secwatch.observer — SEC 8-K summary
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Issuer:     OPENLANE, Inc. (OPLN)
CIK:        0001395942
Form:       8-K
Filed at:   2026-05-29T17:57:10+00:00
Accession:  0001395942-26-000022
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPENLANE eliminates Series A Convertible Preferred Stock from charter
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- Filed Certificate of Elimination with Delaware Secretary of State on May 29, 2026.
- Removes all matters related to Series A Convertible Preferred Stock from company's amended certificate of incorporation.
- Original Certificate of Designations for Series A Preferred Stock was filed on June 9, 2020.
- Action simplifies the corporate charter by eliminating the authorized preferred stock series.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1395942/000139594226000022/0001395942-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1395942/000139594226000022/kar-20260529.htm
  HTML page:      https://secwatch.observer/filing/0001395942-26-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer