---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-26-000027"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2026-06-12T12:00:07+00:00"
generated_at: "2026-06-12T12:06:38.576354+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# OPENLANE elects David Hult to board, expands to ten directors

## Summary
- Board expanded to ten; David Hult elected effective June 12, 2026.
- Hult is Executive Chairman of Asbury Automotive Group (NYSE: ABG); previously President & CEO.
- He will receive standard cash and equity compensation per proxy statement filed April 24, 2026.
- No arrangements or related-party transactions exist under Item 404(a) involving Hult.

## SEC filing metadata
- accession: 0001395942-26-000027
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2026-06-12T12:00:07+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594226000027/0001395942-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594226000027/kar-20260609.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-26-000027
- JSON: https://secwatch.observer/filing/0001395942-26-000027.json
- Plain text: https://secwatch.observer/filing/0001395942-26-000027.txt

## Key facts
- Executive change
  David Hult was elected as director at OPENLANE, Inc..
  - Action: elected
  - Role: director
  source text: the Board of Directors (the “Board”) of OPENLANE, Inc. (the “Company”) increased the size of the Board to ten (10) directors and elected David Hult as a director of the Company, effective June 12, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594226000027/0001395942-26-000027-index.htm

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