LITHIA MOTORS INC false 0001023128 0001023128 2020-09-30 2020-09-30

 

 

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 Exchange Act of 1934

Date of Report (date of earliest event reported): October 1, 2020 (September 30, 2020)

 

 

LITHIA MOTORS, INC

(Exact name of registrant as specified in its charter)

 

 

 

Oregon   001-14733   93-0572810

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

150 N. Bartlett Street, Medford, Oregon   97501
(Address of principal executive offices)   (Zip Code)

(541) 776-6401

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 (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Class A common stock without par value   LAD   The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 8.01.

Other Items.

On September 30, 2020, Lithia Motors, Inc. (“the Company”) issued a press release announcing that it has priced its previously announced underwritten public offering of 3,181,819 shares of its Class A common stock (the “Common Stock Offering”) (3,659,091 shares if the underwriters in the Common Stock Offering exercise in full their option to purchase additional shares) at a price to the public of $220.00 per share. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

On September 30 2020, the Company issued a press release announcing that it has priced its private offering (the “Notes Offering”) of $550 million in aggregate principal amount of its 4.375% senior notes due 2031, which represents an increase of $50 million from the offering size previously announced. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information in this Current Report on Form 8-K, including the information contained in the exhibits attached hereto, is neither an offer to sell nor a solicitation of an offer to buy any securities.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit
No.
   Description
99.1    Press Release of Lithia Motors, Inc. dated September 30, 2020 (relating to the Common Stock Offering)
99.2    Press Release of Lithia Motors, Inc. dated September 30, 2020 (relating to the Notes Offering)
104    Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).


SIGNATURE

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    LITHIA MOTORS, INC.
Dated: October 1, 2020     By:  

/s/ Tina Miller

      Tina Miller
      Senior Vice President and Chief Financial Officer
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