Modine terminates frozen pension plan effective July 31, 2024; expects $120M-$130M non-cash charges

MODINE MANUFACTURING CO

Termination effective July 31, 2024, subject to PBGC standard termination procedures; IRS determination letter filed June 14, 2024.
Prior $27M contributions increased funded status to ~91%; expects additional $15M-$30M cash contribution to fully fund termination.
Non-cash pension settlement charges of $120M-$130M expected upon settlement of obligations; actual amount may vary.
Approximately 5,000 participants affected; no change in benefits earned.
Board authorized termination on March 21, 2024; company may change effective date or revoke but has no intent to do so.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.