CFO Brad Lakhia to resign March 1, 2025; $500K sign-on waived for extended notice

OPENLANE, Inc.

Brad S. Lakhia, EVP and CFO, notified OPENLANE of resignation effective March 1, 2025.
Company waives $500,000 sign-on repayment in exchange for Lakhia staying through March 1, 2025 and extending non-solicitation by one year.
No successor named; Lakhia leaves to pursue another opportunity closer to family.

item 5.02

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Departed

Brad S. Lakhia

Executive Vice President and Chief Financial Officer

OPLN · OPENLANE, Inc.

Effective: 2025-03-01
Filed: November 7, 2024, 6:59 PM ET

On November 4, 2024, Brad S. Lakhia, the Company’s Executive Vice President and Chief Financial Officer, notified OPENLANE, Inc. (the “Company”) that he will resign from the Company effective March 1, 2025 to pursue another opportunity closer to family.

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Executive change SEC 8-K Item 5.02 confidence 0.95

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

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

Exact text from the filing

On November 4, 2024, Brad S. Lakhia, the Company’s Executive Vice President and Chief Financial Officer, notified OPENLANE, Inc. (the “Company”) that he will resign from the Company effective March 1, 2025 to pursue another opportunity closer to family.

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OPENLANE, Inc. filing history →

Source: SEC EDGAR

accession 0001395942-24-000075

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