Source-grounded facts extracted from OPENLANE, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
David Hult was elected as director at OPENLANE, Inc..
“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.”
OPENLANE, Inc. shareholders approved Ratification of Appointment of KPMG LLP at the 2026-06-05 meeting.
“4. Ratification of Appointment of KPMG LLP: FOR AGAINST ABSTAIN 116,244,513 756,707 221,618”
OPENLANE, Inc. shareholders approved Advisory Vote on Executive Compensation at the 2026-06-05 meeting.
“3. Advisory Vote on Executive Compensation: FOR AGAINST ABSTAIN BROKER NON VOTES 110,339,036 2,354,947 220,219 4,308,636”
OPENLANE, Inc. shareholders approved Election of Directors (Other Eight Nominees) at the 2026-06-05 meeting.
“2. Election of Directors (Other Eight Nominees): NAME FOR AGAINST ABSTAIN BROKER NON VOTES Randolph Altschuler 112,134,922 572,270 207,010 4,308,636 Carmel Galvin 110,988,467 1,765,650 160,085 4,308,636 J. Mark Howell 111,390,238 1,508,734 15,230 4,308,636 Stefan Jacoby 107,434,149 5,464,824 15,229 4,308,636 Peter Kelly 112,133,881 766,071 14,250 4,308,636 Michael T. Kestner 108,444,879 4,454,039 15,284 4,308,636 Mary Ellen Smith 111,121,765 1,632,497 159,940 4,308,636 Kelly Tuminelli 112,840,015 58,866 15,321 4,308,636”
OPENLANE, Inc. shareholders approved Election of Director (Nominee Designated by the Apax Investor) at the 2026-06-05 meeting.
“1. Election of Director (Nominee Designated by the Apax Investor):* NAME FOR AGAINST ABSTAIN BROKER NON VOTES Roy Mackenzie 16,939,789 0 0 0”
OPENLANE, Inc.: Filed Certificate of Elimination to remove Series A Convertible Preferred Stock designation from the Amended and Restated Certificate of Incorporation (effective 2026-05-29).
“On May 29, 2026, OPENLANE, Inc. (the “Company”) filed a Certificate of Elimination (the “Certificate of Elimination”) with the Secretary of State of the State of Delaware effecting the elimination of the Certificate of Designations relating to the Company’s Series A Convertible Preferred Stock (the “Series A Preferred Stock”) previously filed by the Company with the Secretary of State of the State of Delaware on June 9, 2020.”
OPENLANE, Inc. reported three months ended March 31, 2026 results: revenue $528 million, net income $49 million. Guidance raised.
“• Revenue of $528 million, representing 15% YoY growth, driven by 22% growth in auction and related fees • Net income of $49 million, representing 33% YoY growth • Adjusted EBITDA of $97 million, representing 17% YoY growth”
OPENLANE, Inc. incurred term loan of $550,000,000 with JPMorgan Chase Bank, N.A., as administrative agent at Adjusted Term SOFR Rate plus a margin of 2.50%.
“The Second Amendment provides for, among other things, the incurrence of incremental term loans in an aggregate principal amount equal to $550,000,000”
Bradley Herring was appointed as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..
“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.”
Brad S. Lakhia resigned as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..
“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.”
Dwayne Price was appointed as Chief Accounting Officer at OPENLANE, Inc..
“Dwayne Price will serve as Chief Accounting Officer and principal accounting officer of the Company, effective June 23, 2024.”
Scott A. Anderson departed as Chief Accounting Officer at OPENLANE, Inc..
“Scott A. Anderson, the Company’s Chief Accounting Officer and principal accounting officer, will depart from the Company but are expected to remain with the Company in transitional roles”
Sriram Subrahmanyam departed as Executive Vice President, Operations and President, Services and International Markets at OPENLANE, Inc..
“Sriram Subrahmanyam, the Company’s Executive Vice President, Operations and President, Services and International Markets, and Scott A. Anderson, the Company’s Chief Accounting Officer and principal accounting officer, will depart from the Company”
OPENLANE, Inc. reported three months and year ended December 31, 2023 results: revenue $1,645 million, net income Loss from continuing operations of $155 million. Guidance reaffirmed.
“volume growth, revenue growth and margin expansion, results that I believe position OPENLANE for future growth and success." 2023 Financial Highlights • Total revenue of $1,645 million, an increase of 8% • Loss from continuing operations of $155 million, including a $251 million non-cash impairment • Adjusted EBITDA of $272 million, an increase of 18%, with”
OPENLANE, Inc. amended First Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at C$175,000,000 (effective 2024-01-19).
