---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-268883"
form_type: "8-K"
ticker: "THRM"
cik: "0000903129"
company_name: "Gentherm Inc"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:31:26.460027+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gentherm extends stock buyback to June 2024, launches $60M accelerated share repurchase

## Summary
- Board extended 2020 repurchase program to June 30, 2024; ~$97M remained as of Oct 31.
- Entered ASR with Bank of America to repurchase $60M of common stock.
- Initial delivery of ~1.22 million shares (80% of ASR amount) on Nov 2, 2023.
- Final settlement expected no later than Q2 2024 based on VWAP less discount.
- CFO cites balance sheet strength and confidence in future growth and profitability.

## SEC filing metadata
- accession: 0001193125-23-268883
- form_type: 8-K
- ticker: THRM
- cik: 0000903129
- company_name: Gentherm Inc
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903129/000119312523268883/0001193125-23-268883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903129/000119312523268883/d548342d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-268883
- JSON: https://secwatch.observer/filing/0001193125-23-268883.json
- Plain text: https://secwatch.observer/filing/0001193125-23-268883.txt

## Key facts
- Material Agreements
  Gentherm Inc entered into Confirmation of Issuer Forward Repurchase Transaction agreement with Bank of America, N.A. valued at $60 million (effective 2023-11-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Bank of America, N.A.
  - Value: $60 million
  - Effective: 2023-11-01
  source text: On November 1, 2023 and following the above-noted extension, the Company entered into a Confirmation of Issuer Forward Repurchase Transaction agreement (the “ASR Agreement”) with Bank of America, N.A. (the “Bank of America”) that provides for the Company to purchase shares of common stock in an aggregate amount of $60 million (the “ASR Repurchase Amount”) under the 2020 Stock Repurchase Program.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903129/000119312523268883/0001193125-23-268883-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.