Lad and sidney deboer complete b-share stock conversion nearly five years ahead of schedule

Medford, ore.--(business wire)--lithia motors & driveway (nyse: lad) today announced that nearly five years ahead of schedule, lad and sidney deboer have completed the conversion of lithia's class b common stock into class a common stock effective february 23, 2021. as a result, lithia motors & driveway no longer have a dual-class structure and all outstanding shares have the same economic value and voting power. “we are gracious that our founder and chairman of the board, sidney deboer
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