies,<br />
Inc. in various financial capacities, the last of which<br />
was Manager-Treasurer for the International Food<br />
Segment. Nick has been Director of Generac Holdings<br />
Inc. since January 1, 2017. Nick is a member of the<br />
Board of Directors of Generac Power Systems, Inc. He<br />
has been a Director of Coast Distribution System Inc.<br />
since August 19, 2015.<br />
Nick received an MBA from the University of Chicago<br />
Graduate School of Business and a BS in Finance with<br />
highest honors from the University of Illinois.<br />
BLOCK<br />
YOUR<br />
DAY<br />
Nick Zarcone - President & CEO:<br />
LKQ Corporation, Addressing India team<br />
Date: <strong>April</strong> 14, <strong>2018</strong><br />
Venue: PremChandraSagar Auditorium,<br />
Dayananda Sagar College,<br />
Kumarswamy Layout,<br />
Schedule: 3:30 p.m. to 7:30 p.m.
Corporate News<br />
LKQ Corporation’s Subsidiary, LKQ European Holdings B.V.,<br />
Announces Pricing of €1.0 Billion Senior Notes<br />
CHICAGO, March 22, <strong>2018</strong> (GLOBE NEWSWIRE) --<br />
LKQ Corporation (Nasdaq:LKQ) today announced<br />
that LKQ European Holdings B.V., a wholly-owned<br />
subsidiary, priced its offering of €1.0 billion in<br />
aggregate principal amount of senior notes. The<br />
offering consists of €750,000,000 3.625% senior notes<br />
due 2026 (the “2026 notes”) and €250,000,000<br />
4.125% senior notes due 2028 (the “2028 notes”<br />
and, together with the 2026 notes, the “notes”).<br />
LKQ European Holdings B.V. will pay interest on the<br />
notes semi-annually on <strong>April</strong> 1 and October 1 of<br />
each year, commencing on October 1, <strong>2018</strong>. The<br />
2026 notes will mature on <strong>April</strong> 1, 2026 and the 2028<br />
notes will mature on <strong>April</strong> 1, 2028. The notes will<br />
be fully and unconditionally guaranteed by LKQ<br />
Corporation and each of its domestic wholly-owned<br />
subsidiaries that are guarantors under its senior<br />
secured credit facility. The company intends to use<br />
the net proceeds from the offering, together with<br />
borrowings under its senior secured credit facility, (i) to<br />
finance a portion of the consideration payable for the<br />
pending Stahlgruber GmbH acquisition, (ii) for general<br />
corporate purposes and (iii) to pay related fees and<br />
expenses, including the refinancing of net financial<br />
debt. The offering is expected to close on or about<br />
<strong>April</strong> 9, <strong>2018</strong>, subject to customary closing conditions.<br />
The notes have not been and will not be registered<br />
under the Securities Act of 1933 (the “Securities Act”) or<br />
the securities laws of any other jurisdiction. As a result,<br />
they may not be offered or sold in the United States or<br />
to any U.S. persons except pursuant to an applicable<br />
exemption from, or in a transaction not subject to,<br />
the registration requirements of the Securities Act. The<br />
notes will be offered only to non-U.S. persons outside<br />
the U.S. pursuant to Regulation S under the Securities<br />
Act and to qualified institutional buyers pursuant to<br />
Rule 144A under the Securities Act.<br />
This announcement does not constitute an offer to sell<br />
or the solicitation of an offer to buy the notes in the<br />
offering, nor shall there be any sale of such notes in<br />
any jurisdiction in which such offer, solicitation or sale<br />
would be unlawful prior to registration or qualification<br />
under the securities laws of any such jurisdiction.<br />
This press release is being issued pursuant to and in<br />
accordance with Rule 135c under the Securities Act.<br />
