secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001023128-24-000093
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lithia Motors promotes Adam Chamberlain to COO; Holzshu shifts to EVP corporate development
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- Adam Chamberlain named EVP, COO effective Aug 1, 2024; base salary $750K, bonus target 100%, equity target $1.8M.
- Christopher Holzshu steps down as COO, remains EVP; will join boards of Pinewood Technologies and Wheels Inc., focus on corporate development.
- Dianna du Preez appointed Chief Customer Officer, overseeing Driveway channel and after-sales to enhance customer experience.
- Chamberlain previously CCO and Regional President for 82 east-coast locations; 25+ years in automotive retail leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000093/0001023128-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000093/lad-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001023128-24-000093

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