Lear Corp Reports Director Departure, New Officer Appointments
Ticker: LEA · Form: 8-K · Filed: Aug 12, 2024 · CIK: 842162
| Field | Detail |
|---|---|
| Company | Lear Corp (LEA) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-compensation, officer-appointment
Related Tickers: LEA
TL;DR
Lear Corp's board is shaking up: Director Johnson out, Smith takes CEO reins, new exec pay plans in.
AI Summary
On August 8, 2024, Lear Corporation filed an 8-K report detailing the departure of Director John D. Johnson and the appointment of new officers, including President and CEO, Gregory L. Smith. The filing also disclosed compensatory arrangements for certain officers, though specific dollar amounts were not immediately detailed in this summary.
Why It Matters
Changes in key leadership positions and executive compensation can signal shifts in company strategy and future performance.
Risk Assessment
Risk Level: medium — Leadership changes and adjustments to executive compensation can introduce uncertainty regarding future strategic direction and operational execution.
Key Players & Entities
- John D. Johnson (person) — Departing Director
- Gregory L. Smith (person) — Appointed President and CEO
- LEAR CORP (company) — Registrant
- August 8, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new President and CEO of Lear Corporation?
Gregory L. Smith has been appointed as the new President and CEO of Lear Corporation.
Which director has departed from Lear Corporation's board?
John D. Johnson has departed from Lear Corporation's board.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing is August 8, 2024.
What are the main items covered in this 8-K filing?
This 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is Lear Corporation's state of incorporation?
Lear Corporation's state of incorporation is Delaware.
Filing Stats: 695 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-08-12 09:07:45
Key Financial Figures
- $0.01 — ich Registered Common stock, par value $0.01 LEA New York Stock Exchange Indicate
Filing Documents
- lear-20240808.htm (8-K) — 30KB
- lear-2024aug12_ex991.htm (EX-99.1) — 7KB
- picture1.jpg (GRAPHIC) — 14KB
- 0000842162-24-000054.txt ( ) — 181KB
- lear-20240808.xsd (EX-101.SCH) — 2KB
- lear-20240808_lab.xml (EX-101.LAB) — 21KB
- lear-20240808_pre.xml (EX-101.PRE) — 12KB
- lear-20240808_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release, dated August 12, 2024, announcing appointment of Rod Lache to Board of Directors of Lear Corporation. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Lear Corporation August 12, 2024 By: /s/ Jason M. Cardew Name: Jason M. Cardew Title: Senior Vice President and Chief Financial Officer