For more information, refer LKQ Corp website<br />
LKQ Global Leadership Meet<br />
with Justin Jude & Jack Patterson<br />
with Nick Zarcone
About Team<br />
LKQ Global Voice Operations Team manages the<br />
VoIP Infrastructure of Keystone Automotive Operations<br />
– (India) & LKQ Corporation, provides support for the<br />
smooth functioning of the telecom infrastructure.<br />
VoIP Operations Team<br />
The Primary objective of the VoIP operations team is<br />
to:<br />
● Provide support for end users to resolve their<br />
telephony issues on day to day basis<br />
● Monitor the events and alerts through the monitoring<br />
tools to keep the system up and running<br />
● Resolve VoIP related issues reported by the users<br />
based on ServiceNow tickets<br />
● Implementation and installation of VoIP across new<br />
sites<br />
Voice Engineering Team<br />
The Primary objective of the voice engineering team<br />
is to:<br />
● Implementation and upgradation of VoIP<br />
infrastructure<br />
● Deployments of new Voice infrastructure<br />
● Support for all the escalated issues from Voice<br />
operations<br />
● Continuously looks for feature enhancements in<br />
Voice Infrastructure<br />
Deliverables<br />
● 24/5 support for VoIP operation support<br />
● On call Weekend support coverage for any critical<br />
issues<br />
● Coordinate with Multiple IT Support teams, Windows/<br />
VM/Network<br />
● Complete Catalog Task, Ad hoc and incident within<br />
SLA<br />
● Change Management for business Critical changes<br />
Technologies<br />
● Cisco Unified Communication Manager<br />
● Cisco Unity Connection<br />
● Cisco IM and Presence (Jabber)<br />
● Cisco Contact Center Enterprise<br />
● Calabrio Call Recording<br />
● ShoreTel PBX<br />
Spot Award Winners<br />
Manjunath DK<br />
KAO: AR<br />
Fayaz Ahamad<br />
ECP: Pricing & Analytics<br />
Rakesh P C<br />
LKQ: Salvage Procurement<br />
Lokesh P<br />
ECP: Finance
Auto News<br />
<strong>April</strong> 3, <strong>2018</strong><br />
U.S. Auto Sales jumped in March: GM, Fiat<br />
Chrysler, Toyota increase<br />
As Americans deepen their love of sport utility vehicles,<br />
automakers felt the effect when it came to March sales.<br />
Collectively, they reported an unexpectedly strong<br />
month in March amid strong consumer confidence<br />
despite stock market volatility.<br />
Sales of new vehicles jumped 6% for the month,<br />
compared with a year earlier, according to Autodata.<br />
For the month, the traditional Detroit Three automakers<br />
had strong month based almost exclusively on their<br />
SUVs, crossovers and pickups.<br />
General Motors recorded a surprising 15.7% sales<br />
increase, far outpacing expectations. Ford Motor<br />
was up 3.5% and Fiat Chrysler rose 13.6%. Among the<br />
Japanese automakers, Toyota was up 3.5%, Nissan<br />
declined 3.7%, Honda rose 3.8% and Subaru continued<br />
its hot sales streak with a 5.9% increase.<br />
Wild swings in stock prices, higher gasoline prices<br />
and higher interest rates weren’t enough to keep car<br />
buyers out of the showroom.<br />
https://www.usatoday.com/story/money/<br />
cars/<strong>2018</strong>/04/03/u-s-auto-sales/480980002<br />
MARCH <strong>2018</strong> US LV SALES<br />
FORECAST v REPORTED UNITS<br />
Forecast LV Sales<br />
1.60 million<br />
Forecast LV SAAR<br />
16.9 million<br />
Actual LV Sales<br />
1.65 million<br />
Actual LV SAAR<br />
17.4 million<br />
Wards Intelligence tracks light-vehicle (LV)<br />
deliveries throughout sales reporting day.<br />
http://www.theengineblock.com/jl-lift-kit-rubiconexpress-2-0-system<br />
http://wardsauto.com/data-insights/analysis/March-<br />
<strong>2018</strong>-us-lv-sales-thread<br />
