---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-23-000039"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:17:18.764241+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001395942-23-000039
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000039/0001395942-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000039/kar-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-23-000039
- JSON: https://secwatch.observer/filing/0001395942-23-000039.json
- Plain text: https://secwatch.observer/filing/0001395942-23-000039.txt

## Key facts
- Executive change
  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
  source text: appointed Brad S. Lakhia as Executive Vice President and Chief Financial Officer of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000039/0001395942-23-000039-index.htm
- Executive change
  Scott A. Anderson changed role as Chief Accounting Officer at OPENLANE, Inc..
  - Role: Chief Accounting Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000039/0001395942-23-000039-index.htm

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