www.sec.gov/Archives/edgar/data/1023128/0001193125-08-0 -
[Cached Version]
Published on: 4/29/2008
Last Visited: 8/10/2008
Bryan DeBoer, who is currently serving as the President, is nominated to fill the position previously held by M.L. Dick Heimann, who is retiring from the Board at the end of his term.
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Mr. Heimann will remain as a member of the senior management of Lithia.
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The following named executive officers were eligible to participate in the bonus plans for 2007: Sidney B. DeBoer, Chief Executive Officer; Bryan B. DeBoer, President and Chief Operating Officer; M. L. Dick Heimann, Vice Chairman; R. Bradford Gray, Executive Vice President, and Jeffrey B. DeBoer, Senior Vice President and Chief Financial Officer.
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M. L. Dick Heimann
Vice Chairman
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The listed executives have a Maximum Bonus Potential of 150% of base salary with the exception of M.L. Dick Heimann whose Maximum Bonus Potential is 100% of base salary.
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M. L. Dick Heimann, Vice Chairman of the Board
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Sidney DeBoer, M. L. Dick Heimann and R. Bradford Gray are not currently eligible to participate in the ESPP.
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M. L. Dick Heimann