---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-24-000081"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2024-07-02T23:59:59+00:00"
generated_at: "2026-05-31T23:41:44.527283+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors expands board to eight, elects Cassandra McKinney as director

## Summary
- Elected to fill new board seat, effective July 1, 2024.
- Annual retainer of $100,000 and RSU grant with aggregate value of ~$162,500.
- Currently EVP at Comerica Bank, managing a $27B deposit/loan portfolio.
- Will serve on audit and compensation committees.

## SEC filing metadata
- accession: 0001023128-24-000081
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2024-07-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000081/0001023128-24-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000081/lad-20240626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-24-000081
- JSON: https://secwatch.observer/filing/0001023128-24-000081.json
- Plain text: https://secwatch.observer/filing/0001023128-24-000081.txt

## Key facts
- Executive change
  Cassandra McKinney was elected as Director at LITHIA MOTORS INC.
  - Action: elected
  - Role: Director
  source text: On June 26, 2024, the Board of Directors (the “Board”) of Lithia Motors, Inc. (the “Company”) elected Cassandra McKinney to fill a vacancy created by the expansion of the Board from seven to eight directors, with service beginning July 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000081/0001023128-24-000081-index.htm

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