“OPENLANE, Inc. (the “ Company ”) and ADESA Auctions Canada Corporation, a subsidiary of the Company (the “ Canadian Borrower ”), entered into a First Amendment Agreement (the “ First Amendment ”) to the Credit Agreement”
OPENLANE, Inc. reported financial results for the three and nine months ended September 30, 2023.
“On November 1, 2023, OPENLANE, Inc. (“OPENLANE” or the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.”
OPENLANE, Inc. updated its the fiscal year ending December 31, 2023 guidance (reaffirmed).
“The company’s previously stated annual guidance for Adjusted EBITDA remains unchanged, while the company's other guidance measures have been updated as shown below. Annual Guidance Income (loss) from continuing operations ( in millions ) ($166) - ($153) Adjusted EBITDA ( in millions ) $250 - $270 Income (loss) from continuing operations per share - diluted * ($1.92) - ($1.80) Operating adjusted net income from continuing operations per share - diluted $0.60 - $0.70”
OPENLANE, Inc. reported the three months ended June 30, 2023 results: revenue $416.9 million, net income $193.8 million, EPS $(1.87) per diluted share.
“Total revenue of $416.9 million, an increase of 9% year-over-year • Loss from continuing operations of $193.8 million, or $(1.87) per diluted share, driven by non-cash goodwill and intangibles impairment charges of $221.4 million, net of tax impacts”
OPENLANE, Inc. terminated Original Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-06-23).
“The Original Credit Agreement was terminated substantially concurrently with the Company’s entry into the Credit Agreement and all outstanding amounts and commitments thereunder have been repaid in full and terminated.”
OPENLANE, Inc. entered into Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent valued at $325,000,000 (effective 2023-06-23).
“On June 23, 2023, OPENLANE, Inc. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”) among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”).”
OPENLANE, Inc. shareholders approved Ratification of Appointment of KPMG LLP as Independent Registered Public Accounting Firm at the 2023-06-02 meeting.
“Ratification of Appointment of KPMG LLP: FOR AGAINST ABSTAIN 138,241,626 300,349 17,152”
OPENLANE, Inc. shareholders approved Advisory Vote on Frequency of Advisory Vote on Executive Compensation at the 2023-06-02 meeting.
“Advisory Vote on Frequency of Advisory Vote on Executive Compensation: EVERY YEAR EVERY 2 YEARS EVERY 3 YEARS ABSTAIN BROKER NON VOTES 127,623,159 12,526 6,580,818 14,201 4,328,423”
OPENLANE, Inc. shareholders approved Advisory Vote on Executive Compensation at the 2023-06-02 meeting.
“Advisory Vote on Executive Compensation: FOR AGAINST ABSTAIN BROKER NON VOTES 116,894,691 17,285,804 50,209 4,328,423”
OPENLANE, Inc. shareholders approved Election of Directors (Other Nine Nominees) at the 2023-06-02 meeting.
“Election of Directors (Other Nine Nominees): NAME FOR AGAINST ABSTAIN BROKER NON VOTES Carmel Galvin 130,390,237 3,804,537 35,930 4,328,423 James P. Hallett 133,163,881 1,030,651 36,172 4,328,423 Mark E. Hill 119,245,074 14,948,895 36,735 4,328,423 J. Mark Howell 132,686,150 1,507,832 36,722 4,328,423 Stefan Jacoby 130,358,393 3,835,803 36,508 4,328,423 Peter Kelly 133,229,161 965,200 36,343 4,328,423 Michael T. Kestner 132,599,243 1,594,322 37,139 4,328,423 Sanjeev Mehra 133,105,634 1,087,379 37,691 4,328,423 Mary Ellen Smith 133,253,961 940,804 35,939 4,328,423”
OPENLANE, Inc. shareholders approved Election of Director (Nominee Designated by Apax Investor) at the 2023-06-02 meeting.
“Election of Director (Nominee Designated by the Apax Investor):* NAME FOR AGAINST ABSTAIN BROKER NON VOTES Roy Mackenzie 35,776,676 0 0 0”
OPENLANE, Inc.: Amended certificate of incorporation to change corporate name to OPENLANE, Inc (effective 2023-05-15).
“On May 10, 2023, KAR Auction Services, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation with the Delaware Secretary of State to change the Company’s corporate name to OPENLANE, Inc., effective May 15, 2023.”
OPENLANE, Inc. reported the three months ended March 31, 2023 results: revenue $420.6 million, net income $12.7 million, EPS $0.01 per diluted share. Guidance reaffirmed.
