8-K
filed May 20, 2024, 7:59 PM ET
ticker LEA
CIK 0000842162
leadership
confidence high
sentiment neutral
materiality 0.60
Lear appoints Carl Esposito to lead IDEA by Lear; Nick Roelli succeeds as President of E-Systems
LEAR CORP
- Carl Esposito named SVP, IDEA by Lear, effective May 16, 2024; previously SVP & President of E-Systems.
- Nick Roelli appointed SVP & President of E-Systems, effective May 16; previously VP of Seating North America.
- Roelli's employment agreement: base salary $650K, eligible for annual bonus and long-term incentives under 2019 LTSIP.
- At May 16 annual meeting, all 10 director nominees elected; auditor ratified; say-on-pay passed with ~46.9M for, 5.1M against.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas J. Roelli was appointed as Senior Vice President and President, E-Systems at LEAR CORP.
- Action
- appointed
- Role
- Senior Vice President and President, E-Systems
Exact text from the filing
On May 20, 2024, the Company also announced the appointment of Nicholas J. Roelli as Senior Vice President and President, E-Systems of the Company, effective May 16, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carl A. Esposito was appointed as Senior Vice President, IDEA by Lear at LEAR CORP.
- Action
- appointed
- Role
- Senior Vice President, IDEA by Lear
Exact text from the filing
On May 20, 2024, Lear Corporation (the “Company” or “Lear”) announced the appointment of Carl A. Esposito as Senior Vice President, IDEA by Lear, effective May 16, 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Election of directors at the 2024-05-16 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-16
Exact text from the filing
On May 16, 2024, the Company held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”). Set forth below are the final voting results for each of the proposals submitted to a vote of the stockholders at the Annual Meeting: Shares Voted For Shares Voted Against Abstentions Broker Non-Votes Election of directors Mei-Wei Cheng 51,682,932 257,395 27,704 1,067,068 Jonathan F. Foster 48,135,954 3,804,568 27,509 1,067,068 Bradley M. Halverson 51,490,182 450,440 27,409 1,067,068 Mary Lou Jepsen 51,496,806 444,480 26,745 1,067,068 Roger A. Krone 51,639,067 301,243 27,721 1,067,068 Patricia L. Lewis 51,566,558 374,611 26,862 1,067,068 Kathleen A. Ligocki 48,312,659 3,628,625 26,747 1,067,068 Conrad L. Mallett, Jr. 48,111,527 3,829,045 27,459 1,067,068 Raymond E. Scott 51,298,605 642,046 27,380 1,067,068 Gregory C. Smith 48,920,545 3,019,996 27,490 1,067,068
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Advisory approval of Lear’s executive compensation at the 2024-05-16 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-16
Exact text from the filing
Advisory approval of Lear’s executive compensation 46,865,658 5,072,563 29,810 1,067,068
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Ratification of appointment of independent registered public accounting firm at the 2024-05-16 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-16
Exact text from the filing
Ratification of appointment of independent registered public accounting firm 51,076,826 1,940,191 18,082 N/A
View on SEC.gov
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