{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-003553","form_type":"8-K","ticker":"THRM","cik":"0000903129","company_name":"Gentherm Inc","filed_at":"2023-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.489312+00:00","generated_at":"2026-06-20T19:11:12.747694+00:00","sec_items":["2.05","2.06","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Gentherm to exit non-automotive electronics business, expects $13M-$18M in impairment charges","bullets":["Board approved plan to exit non-automotive electronics business; evaluating sale or wind-down over 8-12 months.","FY2022 product revenues from this business expected ~$17M; non-cash impairment charges of $13M-$18M.","Impairment includes inventory ($7M-$12M), intangible assets (~$5M), and PP&E (~$1M); plus ~$500K transition costs.","Company says no impact on automotive electronics business; charges excluded from non-GAAP 2022 metrics."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-003553","json":"https://secwatch.observer/filing/0001193125-23-003553.json","markdown":"https://secwatch.observer/filing/0001193125-23-003553.md","text":"https://secwatch.observer/filing/0001193125-23-003553.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903129/000119312523003553/0001193125-23-003553-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903129/000119312523003553/d424114d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:11:12.747694+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"83c47da5eb7e31e7cf0b4b5db42e66a4e3adf9c8","claim":"Gentherm Inc announced a restructuring with charges of between $13 million and $18 million affecting non-automotive electronics business.","evidence_excerpt":"be utilized by other operations of the Company. In connection with approval of the plan to exit the Business, the Company is expected to incur total non-cash expenses of between $13 million and $18 million, including impairment of inventory of between $7 million and $12 million, impairment of intangible assets of approximately $5 million, and impairment of a portion","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/903129/000119312523003553/0001193125-23-003553-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $13 million and $18 million"},{"label":"Affected area","value":"non-automotive electronics business"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}