{"schema_version":"secwatch.filing_event.v1","accession":"0001023128-24-000071","form_type":"8-K","ticker":"LAD","cik":"0001023128","company_name":"LITHIA MOTORS INC","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.926705+00:00","generated_at":"2026-06-02T22:48:55.874559+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Lithia Motors replaces net income with EPS in 2024 PSUs after shareholder feedback","bullets":["Profitability metric in 2024 performance share units changed from net income to EPS.","Change follows feedback from shareholders, proxy advisory firms, and consultants.","No incremental accounting or compensation charge; not intended to increase payouts.","Compensation committee retains negative discretion; aligns with EPS-based strategic goal.","Change occurs ~4 months into 36-month performance period; prior LTI redesign in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001023128-24-000071","json":"https://secwatch.observer/filing/0001023128-24-000071.json","markdown":"https://secwatch.observer/filing/0001023128-24-000071.md","text":"https://secwatch.observer/filing/0001023128-24-000071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023128/000102312824000071/0001023128-24-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023128/000102312824000071/lad-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T22:48:55.874559+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}