---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-22-000107"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T05:48:26.477572+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001023128-22-000107
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023128/000102312822000107/0001023128-22-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312822000107/lad-20220930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-22-000107
- JSON: https://secwatch.observer/filing/0001023128-22-000107.json
- Plain text: https://secwatch.observer/filing/0001023128-22-000107.txt

## Key facts
- Executive change
  James Lentz was elected as Director at LITHIA MOTORS INC.
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312822000107/0001023128-22-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.