“Total revenue was $420.6 million, an increase of 14% for the first quarter of 2023, compared with $369.4 million for the first quarter of 2022. • Income from continuing operations of $12.7 million, or $0.01 per diluted share, for the first quarter of 2023”
Scott A. Anderson changed role as Chief Accounting Officer at OPENLANE, Inc..
“who served as interim Chief Financial Officer from January 1, 2023 through April 16, 2023. Mr. Anderson will continue to serve as the Company's Chief Accounting Officer and principal accounting officer.”
Brad S. Lakhia was appointed as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..
“appointed Brad S. Lakhia as Executive Vice President and Chief Financial Officer of the Company, effective immediately.”
Michael T. Kestner was appointed as Chairman of the Board at OPENLANE, Inc..
“The Board appointed Michael T. Kestner, the Board’s Lead Independent Director, to serve as Chairman of the Board effective April 1, 2023.”
James P. Hallett departed as Executive Chairman and Chairman of the Board at OPENLANE, Inc..
“James P. Hallett, the Executive Chairman and Chairman of the Board of Directors (the “Board”) of KAR Auction Services, Inc. (the “Company”), will retire from the Company effective March 31, 2023.”
OPENLANE, Inc. entered into Canadian Receivables Purchase Agreement with Computershare Trust Company of Canada, as trustee of AFCI Funding Trust, BMO Nesbitt Burns, Inc., as financial services agent and as agent for the Bank of Montreal lender group, and Royal Bank of Canada, as agent for the Royal Bank of Canada lender group valued at CDN$300 million (effective 2023-03-01).
“On March 1, 2023, Automotive Finance Canada Inc. (“AFCI”), a subsidiary of KAR Auction Services, Inc. (the “Company”), and the Company, as performance guarantor, entered into a Receivables Purchase Agreement (the “Canadian Receivables Purchase Agreement”), dated March 1, 2023, with Computershare Trust Company of Canada, as trustee of AFCI Funding Trust (“Trust”), BMO Nesbitt Burns, Inc., as financial services agent and as agent for the Bank of Montreal lender group (“BMO”), and Royal Bank of Canada, as agent for the Royal Bank of Canada lender group (“RBC” and collectively with BMO, “Lenders”)”
OPENLANE, Inc. reported annual 2023 results: EPS -0.08 - 0.02. Guidance initiated.
“Annual Guidance Income from continuing operations ( in millions ) $33 - $48”
OPENLANE, Inc. reported twelve months ended December 31, 2022 results: EPS -0.10.
“Total revenue was $1,519.4 million, an increase of 5% for the year ended December 31, 2022, compared with $1,450.6 million for the year ended December 31, 2021.”
OPENLANE, Inc. reported three months ended December 31, 2022 results: EPS 0.21.
“Total revenue was $372.8 million, an increase of 4% for the fourth quarter of 2022, compared with $357.7 million for the fourth quarter of 2021.”
Scott A. Anderson was appointed as Interim Chief Financial Officer at OPENLANE, Inc..
“appointed Scott A. Anderson to serve as the Company’s Interim Chief Financial Officer and principal financial officer, effective January 1, 2023.”
Eric M. Loughmiller retired as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..
“Eric M. Loughmiller, who retired effective December 31, 2022.”
Eric M. Loughmiller retired as Executive Vice President and Chief Financial Officer at OPENLANE, Inc..
“On November 1, 2022, Eric M. Loughmiller, the Company’s Executive Vice President and Chief Financial Officer, notified KAR Auction Services, Inc. (the “Company”) of his intent to retire as the Company’s Executive Vice President and Chief Financial Officer in January 2023.”
OPENLANE, Inc. reported three and nine months ended September 30, 2022 results: revenue $393.0 million, net income $0.5 million, EPS $(0.09) per diluted share.
“opportunities ahead and believe our digital strategy and differentiated offerings position us well for the future." Third Quarter 2022 Financial Highlights • Total revenue was $393.0 million, an increase of 13% for the third quarter of 2022, compared with $347.1 million for the third quarter of 2021. • Income from continuing operations of $0.5 million, or $(0.09) per”
John Hammer departed as Chief Commercial Officer at OPENLANE, Inc..
“Upon the completion of the Sale, John Hammer, Chief Commercial Officer for the Company and President of ADESA, Inc., departed the Company and commenced employment with Buyer.”
Thomas J. Fisher resigned as Executive Vice President and Chief Technology Officer at OPENLANE, Inc..
“On March 7, 2022, Thomas J. Fisher, Executive Vice President and Chief Technology Officer of KAR Auction Services, Inc. (the “Company”), notified the Company that he is resigning from his positions at the Company.”
Sanjeev Mehra was elected as Director at OPENLANE, Inc..
“elected Sanjeev Mehra to the Board, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.