---
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"
generated_at: "2026-06-02T22:48:55.874559+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors replaces net income with EPS in 2024 PSUs after shareholder feedback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-24-000071
- JSON: https://secwatch.observer/filing/0001023128-24-000071.json
- Plain text: https://secwatch.observer/filing/0001023128-24-000071.txt

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