---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-25-000022"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:10:13.024357+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001395942-25-000022
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594225000022/0001395942-25-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594225000022/kar-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-25-000022
- JSON: https://secwatch.observer/filing/0001395942-25-000022.json
- Plain text: https://secwatch.observer/filing/0001395942-25-000022.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594225000022/0001395942-25-000022-index.htm

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