Lithia Motors, Inc. (NYSE:LAD) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition
On October24, 2018 Lithia Motors, Inc. issued a press release announcing financial results for the third quarter of 2018. A copy of the press release is attached as Exhibit 99.1
Item 8.01. Other Events
On October24, 2018, Lithia Motors, Inc. announced a $0.29 per share cash dividend, to be paid on November23, 2018 to shareholders of record as of November9, 2018.
The Company also announced that the Board authorized the repurchase of up to $250 million of the Company's common stock under its share repurchase program in addition to the previously authorized amount.
The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
LITHIA MOTORS INC ExhibitEX-99.1 2 lad2018q3-ex99_earnings.htm EXHIBIT 99.1 Exhibit LITHIA REPORTS RECORD THIRD QUARTER 2018 RESULTS,…To view the full exhibit click here
About Lithia Motors, Inc. (NYSE:LAD)
Lithia Motors, Inc. is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. Its Luxury segment consists of retail automotive franchises that sell new vehicles of BMW, Mercedes-Benz and Lexus. Its franchises in each segment sell used vehicles, parts and automotive services, and automotive finance and insurance products. Its operations involve the use, handling, storage and contracting for recycling and disposal of materials, such as motor oil and filters, transmission fluids, antifreeze, refrigerants, paints, thinners, batteries, cleaning products, lubricants, degreasing agents, tires and fuel.
