secwatch.observer — SEC 8-K summary
======================================

Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2026-09-17T21:18:14+00:00
Accession:  0001104659-26-108614
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modine-Gentherm deal: Oct 1 closing expected, exchange ratio up, special dividend set
--------------------------------------------------------------------------------

- Modine sets Sept 28, 2026 record date for SpinCo spin-off; distribution expected Oct 1, 2026.
- Exchange ratio to be increased; Gentherm to issue ~2.9M additional shares; SpinCo cash distribution cut from $210M to $159M.
- Gentherm declares ~$58.35M special dividend (~$1.90/share) payable Oct 7, 2026 to Sept 28 record holders, conditioned on closing.
- Post-close ownership: Gentherm holders ~56.4%, SpinCo holders ~43.6% (based on 31.23M fully diluted shares).
- IRS private letter ruling received; Gentherm shareholders approved share issuance on Sept 10, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000110465926108614/0001104659-26-108614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000110465926108614/tm2625565d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-108614

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer