TrueCar (TRUE) Proxy Filing summary

Executive summary

• Agreement reached for acquisition by a group led by founder Scott Painter, with closing expected in Q4 2025 or early 2026, pending stockholder and regulatory approvals.

• Transaction will result in the company becoming privately held, with Scott Painter returning as CEO.

• Anticipated benefits include enhanced operational expertise, industry insight, and a renewed focus on innovation.

• Forward-looking statements highlight expectations for business transformation and improved stakeholder value.

Voting matters and shareholder proposals

• Stockholders will vote on the proposed acquisition at a special meeting, with details to be provided in a forthcoming proxy statement.

• Approval by stockholders is a condition for the transaction to proceed.

Board of directors and corporate governance

• Scott Painter, the founder, will return as CEO upon completion of the transaction.

• Information on directors and executive officers is available in the 2025 annual meeting proxy statement.