Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 127

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 127
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 other transaction acceptable to the Company will be offered or that the business, operations, financial condition, earnings or prospects of the Company will not be adversely impacted or that stockholders will ever receive a control premium for their shares. Pursuant to the Merger Agreement, under certain circumstances the Company is permitted to terminate the Merger Agreement in order to enter into an alternative transaction. Please see the section of this proxy statement entitled “The Merger Agreement — Termination of the Merger Agreement.”

Under certain circumstances, if the Merger is not completed, the Company may be obligated to reimburse the Deposit Amount to Parent and either: (i) pay a Termination Fee and Parent’s Enforcement Expenses (if any) to Parent; or (ii) reimburse Parent and its affiliates (including for this purpose, the Investor) for Parent Transaction Expenses (provided that the maximum amount of Parent Transaction Expenses for which the Company will be obligated to reimburse Parent and its affiliates (including for this purpose, the Investor) will not exceed $3,000,000 in the aggregate). Similarly, under certain circumstances, if the Merger is not completed, Parent may be obligated to pay the Parent Termination Fee and the Company’s Enforcement Expenses (if any) to the Company (which obligations of Parent would be satisfied through the Company’s retention of the Deposit Amount and, in the case of its Enforcement Expenses, the investment earnings and interest earned thereon). Please see the section of this proxy statement entitled “The Merger Agreement — Termination Fees and Expenses; Limitations on Liability.”

Interests of Executive Officers and Directors of TrueCar in the Merger

In considering the recommendation of the Board that TrueCar Stockholders adopt the Merger Agreement, TrueCar Stockholders should be aware that the executive officers and directors of TrueCar have certain interests in the Merger that may be different from, or in addition to, the interests of TrueCar Stockholders generally. The Board was aware of these interests and considered them, among other matters, in approving the Merger Agreement and the transactions contemplated thereby, including the Merger, and in making its recommendation that TrueCar Stockholders approve the Merger Agreement.

For purposes of this disclosure, the Company’s executive officers are the NEOs listed below, including Mr. Ku, whose employment with the Company was terminated on September 1, 2025.

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Jantoon E. Reigersman, President and Chief Executive Officer;

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Oliver M. Foley, Chief Financial Officer;

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Jill S. Angel, Chief Operating Officer;