8-K
filed June 5, 2023, 7:59 PM ET
ticker OPLN
CIK 0001395942
debt
confidence high
sentiment positive
materiality 0.60
OPENLANE completes tender offer for $140M of 5.125% notes due 2025, 40% tendered
OPENLANE, Inc.
- OPENLANE accepted $140M principal of 5.125% Senior Notes due 2025, representing 40% of outstanding.
- Purchase price at 100% of principal plus accrued interest through June 5, 2023.
- Shareholders elected all ten director nominees; Apax designee Roy Mackenzie elected by separate class vote.
- Advisory vote approved executive compensation; annual frequency selected; KPMG ratified as auditor.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
OPENLANE, Inc. shareholders approved Ratification of Appointment of KPMG LLP as Independent Registered Public Accounting Firm at the 2023-06-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
Ratification of Appointment of KPMG LLP: FOR AGAINST ABSTAIN 138,241,626 300,349 17,152
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
OPENLANE, Inc. shareholders approved Advisory Vote on Executive Compensation at the 2023-06-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
Advisory Vote on Executive Compensation: FOR AGAINST ABSTAIN BROKER NON VOTES 116,894,691 17,285,804 50,209 4,328,423
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
OPENLANE, Inc. shareholders approved Advisory Vote on Frequency of Advisory Vote on Executive Compensation at the 2023-06-02 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
Advisory Vote on Frequency of Advisory Vote on Executive Compensation: EVERY YEAR EVERY 2 YEARS EVERY 3 YEARS ABSTAIN BROKER NON VOTES 127,623,159 12,526 6,580,818 14,201 4,328,423
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
OPENLANE, Inc. shareholders approved Election of Director (Nominee Designated by Apax Investor) at the 2023-06-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
Election of Director (Nominee Designated by the Apax Investor):* NAME FOR AGAINST ABSTAIN BROKER NON VOTES Roy Mackenzie 35,776,676 0 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
OPENLANE, Inc. shareholders approved Election of Directors (Other Nine Nominees) at the 2023-06-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-02
Exact text from the filing
Election of Directors (Other Nine Nominees): NAME FOR AGAINST ABSTAIN BROKER NON VOTES Carmel Galvin 130,390,237 3,804,537 35,930 4,328,423 James P. Hallett 133,163,881 1,030,651 36,172 4,328,423 Mark E. Hill 119,245,074 14,948,895 36,735 4,328,423 J. Mark Howell 132,686,150 1,507,832 36,722 4,328,423 Stefan Jacoby 130,358,393 3,835,803 36,508 4,328,423 Peter Kelly 133,229,161 965,200 36,343 4,328,423 Michael T. Kestner 132,599,243 1,594,322 37,139 4,328,423 Sanjeev Mehra 133,105,634 1,087,379 37,691 4,328,423 Mary Ellen Smith 133,253,961 940,804 35,939 4,328,423
View on SEC.gov
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