Lear Corp Files 8-K: Director Changes & Officer Compensation Updates

Ticker: LEA · Form: 8-K · Filed: 2024-05-20T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-compensation, director-change

Related Tickers: LEA

TL;DR

LEAR filed an 8-K: director changes, officer comp updates, and shareholder votes. Governance in motion.

AI Summary

On May 16, 2024, Lear Corporation filed an 8-K report detailing several key events. These include the departure of a director, the election of a new director, and updates to compensatory arrangements for certain officers. The filing also covers the submission of matters to a vote of security holders and includes a Regulation FD disclosure, along with financial statements and exhibits.

Why It Matters

This filing signals potential shifts in corporate governance and executive compensation strategies at Lear Corporation, which could impact investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate governance matters and disclosures, with no immediate indication of significant financial distress or operational disruption.

Key Players & Entities

FAQ

Who departed from Lear Corporation's board of directors?

The 8-K filing indicates the departure of a director, but does not name the individual in the provided excerpt.

Was a new director elected to the board?

Yes, the filing states that a new director was elected.

What other items are covered in this 8-K filing?

The filing also covers compensatory arrangements of certain officers, submission of matters to a vote of security holders, Regulation FD disclosure, and financial statements and exhibits.

What is the exact date of the earliest event reported?

The earliest event reported is dated May 16, 2024.

What is Lear Corporation's Standard Industrial Classification code?

Lear Corporation's Standard Industrial Classification code is 3714, for MOTOR VEHICLE PARTS & ACCESSORIES.

From the Filing

0000842162-24-000037.txt : 20240520 0000842162-24-000037.hdr.sgml : 20240520 20240520083134 ACCESSION NUMBER: 0000842162-24-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240516 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240520 DATE AS OF CHANGE: 20240520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEAR CORP CENTRAL INDEX KEY: 0000842162 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133386776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11311 FILM NUMBER: 24962500 BUSINESS ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48033 BUSINESS PHONE: 2484471500 MAIL ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48033 FORMER COMPANY: FORMER CONFORMED NAME: LEAR CORP /DE/ DATE OF NAME CHANGE: 19960620 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SEATING CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SIEGLER SEATING CORP DATE OF NAME CHANGE: 19900723 8-K 1 lear-20240516.htm 8-K lear-20240516 0000842162 false 0000842162 2024-05-16 2024-05-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________  FORM 8-K ______________________________________  CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 16, 2024 ______________________________________  LEAR CORPORATION (Exact name of Registrant as specified in its charter) ______________________________________  Delaware 1-11311 13-3386776 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number) 21557 Telegraph Road , Southfield , MI 48033 (Address of principal executive offices) ( 248 ) 447-1500 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common stock, par value $0.01 LEA New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐ Section 5 - Corporate Governance and Management Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Car

View on Read The Filing