Lithia Motors, Inc. (NYSE:LAD) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
On February13, 2019 Lithia Motors, Inc. issued a press release announcing financial results for the fourth quarter of 2018. A copy of the press release is attached as Exhibit 99.1
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
John North has provided notice of his intention to resign from the position of Senior Vice President and Chief Financial Officer effective March 1, 2019, following the filing of our 2018 Annual Report on Form 10-K. Tina Miller, Vice President and Corporate Controller, will be appointed interim Principal Financial Officer effective March 1, 2019 while we conduct a search for a new Chief Financial Officer.
Item 8.01. Other Events
On February13, 2019, Lithia Motors, Inc. announced a $0.29 per share cash dividend, to be paid on March22, 2019 to shareholders of record as of March8, 2019.
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
LITHIA MOTORS INC Exhibit
EX-99 2 lad2018q4-8k_ex99.htm EXHIBIT 99 Exhibit LITHIA REPORTS RECORD FULL YEAR 2018 REVENUES AND EARNINGS PER SHARE________________________________________________DECLARES DIVIDEND OF $0.29 PER SHARE FOR FOURTH QUARTERMedford,…
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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.