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SEC Filings

PENSKE AUTOMOTIVE GROUP, INC. filed this Form DEF 14A on 03/16/2017
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We paid the independent auditing firms the fees described below in 2016 and 2015, all of which services were approved by our Audit Committee:

Audit Services:

audits of our consolidated financial statements
audits of management's assessment of internal control over financial reporting
reviews of quarterly financial statements
other services normally provided in connection with statutory or regulatory engagements

Audit Related Services:

services in connection with registration statements filed with the Securities and Exchange Commission
acquisition due diligence
audits of benefit plans
consents and comfort letters
accounting research and consultation

Tax Fees:

services rendered by the independent auditing firms in connection with tax compliance, planning and advice, including in connection with acquisitions.

All Other Fees:

primarily related to software charges.






















Audit Fees

  $ 2,131,685   $ 1,535,959   $ 574,848   $ 1,119,386    

Audit Related Fees

    122,100     265,500     203,960     8,000    

Tax Fees


Tax Compliance

    185,884     340,908            

Other Tax Fees

  236,909   421,354        

All Other Fees

            7,440     8,940    

Total Fees

  $ 2,676,578   $ 2,563,721   $ 786,248   $ 1,136,326    

The Audit Committee has considered the nature of the above-listed services provided by the independent auditing firms and determined that they are compatible with their provision of independent audit services under relevant guidance. The Audit Committee has discussed these services with the independent auditing firms and management and determined that they are permitted under the Code of Professional Conduct of the American Institute of Certified Public Accountants, the auditor independence requirements of the Public Company Accounting Oversight Board, and the laws and regulations administered by the Securities and Exchange Commission.

Pre-approval Policy.    The Audit Committee has adopted a policy requiring pre-approval of all audit and non-audit services provided by the independent auditing firms. The primary purpose of this policy is to ensure that we engage our public accountants with a view toward maintaining independence. The Audit Committee is required to pre-approve all services relating to work performed for us by our independent auditing firms and related fees. The Audit Committee must also approve fees incurred for pre-approved services that are in excess of the approved amount. Pre-approval of audit and non-audit services and fees may be given at any time up to a year before commencement of the specified service. The Chairman of the Audit Committee may independently approve fees and services as long as they are reviewed and ratified by the Audit Committee at its next regularly scheduled meeting. All of the services and related fees set forth above were approved by the Audit Committee in accordance with this policy.