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Get filing alertsOPENLANE eliminates Series A Convertible Preferred Stock from capital structure
Filed May 29, 2026 · Period ending May 29, 2026 · ~1 min read
Key Changes
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OPENLANE filed a Certificate of Elimination with Delaware on May 29, 2026, formally removing all provisions related to its Series A Convertible Preferred Stock from the company's charter. The preferred stock class was originally created in June 2020.
Item 3.03 view on EDGAR → -
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The elimination is an administrative cleanup action that typically follows after all shares of a preferred stock series have been redeemed, converted, or retired, streamlining the company's capital structure.
Item 9.01 verify on EDGAR →
Summary
OPENLANE completed a routine corporate housekeeping action by eliminating its Series A Convertible Preferred Stock from its certificate of incorporation. The company filed the Certificate of Elimination with Delaware authorities on May 29, 2026, removing all references to this preferred stock class that was originally established in June 2020. For common shareholders, this is a neutral administrative event.
The elimination suggests that all Series A preferred shares have been fully converted, redeemed, or otherwise retired, allowing the company to clean up its capital structure. This type of filing is standard practice when a preferred stock series is no longer outstanding or needed.
Investors should watch for any upcoming disclosures about the company's current capital structure or any new preferred stock issuances that might replace this eliminated series. The action itself requires no shareholder response and does not affect existing common stock holdings.
Section-by-Section Diff
Event · Item 9.01 — Financial Statements and Exhibits
Item 9.01 — Financial Statements and Exhibits filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Certificate of Elimination of the Series A Convertible Preferred Stock of OPENLANE, Inc. (filed May 29, 2026)
OPENLANE filed a Certificate of Elimination to formally remove its Series A Convertible Preferred Stock from its authorized capital structure. This administrative action typically occurs after all shares of a preferred stock series have been redeemed, converted, or otherwise retired, cleaning up the company's capital structure by eliminating the unused series designation.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 29, 2026 · How we verify