---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-22-000069"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T13:04:52.722368+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# KAR Auction Services CFO Eric Loughmiller to retire in January 2023

## Summary
- CFO Eric M. Loughmiller notified company of retirement from EVP and CFO roles, effective January 2023.
- Company will begin search for successor; Loughmiller to serve in advisory role post-retirement for smooth transition.
- No successor named yet; transition expected to be orderly with advisory period.

## SEC filing metadata
- accession: 0001395942-22-000069
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000069/0001395942-22-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000069/kar-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-22-000069
- JSON: https://secwatch.observer/filing/0001395942-22-000069.json
- Plain text: https://secwatch.observer/filing/0001395942-22-000069.txt

## Key facts
- Executive change
  Eric M. Loughmiller retired as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..
  - Action: retired
  - Role: Executive Vice President and Chief Financial Officer
  source text: On November 1, 2022, Eric M. Loughmiller, the Company’s Executive Vice President and Chief Financial Officer, notified KAR Auction Services, Inc. (the “Company”) of his intent to retire as the Company’s Executive Vice President and Chief Financial Officer in January 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000069/0001395942-22-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.