KAR Global appoints Brad Lakhia as EVP & CFO, effective April 17, 2023

OPENLANE, Inc.

Brad Lakhia appointed EVP and CFO effective Apr 17, 2023; reports to CEO Peter Kelly.
Succeeds Scott Anderson, who returns to Chief Accounting Officer role (interim CFO since Jan 1).
Lakhia previously VP Finance, Americas at Goodyear (unit with >$10B revenue); 25+ years experience.
Receives $500K cash sign-on (repayable if leaves within 2 years) and $400K RSU award vesting over 2 years.
Severance: 1.5x salary+bonus for without cause/good reason; 2x if within 2 years of change of control.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Brad S. Lakhia

Executive Vice President and Chief Financial Officer

OPLN · OPENLANE, Inc.

Effective: 2023-04-17
Filed: April 17, 2023, 7:59 PM ET

appointed Brad S. Lakhia as Executive Vice President and Chief Financial Officer of the Company, effective immediately.

Role change

Scott A. Anderson

Chief Accounting Officer

OPLN · OPENLANE, Inc.

Effective: 2023-04-17
Successor: Brad S. Lakhia
Filed: April 17, 2023, 7:59 PM ET

who served as interim Chief Financial Officer from January 1, 2023 through April 16, 2023. Mr. Anderson will continue to serve as the Company's Chief Accounting Officer and principal accounting officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brad S. Lakhia was appointed as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

appointed Brad S. Lakhia as Executive Vice President and Chief Financial Officer of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott A. Anderson changed role as Chief Accounting Officer at OPENLANE, Inc..

Role: Chief Accounting Officer

Exact text from the filing

who served as interim Chief Financial Officer from January 1, 2023 through April 16, 2023. Mr. Anderson will continue to serve as the Company's Chief Accounting Officer and principal accounting officer.

View on SEC.gov

OPENLANE, Inc. filing history →

Source: SEC EDGAR

accession 0001395942-23-000039

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.