Gentherm Announces Board Changes and Compensation Updates
Ticker: THRM · Form: 8-K · Filed: Aug 6, 2024 · CIK: 903129
| Field | Detail |
|---|---|
| Company | Gentherm Inc (THRM) |
| Form Type | 8-K |
| Filed Date | Aug 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Gentherm board shakeup and pay plan changes announced.
AI Summary
Gentherm Incorporated announced on August 5, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of Director David M. Dauch and the election of new directors, along with updates to its compensatory plans for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence.
Risk Assessment
Risk Level: medium — Board and executive changes, while common, can sometimes precede significant strategic shifts or indicate internal pressures.
Key Numbers
- 20240805 — Date of Report (Earliest event reported)
Key Players & Entities
- Gentherm Incorporated (company) — Registrant
- David M. Dauch (person) — Departing Director
- Michigan (location) — State of Incorporation
- 248-504-0500 (phone_number) — Registrant's telephone number
FAQ
Who are the newly elected directors of Gentherm Inc.?
The filing indicates the election of new directors but does not name them in the provided text.
What specific compensatory arrangements for officers were updated?
The filing mentions updates to compensatory arrangements for certain officers but does not detail the specifics in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 5, 2024.
What is Gentherm Inc.'s principal executive office address?
Gentherm Inc.'s principal executive offices are located at 21680 Haggerty Road, Northville, MI 48167.
What was Gentherm Inc.'s former name?
Gentherm Inc.'s former name was Amerigon Inc., with a date of name change on May 3, 1993.
Filing Stats: 471 words · 2 min read · ~2 pages · Grade level 14.3 · Accepted 2024-08-06 16:05:55
Filing Documents
- d881235d8k.htm (8-K) — 22KB
- 0001193125-24-194874.txt ( ) — 137KB
- thrm-20240805.xsd (EX-101.SCH) — 3KB
- thrm-20240805_lab.xml (EX-101.LAB) — 17KB
- thrm-20240805_pre.xml (EX-101.PRE) — 11KB
- d881235d8k_htm.xml (XML) — 3KB
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 hereunto duly authorized. GENTHERM INCORPORATED By: /s/ Wayne Kauffman Wayne Kauffman Senior Vice President, General Counsel and Secretary Date: August 6, 2024