Director William Cavin exits Open Lending (NASDAQ: LPRO) board with no dispute
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Open Lending Corporation reported that director William Dabbs Cavin resigned from its Board on June 8, 2026, effective immediately. The company stated that his resignation was not due to any dispute or disagreement regarding its operations, policies, or practices. The filing does not indicate any related changes to other directors, officers, or company strategy.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Director resignation date: June 8, 2026
8-K signature date: June 9, 2026
Par value per share: $0.01 per share
3 metrics
Director resignation date
June 8, 2026
Effective date of William Dabbs Cavin’s resignation
8-K signature date
June 9, 2026
Date the report was signed by Ben Massey
Par value per share
$0.01 per share
Common stock listed on The Nasdaq Stock Market LLC
Key Terms
Emerging growth company, Item 5.02, Section 12(b) of the Act
3 terms
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers."
Section 12(b) of the Act regulatory
"Securities registered pursuant to Section 12(b) of the Act"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM | ||
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 8, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
1501 S. MoPac Expressway
Suite 450
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: 512 -892-0400
(Former name or former address, if changed since last report)
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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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 ☐
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 8, 2026, William Dabbs Cavin resigned his position as a director of Open Lending Corporation (the “Company”), effective immediately. Mr. Cavin’s resignation is not the result of any dispute or disagreement with the Company or the Board of Directors on any matter relating to the operations, policies, or practices of the Company.
1
SIGNATURES
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.
| OPEN LENDING CORPORATION | ||||||||
| By: | /s/ Ben Massey | |||||||
| Name: | Ben Massey | |||||||
| Title: | General Counsel and Corporate Secretary | |||||||
Date: June 9, 2026
2
FAQ
What did Open Lending Corporation (LPRO) announce in this 8-K filing?
Open Lending disclosed that director William Dabbs Cavin resigned from its Board effective June 8, 2026. The company confirmed there was no dispute or disagreement behind his departure regarding operations, policies, or practices.
Why did William Dabbs Cavin resign from Open Lending’s Board?
The filing states that William Dabbs Cavin’s resignation was not the result of any dispute or disagreement with Open Lending or its Board on matters related to operations, policies, or practices. No additional reasons are provided.
When did the director resignation at Open Lending (LPRO) become effective?
The resignation of director William Dabbs Cavin became effective immediately on June 8, 2026. This date marks the point at which he ceased serving as a member of the Board of Directors.
Does the Open Lending director resignation indicate any conflict with the company?
Open Lending explicitly states that Mr. Cavin’s resignation is not due to any dispute or disagreement with the company or its Board. This language aims to clarify that no reported governance conflict triggered his departure.
Who signed the Open Lending (LPRO) 8-K reporting the director resignation?
The 8-K was signed on behalf of Open Lending by Ben Massey, who is identified as the company’s General Counsel and Corporate Secretary. His signature confirms the company’s authorization of the disclosure.
What stock exchange is Open Lending Corporation listed on?
Open Lending’s common stock, with par value $0.01 per share, trades on The Nasdaq Stock Market LLC under the symbol LPRO, according to the securities registration information included in the filing.