{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-237293","form_type":"8-K","ticker":"THRM","cik":"0000903129","company_name":"Gentherm Inc","filed_at":"2023-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.972551+00:00","generated_at":"2026-06-10T14:19:04.314430+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Gentherm approves restructuring to move Greenville, SC manufacturing to Monterrey, Mexico","bullets":["Restructuring costs estimated at $14M-$18M ($14M-$17M cash); annual benefits of $5M-$6M expected.","Includes $2M-$4M severance, $7M-$8M capex, ~$1M depreciation, and $4M-$5M transition costs.","Manufacturing relocated from Greenville, SC to new facility in Monterrey, Mexico; completion by end of 2025.","Plan aims to lower cost base, improve financial performance and cash flow, and simplify organization."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-237293","json":"https://secwatch.observer/filing/0001193125-23-237293.json","markdown":"https://secwatch.observer/filing/0001193125-23-237293.md","text":"https://secwatch.observer/filing/0001193125-23-237293.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903129/000119312523237293/0001193125-23-237293-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903129/000119312523237293/d555827d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T14:19:04.314430+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":"b98e206f4a53085a0e0f77ee965d4e6de9807146","claim":"Gentherm Inc announced a restructuring with charges of between $14 million and $18 million affecting Greenville, South Carolina facility; Monterrey, Mexico.","evidence_excerpt":"organization best positioned to deliver on its key financial and operational priorities. In connection with the Plan, the Company expects to incur total costs of between $14 million and $18 million, of which between $14 million and $17 million are expected to be cash expenditures. The total expected costs include employee severance, retention and termination","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/903129/000119312523237293/0001193125-23-237293-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $14 million and $18 million"},{"label":"Affected area","value":"Greenville, South Carolina facility; Monterrey, Mexico"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}