---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-24-000075"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:23:46.903750+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001395942-24-000075
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594224000075/0001395942-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594224000075/kar-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-24-000075
- JSON: https://secwatch.observer/filing/0001395942-24-000075.json
- Plain text: https://secwatch.observer/filing/0001395942-24-000075.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594224000075/0001395942-24-000075-index.htm

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