Lithia Motors Supplements 2024 Annual Meeting Proxy

TL;DR

Lithia Motors dropped more info for the April 23rd shareholder meeting.

AI Summary

Lithia Motors Inc. filed a Definitive Additional Materials filing (DEFA14A) on April 2, 2024, supplementing its proxy statement for the Annual Meeting of Shareholders scheduled for April 23, 2024. This filing provides additional information to shareholders regarding the upcoming meeting.

Why It Matters

This filing provides shareholders with updated or additional information before they vote at the annual meeting, ensuring they have the most current details for their decision-making.

Risk Assessment

Risk Level: low — This is a routine supplemental filing for an upcoming shareholder meeting and does not contain new financial or strategic information that would typically impact risk.

Key Players & Entities

• LITHIA MOTORS INC (company) — Registrant
• 0001023128-24-000045.txt (document) — Filing document name
• April 23, 2024 (date) — Annual Meeting date
• April 2, 2024 (date) — Filing date

FAQ

Filing Documents

• a2024q1proxysupplement.htm (DEFA14A) — 12KB
• image.jpg (GRAPHIC) — 14KB
• 0001023128-24-000045.txt ( ) — 33KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 LITHIA MOTORS, INC. (Exact Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check the appropriate box) No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. ADDITIONAL INFORMATION REGARDING THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON TUESDAY, APRIL 23, 2024 The following information supplements the Notice of 2024 Annual Meeting of Shareholders and Proxy Statement (the " Proxy Statement ") of Lithia Motors, Inc. (the " Company ") filed with the Securities and Exchange Commission on March 12, 2024 in connection with the Company's 2024 Annual Meeting of Shareholders, scheduled for April 23, 2024 at 830 a.m., Pacific Daylight Time (the " Annual Meeting "). These supplemental proxy materials, which are being made available to shareholders on April 2, 2024, should be read in conjunction with the Proxy Statement. We are providing these supplemental proxy materials in order to provide additional information sought by proxy advisory firm Glass Lewis Co. (" Glass Lewis "). While Institutional Shareholder Services raised no issue with our description of the diverse composition of our Board of Directors (" Board "), Glass Lewis has sought additional disclosure. To reiterate the diversity of our Board membership, we confirm that our Board has one ethnically diverse member (representing 11% of our current Board) as defined by Glass Lewis's proxy voting policies, namely Louis Miramontes.