Lithia Motors elects former Toyota CEO James Lentz to Board, expanding to eight directors

LITHIA MOTORS INC

Board expanded from seven to eight directors; Lentz appointed effective October 1, 2022.
Annual retainer of $100,000 plus RSUs valued at ~$99,000, vesting over director compensation year.
Lentz spent 38 years at Toyota, serving as CEO of Toyota Motor Sales U.S.A. and Toyota Motor North America.
Expected to serve on the Board's compensation and audit committees.

item 5.02 item 9.01

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Appointed

James Lentz

Director

LAD · LITHIA MOTORS INC

Effective: 2022-10-01
Filed: October 3, 2022, 7:59 PM ET

On September 30, 2022, the Board of Directors (the “Board”) of Lithia Motors, Inc. (the “Company”) elected James Lentz to fill a vacancy created by the Board’s expansion from seven to eight directors, with service beginning October 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James Lentz was elected as Director at LITHIA MOTORS INC.

Action: elected
Role: Director

Exact text from the filing

On September 30, 2022, the Board of Directors (the “Board”) of Lithia Motors, Inc. (the “Company”) elected James Lentz to fill a vacancy created by the Board’s expansion from seven to eight directors, with service beginning October 1, 2022.

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Source: SEC EDGAR

accession 0001023128-22-000107

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