As filed with the Securities and Exchange Commission on August 8, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
OPENLANE, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 20-8744739 | ||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||
11299 N. Illinois Street, Suite 500 Carmel, Indiana | 46032 | ||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||
OPENLANE, Inc. Second Amended and Restated 2009 Omnibus Stock and Incentive Plan
(Full title of the plan)
Charles S. Coleman
Executive Vice President, Chief Legal Officer and Secretary
OPENLANE, Inc.
11299 N. Illinois Street, Suite 500
Carmel, Indiana 46032
(Name and address of agent for service)
(800) 923-3725
(Telephone number, including area code, of agent for service)
Copy to:
Dwight S. Yoo
Skadden, Arps, Slate, Meagher & Flom LLP
One Manhattan West
New York, New York 10001
(212) 735-3000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☒ | Accelerated filer ☐ | ||||
Non-accelerated filer ☐ | Smaller reporting company ☐ | ||||
Emerging growth company ☐ | |||||
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 7(a)(2)(B) of the Securities Act. ☐
PART I
REGISTRATION OF ADDITIONAL SECURITIES PURSUANT TO GENERAL INSTRUCTION E
This Registration Statement on Form S-8 (this “Registration Statement”) is being filed for the purpose of registering an additional 4,000,000 shares of common stock, par value $0.01 per share (“Common Stock”), of OPENLANE, Inc. (the “Company”) that may be issued and sold pursuant to the OPENLANE, Inc. Second Amended and Restated 2009 Omnibus Stock and Incentive Plan (the “Amended and Restated Plan”). Accordingly, the contents of the previous Registration Statements on Form S-8 filed by the Company with the Securities and Exchange Commission (the “Commission”) on December 24, 2009 (File No. 333-164032), June 11, 2014 (File No. 333-196668) and June 4, 2021 (File No. 333-256782) are hereby incorporated by reference in this Registration Statement pursuant to General Instruction E of Form S-8.
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428(b)(1) under the Securities Act of 1933, as amended, and the introductory note to Part I of Form S-8. The documents containing the information specified in Part I have been or will be delivered to the participants in the Amended and Restated Plan as required by Rule 428(b).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are hereby incorporated by reference in this Registration Statement and shall be deemed to be a part hereof (except for any portions of Current Reports on Form 8-K furnished pursuant to Item 2.02 or Item 7.01 thereof and any corresponding exhibits thereto not filed with the Commission):
(a)The Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Commission on February 21, 2024;
(b)The Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2024 and June 30, 2024, filed with the Commission on May 2, 2024 and August 8, 2024, respectively;
(c)The Company’s Current Reports on Form 8-K filed with the Commission on January 22, 2024, June 10, 2024 and June 20, 2024; and
(d)The description of the Common Stock contained in the Company’s Registration Statement on Form 8-A filed with the Commission on December 2, 2009, as amended by the description of Common Stock included in Exhibit 4.3 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered by this Registration Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part thereof from the date of filing such documents, other than the portions of such documents, which by statute, by designation in such document or otherwise (including, but not limited to, information disclosed by the Company under Items 2.02 or 7.01 of any Current Report on Form 8-K), are not deemed filed with the Commission or are not regarded to be incorporated herein by reference.
Any statement contained in a document all or a portion of which is incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such
statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8. Exhibits.
The following exhibits are filed herewith or incorporated herein by reference.
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| 3.1a | ||||||||
| 3.1b | ||||||||
| 3.2 | ||||||||
| 4.1 | ||||||||
| 5.1 | ||||||||
| 23.1 | ||||||||
| 23.2 | ||||||||
| 24 | ||||||||
| 107 | ||||||||
* Filed herewith.
2
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Carmel, State of Indiana, on August 8, 2024.
OPENLANE, INC.
By: /s/ Brad S. Lakhia
Name: Brad S. Lakhia
Title: Executive Vice President and Chief
Financial Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Charles S. Coleman and Brad S. Lakhia, and each of them, as his/her true and lawful attorneys-in-fact and agents with full power of substitution and resubstitution, for him/her and in his/her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing required or necessary to be done in and about the premises, as fully to all intents and purposes as he/she may or could do in person, and hereby ratifies and confirms all that said attorneys-in-fact and agents or any of them, or their or his/her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. This power of attorney may be executed in counterparts.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
| Signature | Title | Date | ||||||||||||
/s/ Peter J. Kelly | Chief Executive Officer and Director (Principal Executive Officer) | August 8, 2024 | ||||||||||||
Peter J. Kelly | ||||||||||||||
| /s/ Brad S. Lakhia | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | August 8, 2024 | ||||||||||||
Brad S. Lakhia | ||||||||||||||
| /s/ Dwayne P. Price | Chief Accounting Officer (Principal Accounting Officer) | August 8, 2024 | ||||||||||||
Dwayne P. Price | ||||||||||||||
| /s/ Randolph Altschuler | Director | August 8, 2024 | ||||||||||||
Randolph Altschuler | ||||||||||||||
| /s/ Carmel Galvin | Director | August 8, 2024 | ||||||||||||
| Carmel Galvin | ||||||||||||||
/s/ J. Mark Howell | Director | August 8, 2024 | ||||||||||||
J. Mark Howell | ||||||||||||||
/s/ Stefan Jacoby | Director | August 8, 2024 | ||||||||||||
Stefan Jacoby | ||||||||||||||
/s/ Michael T. Kestner | Chair of the Board | August 8, 2024 | ||||||||||||
Michael T. Kestner | ||||||||||||||
/s/ Roy Mackenzie | Director | August 8, 2024 | ||||||||||||
Roy Mackenzie | ||||||||||||||
| /s/ Sanjeev Mehra | Director | August 8, 2024 | ||||||||||||
Sanjeev Mehra | ||||||||||||||
/s/ Mary Ellen Smith | Director | August 8, 2024 | ||||||||||||
Mary Ellen Smith | ||||||||||||||