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  "documentTitle": "LKQ | Investor Presentation Deck | 64 slides",
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  "authorName": "LKQ",
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  "presentationDate": "2023-05-01 00:00:00",
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  "notes": "Includes footnotes referencing specific exhibits in the 2022 Form 10-K.",
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      "text": "The compensation program developed by the Compensation Committee is designed to drive shareholder value",
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      "text": "The Compensation Committee of LKQ's board carefully considers the most effective ways to motivate and incentivize management to accomplish specific strategic goals. Objective, tailored metrics with challenging performance targets are chosen annually to align LKQ's compensation program with its strategic plan and effectively align the interests of management with shareholders. Beginning in 2019, the Committee selected adjusted EBITDA, EBITDA margin percentage and free cash flow(1) as the performance metrics under the annual incentive program to focus management on profitability and the optimization of cash flow. Beginning in 2019, the Committee selected organic parts and services revenue growth, adjusted EPS and ROIC(2) as the performance metrics under the long-term incentive program and shifted 50% of the long-term incentives for executive officers from cash to performance share units. Beginning in 2021, the Committee added an ESG modifier (+/- 10%) to the Company's long-term cash incentive plan. The interests of each of LKQ's current board members and executives are closely aligned with the shareholders. Together, the LKQ directors and executive officers beneficially own more than 1.3 million shares of LKQ common stock. All of LKQ's compensation plans are designed to create a pay-for-performance culture and grant a high percentage of at-risk compensation.",
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      "text": "(1) See the definition of adjusted EBITDA, EBITDA margin percentage and free cash flow in Exhibit 10.11 (Form of LKQ Corporation Annual Cash Bonus Award Memorandum) of our 2022 Form 10-K. (2) See the definition of organic parts and services revenue growth, adjusted EPS and ROIC in Exhibit 10.12 (Form of LKQ Corporation Long-Term Cash Incentive Award Memorandum) of our 2022 Form 10-K.",
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