---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-23-000037"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T07:42:43.446604+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# KAR Global Executive Chairman Jim Hallett retires; Michael Kestner named Chairman

## Summary
- James P. Hallett retires as Executive Chairman and Chairman of Board effective March 31, 2023, but remains a board member.
- Michael T. Kestner, former Lead Independent Director, appointed Chairman effective April 1, 2023.
- Peter Kelly continues as CEO of KAR Global.
- Hallett led the company for over 25 years, including digital transformation and IAA spin-off.

## SEC filing metadata
- accession: 0001395942-23-000037
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000037/0001395942-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000037/kar-20230331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-23-000037
- JSON: https://secwatch.observer/filing/0001395942-23-000037.json
- Plain text: https://secwatch.observer/filing/0001395942-23-000037.txt

## Key facts
- Executive change
  James P. Hallett departed as Executive Chairman and Chairman of the Board at OPENLANE, Inc..
  - Action: retire
  - Role: Executive Chairman and Chairman of the Board
  source text: James P. Hallett, the Executive Chairman and Chairman of the Board of Directors (the “Board”) of KAR Auction Services, Inc. (the “Company”), will retire from the Company effective March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000037/0001395942-23-000037-index.htm
- Executive change
  Michael T. Kestner was appointed as Chairman of the Board at OPENLANE, Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: The Board appointed Michael T. Kestner, the Board’s Lead Independent Director, to serve as Chairman of the Board effective April 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000037/0001395942-23-000037-index.htm

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