SEC Info - OPENLANE, Inc. - ‘8-K’ for 2/20/24

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OPENLANE, Inc. – ‘8-K’ for 2/20/24

On: Tuesday, 2/20/24, at 4:16pm ET · For: 2/20/24 · Accession #: 1395942-24-7 · File #: 1-34568

  As Of               Filer                 Filing    For·On·As Docs:Size

 2/20/24  OPENLANE, Inc.                    8-K:2,9     2/20/24   13:3.6M

Current Report — Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Form 8-K - Earnings Materials                       HTML     29K 
 2: EX-99.1     Exhibit 99.1 - Earnings Release                     HTML    358K 
 3: EX-99.2     Exhibit 99.2 - Earnings Release Supplement          HTML    377K 
 4: EX-99.3     Exhibit 99.3 - Earnings Slides                      HTML     26K 
 8: R1          Document and Entity Information Document            HTML     45K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
13: XML         XBRL Instance -- kar-20240220_htm                    XML     14K 
 9: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 6: EX-101.LAB  XBRL Labels -- kar-20240220_lab                      XML     68K 
 7: EX-101.PRE  XBRL Presentations -- kar-20240220_pre               XML     33K 
 5: EX-101.SCH  XBRL Schema -- kar-20240220                          XSD     10K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    18K 
12: ZIP         XBRL Zipped Folder -- 0001395942-24-000007-xbrl      Zip    106K

‘8-K’ — Form 8-K – Earnings Materials

This is an HTML Document rendered as filed. [ Alternative Formats ]

iX:

kar-20240220

i 0001395942 i false00013959422024-02-202024-02-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): i February 20, 2024

i OPENLANE, Inc.

(Exact name of Registrant as specified in its charter)

i Delaware

i 001-34568

i 20-8744739

(State or other jurisdiction

of incorporation)

(Commission File

Number)

(IRS Employer

Identification No.)

i 11299 N. Illinois Street

i Carmel, i Indiana i 46032

(Address of principal executive offices)

(Zip Code)

( i 800) i 923-3725

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Name of each exchange on which registered

i Common Stock, par value $0.01 per share

i KAR

i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company i ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 20, 2024, OPENLANE, Inc. (“OPENLANE” or the “Company”) issued a press release announcing its financial results for the three months and year ended December 31, 2023. OPENLANE will host an earnings conference call and webcast, Tuesday, February 20, 2024 at 5:00 p.m., Eastern Time. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLANE call, and the live webcast may be accessed at the investor relations section of corporate.openlane.com. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The call will feature a review of operating highlights and financial results for the three months and year ended December 31, 2023. The press release dated February 20, 2024 is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference in its entirety.

On February 20, 2024, OPENLANE also posted supplemental financial information for the three months and year ended December 31, 2023, and Earnings Slides for the three months and year ended December 31, 2023. The supplemental financial information and Earnings Slides can be located at the investor relations section of corporate.openlane.com. The supplemental financial information and Earnings Slides posted on February 20, 2024 are attached to this Current Report on Form 8-K as Exhibits 99.2 and 99.3, respectively, and are incorporated herein by reference in their entirety.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT NO. DESCRIPTION OF EXHIBIT

99.1 Press release dated February 2 0 , 202 4 – "OPENLANE, Inc. Reports 2023 Financial Results"

99.2 OPENLANE, Inc. Q 4 and YTD 2023 Supplemental Financial Information – February 2 0 , 2024

99.3 OPENLANE, Inc. Q4 2023 and Annual Earnings Slides – February 2 0 , 2024

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Dated: February 20, 2024 OPENLANE, Inc.

/s/ BRAD S. LAKHIA

Brad S. Lakhia

Executive Vice President and Chief Financial Officer

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on / For Period end:	2/20/24	None on these Dates
	12/31/23
		List all Filings

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Filing Submission 0001395942-24-000007 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)