- Current report filing (8-K)
March 06 2012 - 5:25PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934
Date of Report: March 5, 2012
(Date of earliest event reported)
Lithia Motors, Inc.
(Exact Name of Registrant as Specified in Its
Charter)
Oregon
(State or Other Jurisdiction of Incorporation
or Organization)
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0-21789
(Commission File
Number)
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93 - 0572810
(IRS Employer
Identification No.)
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360 E. Jackson Street
Medford, Oregon 97501
(address of Principal Executive Offices) (Zip
Code)
541- 776-6868
Registrant's Telephone Number, Including Area
Code
Not applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01
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Other Events.
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As previously
announced, the Company entered into an employment agreement with Executive Vice President Brad Gray effective February 29, 2012.
The term of the employment agreement expires February 28, 2014, subject to a six-month extension by Mr. Gray, and is intended to
provide for the continued services of Mr. Gray through his retirement. Mr. Gray, Executive Vice President, entered into a Rule
10b5-1 Plan to sell up to 45,712 shares of Class A Common Stock over a period of up to 12 months.
The
trading plan is part of an asset diversification and financial planning strategy in preparation for retirement in 2014, and was
adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, and the Company’s
governance policies. The transactions under this plan will be disclosed publicly through Form 4 filings with the Securities and
Exchange Commission.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 6, 2012
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LITHIA MOTORS, INC.
(Registrant)
By:
/s/ Andrew H. Ognall
Andrew H. Ognall, Assistant Secretary
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