Lithia Motors (LAD) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by CEO and Chairman, welcoming shareholders and outlining the agenda, including voting, CEO presentation, and Q&A.

• Official business included board introductions, confirmation of quorum, and explanation of voting procedures.

Board and executive committee updates

• Ten nominees for the board of directors were introduced, with one new nominee and the rest being incumbents.

• Key management and external advisors, including KPMG and Perkins Coie, were present.

Shareholder proposals

• Four matters were up for vote: board election, executive compensation advisory, auditor ratification, and a shareholder proposal for an independent board chair.

• The shareholder proposal advocated for separating the roles of CEO and Chairman to improve governance and accountability.

• The board recommended voting against the independent chair proposal, which was ultimately not approved.