March 20, <strong>2018</strong>, Kris Lavery<br />
JL Lift Kit – Rubicon Express 2.0 System<br />
The desire to run bigger tires and wheels is the driving<br />
force behind the sales of lift kits, and the <strong>2018</strong> Jeep<br />
Wrangler JL is sure to be a popular platform for<br />
suspension upgrades. The JL is in its infancy regarding<br />
its life cycle. However, aftermarket manufacturers<br />
have been hard at work to get lift kits to market for<br />
the new Wrangler. Easter Jeep Safari, the annual<br />
“Mecca” of Jeepdom held annually in Moab, Utah,<br />
has accelerated this process. If you’re lucky to be<br />
among the Red Rock 4-Wheelers and Jeep revelers<br />
this year, you may catch a glimpse of the subject of<br />
today’s post in action. Introducing the 2.0 lift kit for the<br />
<strong>2018</strong> JL Wrangler.<br />
JL Lift Kit – If It Ain’t Broke…<br />
If you drive a lifted JK and you haven’t test driven a<br />
JL, keep it that way. Don’t do it to yourself, your family,<br />
or your bank account. Just walk away. Because once<br />
you experience the butter-smooth (for a Jeep) ride<br />
and handling of the JL’s suspension, you’ll be tapping<br />
into Junior’s college fund. For those that already own a<br />
JL and know how great it rides, you might be skeptical<br />
about a lift ruining your ride quality. No worries as<br />
Rubicon Express has been an innovator and authority<br />
in Jeep suspension. They recognize that FCA got it<br />
right with the new JL, so the best way to get larger tires<br />
underneath your new Wrangler is with a spacer lift.<br />
Coil Spacers added to the new JL in this 2″ JL lift kit<br />
from Rubicon Express give you a nice stance and<br />
clearance for 35″ tires. That is, unless you spring for a<br />
Rubicon model, in which case you can safely run 37s.<br />
Shock absorber extensions, sway bar drops and bump<br />
stop extensions retain all of the other finely-tuned<br />
suspension components. Maintaining the factory<br />
geometry of the JL Wrangler virtually eliminate the<br />
chance of changing your Jeep’s ride characteristics.<br />
Spot Award Winners<br />
Vaibhav Chowdary<br />
KAO: MDM<br />
Basavaraj Tallolli<br />
Common: IT<br />
Arun D J<br />
LKQ: Parts Trader<br />
Mukesh B P<br />
LKQ: IT
Visitors Section<br />
Parts Trader<br />
Chris Read<br />
Chris Read - Supervisor, Insurance Call Center, LKQ Corporation<br />
Ryan Paparone - National Account Manager – Business Technology, LKQ Corporation<br />
Ryan Paparone<br />
Forgotten Indian Childhood Games<br />
That Need To Be Revived Before They Are Lost Forever<br />
Forgotten Indian Childhood Games<br />
Lagori, Kancha, Gilli-danda, Kho Kho – recognise any<br />
of these names? If you’re in your 40s or 50s, the mere<br />
mention is bound to evoke nostalgia for summer days<br />
spent playing outdoors with friends. If you’re in your<br />
20s or 30s, your parents and grandparents could tell<br />
you a tale or two about the magic of these childhood<br />
games.<br />
But will the children of this generation have the same<br />
memories? Most likely not, because many of them<br />
spend their time playing video games in a virtual world.<br />
This addiction has brought the classic Indian games<br />
mentioned above, and many others, to the brink of<br />
extinction.<br />
Kancha or Marbles<br />
This is still a popular game among kids in rural<br />
areas. The game is played with round glass<br />
marbles and the motive is to collect as many<br />
marbles as possible by shooting and striking<br />
other marbles with the ones you have.<br />
Played by: Any number of people<br />
We will continue to look on these forgotten games in<br />
our monthly articles.
