LAD » Topics » To Be Held On May 11, 2006

This excerpt taken from the LAD DEF 14A filed Mar 31, 2006.

To Be Held On May 11, 2006


To the Shareholders of Lithia Motors, Inc.:


I am pleased to invite you to the Annual Meeting of Shareholders of LITHIA MOTORS, INC., which will be held at the Ashland Springs Hotel, 212 E. Main Street, Ashland, Oregon 97520, on Thursday, May 11, 2006, at 4:00 p.m., Pacific Daylight Time for the following purposes.


1.     To elect six (6) directors to serve for the ensuing year;

2.     To approve the 2006 Discretionary Support Services Bonus Plan; and

3.     To approve an amendment to the Lithia Motors, Inc. 1998 Employee Stock Purchase Plan to increase the number of shares issuable under the plan and to extend the term of the plan.


We will also consider and act on such other matters as may properly come before the meeting.


The Board of Directors has fixed the close of business on March 8, 2006 as the record date. Only holders of record of our common stock at the close of business on the record date will be entitled to notice of and to vote at the meeting and any adjournment thereof. Further information regarding voting rights and the matters to be voted upon is presented in this proxy statement.


The proxy statement, the proxy card, a return envelope and a copy of the Annual Report to Shareholders describing our operations for the year ended December 31, 2005 are enclosed.


I hope that you will be able to attend the meeting in person. Whether or not you plan to attend the meeting, please sign and return the enclosed proxy card promptly. Your shares will be voted at the meeting in accordance with your instructions.




Very truly yours,









Chairman of the Board and

March 31, 2006

Chief Executive Officer



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