---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-23-000065"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:14:42.533943+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OPENLANE completes tender offer for $140M of 5.125% notes due 2025, 40% tendered

## Summary
- 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.

## SEC filing metadata
- accession: 0001395942-23-000065
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000065/0001395942-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000065/kar-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-23-000065
- JSON: https://secwatch.observer/filing/0001395942-23-000065.json
- Plain text: https://secwatch.observer/filing/0001395942-23-000065.txt

## Key facts
- Shareholder Votes
  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
  source text: Ratification of Appointment of KPMG LLP: FOR AGAINST ABSTAIN 138,241,626 300,349 17,152
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000065/0001395942-23-000065-index.htm
- Shareholder Votes
  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
  source text: Advisory Vote on Executive Compensation: FOR AGAINST ABSTAIN BROKER NON VOTES 116,894,691 17,285,804 50,209 4,328,423
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000065/0001395942-23-000065-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000065/0001395942-23-000065-index.htm
- Shareholder Votes
  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
  source text: Election of Director (Nominee Designated by the Apax Investor):* NAME FOR AGAINST ABSTAIN BROKER NON VOTES Roy Mackenzie 35,776,676 0 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000065/0001395942-23-000065-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000065/0001395942-23-000065-index.htm

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