---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-26-000010"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:22:45.975685+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001023128-26-000010
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023128/000102312826000010/0001023128-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312826000010/lad-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-26-000010
- JSON: https://secwatch.observer/filing/0001023128-26-000010.json
- Plain text: https://secwatch.observer/filing/0001023128-26-000010.txt

## Source-grounded claims
- claim_id: 87447a65a9ab2fe3ee28488ecd9a8c375afb7220
  claim: LITHIA MOTORS INC: Removed upper limit on board size; board size will be fixed by board resolution (effective 2026-02-19).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312826000010/0001023128-26-000010-index.htm

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