OPENLANE appoints Brad Herring as CFO, effective May 27, 2025

OPENLANE, Inc.

Brad Herring appointed EVP and CFO, effective May 27, 2025; reports to CEO Peter Kelly.
Herring previously served as CFO of Enfusion and Shift4 Payments; 30+ years financial experience.
Received $100,000 cash sign-on subject to repayment if voluntary termination within 2 years.
Severance: 1.5x base salary plus target bonus (non-change-of-control); 2x (change-of-control).
OPENLANE (NYSE: KAR) operates digital marketplaces for wholesale used vehicles.

item 5.02 item 7.01 item 9.01

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Appointed

Bradley Herring

Executive Vice President and Chief Financial Officer

OPLN · OPENLANE, Inc.

Effective: 2025-05-27
Filed: April 22, 2025, 7:59 PM ET

On April 22, 2025, the Board of Directors (“Board”) of OPENLANE, Inc. (the “Company”) appointed Bradley Herring as Executive Vice President and Chief Financial Officer of the Company, effective May 27, 2025.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Bradley Herring was appointed as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..

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

Exact text from the filing

On April 22, 2025, the Board of Directors (“Board”) of OPENLANE, Inc. (the “Company”) appointed Bradley Herring as Executive Vice President and Chief Financial Officer of the Company, effective May 27, 2025.

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OPENLANE, Inc. filing history →

Source: SEC EDGAR

accession 0001395942-25-000022

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