CARE FOR NATURE - No Tissue Day<br />
It is very important for each and every one of us to<br />
protect the environment and Mother nature. Our<br />
modern day life style-urge to get things done in much<br />
faster and easier way has its effects on the nature.<br />
It is high time now for us to stand and contribute in<br />
whatever little way we can to protect the Mother<br />
nature.<br />
So we as ONE KEYSTONE FAMILY would continue to<br />
observe one day at our organisation (JPN & BTM) as<br />
“NO TISSUE DAY ( Facial Tissues)”. Which means that<br />
on the day, we will volunteer as one family and limit<br />
the use of tissue for one entire day (All shifts).<br />
When: Third Friday of every<br />
month<br />
How we could help: By not<br />
using facial tissues for a day<br />
How will it help: Save trees<br />
being cut & water being<br />
used for tissue manufacture<br />
Here are some fun facts about the tissue paper usage across the globe.<br />
1. Tissue accounts for greater than 15% of deforestation<br />
2. We throw away enough paper to make tissue paper for a lifetime<br />
3. To make one ton of paper towels, 17 trees are cut down and 20,000 gallons of water are consumed<br />
4. Decomposing paper towels produce methane gas. Methane gas is a leading cause of global warming<br />
5. The average person uses 2,400 – 3,000 paper towels at work, in a given year<br />
6. Tissue paper wipes out 27,000 trees a day. Worldwide, the equivalent of almost 270, 000 trees is either flushed<br />
or dumped in landfills every day and roughly 10% of that total is attributable to tissue paper, according to<br />
the latest issue of World Watch magazine
The most electrifying cricket<br />
tournament is back with more<br />
merriment and money.<br />
The Indian Premier League (IPL), officially Vivo Indian Premier League founded by BCCI, is a professional<br />
franchise based Twenty20 cricket league in India contested during <strong>April</strong> and May of every year by teams<br />
representing Indian cities and few cricket playing countries.<br />
The IPL is the most-attended cricket league in the world and in 2014 ranked sixth by average attendance<br />
among all sports leagues. In 2010, the IPL became the first sporting event in the world to be broadcast live on<br />
YouTube. The brand value of IPL in 2017 was US$5.3 billion, according to Duff & Phelps. According to BCCI, the<br />
2015 IPL season contributed 11.5<br />
billion INR (US$182 million) to the<br />
GDP of the Indian economy.<br />
The league’s format is similar<br />
to that of the Premier League<br />
of England and the NBA in the<br />
United States.<br />
There have been ten seasons<br />
of the IPL tournament. IPL <strong>2018</strong><br />
will start from 7 th <strong>April</strong> <strong>2018</strong> and<br />
conclude at 27 th May <strong>2018</strong>.<br />
Chennai Super Kings, Delhi<br />
Daredevils, Kings XI Punjab,<br />
Kolkata Knight Riders, Mumbai<br />
Indians, Rajasthan Royals,<br />
Royal Challengers Bangalore,<br />
Sunrisers Hyderabad are the 8<br />
participating team.<br />
Look for more updates in our<br />
next edition.<br />
Leading from where we are...<br />
Helpdesk Number<br />
Location<br />
Department JP Nagar BTM<br />
Front Office 8505 3200 8505 3300<br />
HR 8505 2555 8505 2523<br />
Admin & Facilities 8505 2566 8505 2527<br />
Travel Desk 8505 3003<br />
IT Support 8505 5555<br />
POSH (Prevention of Sexual<br />
Harassment)<br />
8505 2512 8505 2523<br />
ERT (Emergency Response Team) 8505 2568 8505 2520<br />
ICT (Internal Communications Team) 8505 2515 8505 2779<br />
Upcoming Event<br />
Keystone Premier<br />
Cricket League<br />
KPCL - <strong>2018</strong><br />
Date: 21 st & 22 nd <strong>April</strong> <strong>2018</strong><br />
Venue: VET College grounds, JP Nagar<br />
Get aligned… Get prepared…<br />
Get ready for another fun filled<br />
sport event of the year<br />
Anonymous Hotline: Call toll - free: +1-800-040-1337/Report Online www.lkqcorp.ethicspoint.com<br />
We would love to hear from you!<br />
Visit us: http://connect.key-stone.com<br />
If you have any suggestions or thoughts about the newsletter<br />
please email us at jxreddy@lkqcorp.com