Lithia Motors board removes size cap, sets board at 10 directors for 2026 AGM

LITHIA MOTORS INC

Board removed the upper limit on the size of the Board of Directors.
Exact number of directors will be fixed from time to time by Board resolution.
Board set the size at 10 directors effective for the 2026 Annual Meeting of Shareholders.
Amendment to Amended and Restated Bylaws approved and effective February 19, 2026.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

LITHIA MOTORS INC: Removed upper limit on board size; board size will be fixed by board resolution (effective 2026-02-19).

Change: bylaw amendment
Effective: 2026-02-19

Exact text from the filing

On February 19, 2026, the Board of Directors the Company approved and adopted an amendment to the Company’s Amended and Restated Bylaws (as amended and restated, the “Bylaws”), effective as of such date. The amendment removes the upper limit on the size of the Board and provides that the exact number of directors shall be fixed from time to time by resolution of the Board.

View on SEC.gov

40 governance changes filed in the last 30 days. Browse all governance changes →

LITHIA MOTORS INC filing history →

Source: SEC EDGAR

accession 0001023128-26-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.