secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001023128-24-000081
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000081/0001023128-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000081/lad-20240626.htm
  HTML page:      https://secwatch.observer/filing/0001023128-24-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer