Lithia Motors Director Departs; Filings Submitted
Ticker: LAD · Form: 8-K · Filed: 2024-08-01T00:00:00.000Z
Sentiment: neutral
Topics: director-departure, filing, governance
Related Tickers: LAD
TL;DR
Lithia Motors director Scott Smith is out, and they filed some docs. Keep an eye on governance.
AI Summary
Lithia Motors, Inc. announced on August 1, 2024, the departure of Director Scott L. Smith. The company also reported on compensatory arrangements for its named executive officers and filed financial statements and exhibits. No specific dollar amounts or new appointments were detailed in the provided excerpt.
Why It Matters
Director departures can signal changes in company strategy or governance, while the filing of financial statements is crucial for investors to assess the company's performance.
Risk Assessment
Risk Level: low — The filing primarily reports a director's departure and routine financial statement submissions, with no immediate financial implications disclosed.
Key Players & Entities
- Lithia Motors, Inc. (company) — Registrant
- Scott L. Smith (person) — Director who departed
- 0001023128-24-000093 (filing_id) — Accession Number
- August 1, 2024 (date) — Date of Report
FAQ
Who is the departing director of Lithia Motors, Inc.?
The departing director is Scott L. Smith.
What is the accession number for this 8-K filing?
The accession number is 0001023128-24-000093.
On what date was this 8-K filing reported?
The filing was reported on August 1, 2024.
What are the main items reported in this 8-K filing?
The filing reports the departure of a director, compensatory arrangements of certain officers, and financial statements and exhibits.
What is the state of incorporation for Lithia Motors, Inc.?
Lithia Motors, Inc. is incorporated in Oregon.
Filing Stats: 859 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2024-08-01 09:23:20
Key Financial Figures
- $750,000 — Mr. Chamberlain's base salary will be $750,000 with a cash bonus opportunity target eq
- $1.8 million — and equity incentive value targeted at $1.8 million. The equity incentives will be on the s
Filing Documents
- lad-20240801.htm (8-K) — 28KB
- a20240801exx99pressrelease.htm (EX-99.1) — 7KB
- lithia_drivewayxcomboxfinala.jpg (GRAPHIC) — 760KB
- 0001023128-24-000093.txt ( ) — 1229KB
- lad-20240801.xsd (EX-101.SCH) — 2KB
- lad-20240801_def.xml (EX-101.DEF) — 14KB
- lad-20240801_lab.xml (EX-101.LAB) — 25KB
- lad-20240801_pre.xml (EX-101.PRE) — 15KB
- lad-20240801_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On August 1, 2024, the Company issued a press release announcing the appointment of Mr. Chamberlain as COO and Mr. Holzshu's role as Executive Vice President. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release of Lithia Motors, Inc. dated August 1, 2024. 104 Cover Page Interactive Data File (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: August 1, 2024 LITHIA MOTORS, INC. By: /s/ Tina Miller Tina Miller Senior Vice President and Chief Financial Officer