Lithia Motors Files 8-K on Officer/Director Changes & Financials

Ticker: LAD · Form: 8-K · Filed: 2025-04-15T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, financial-reporting

Related Tickers: LAD

TL;DR

LAD 8-K: Leadership shakeup and financials filed 4/15.

AI Summary

Lithia Motors, Inc. filed an 8-K on April 15, 2025, reporting on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. The filing also includes financial statements and exhibits, with the report period and date of change both being April 15, 2025.

Why It Matters

This filing provides updates on the company's leadership and financial reporting, which are crucial for investors to understand the company's governance and financial health.

Risk Assessment

Risk Level: low — This is a routine corporate filing detailing leadership changes and financial statements, not indicating any immediate operational or financial distress.

Key Players & Entities

FAQ

What specific officer or director positions were affected by the changes reported in this 8-K?

The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' but the specific names and roles are not detailed in the provided excerpt.

What is the significance of the 'Compensatory Arrangements of Certain Officers' mentioned in the filing?

This item typically relates to the compensation, bonuses, or equity awards provided to the company's key executives, which can impact shareholder value and company performance.

Are the financial statements included in this filing audited?

The filing states 'Financial Statements and Exhibits' are included, but it does not specify whether they are audited or unaudited in the provided text.

What is the primary business of Lithia Motors, Inc.?

Lithia Motors, Inc. is in the business of 'RETAIL-AUTO DEALERS & GASOLINE STATIONS' as indicated by its Standard Industrial Classification code.

When is Lithia Motors, Inc.'s fiscal year end?

Lithia Motors, Inc.'s fiscal year ends on December 31st.

From the Filing

0001023128-25-000045.txt : 20250415 0001023128-25-000045.hdr.sgml : 20250415 20250415170017 ACCESSION NUMBER: 0001023128-25-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250415 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250415 DATE AS OF CHANGE: 20250415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LITHIA MOTORS INC CENTRAL INDEX KEY: 0001023128 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services EIN: 930572810 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14733 FILM NUMBER: 25840275 BUSINESS ADDRESS: STREET 1: 150 NORTH BARTLETT STREET CITY: MEDFORD STATE: OR ZIP: 97501 BUSINESS PHONE: 541-776-6401 MAIL ADDRESS: STREET 1: 150 NORTH BARTLETT STREET CITY: MEDFORD STATE: OR ZIP: 97501 8-K 1 lad-20250415.htm 8-K lad-20250415 LITHIA MOTORS INC 0001023128 false 0001023128 2025-04-15 2025-04-15 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 April 15, 2025 Date of Report (date of earliest event reported) Lithia Motors, Inc. (Exact name of registrant as specified in its charter) Oregon 001-14733 93-0572810 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 150 N. Bartlett Street Medford Oregon 97501 (Address of principal executive offices) (Zip Code) ( 541 ) 776-6401 Registrant's telephone number, including area code   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 (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock without par value LAD The New York Stock Exchange 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 Adam A. Chamberlain will transition from his current role as Executive Vice President, Chief Operating Officer at Lithia Motors, Inc. (the “Company”) to assume the role of CEO of Mercedes-Benz USA, and therefore is resigning from his position with the Company, effective June 1, 2025. Upon Mr. Chamberlain’s departure, the Company’s regional presidents and regional vice presidents will report directly to Bryan DeBoer, Chief Executive Officer. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirement

View on Read The Filing