secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001193125-24-253684
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentherm names Bill Presley as CEO effective Jan 1, 2025; Phil Eyler departs Dec 31, 2024
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- Phil Eyler will resign as CEO and director Dec 31, 2024; will serve as advisor through June 2025.
- William T. Presley, former Aptiv Vice Chairman and COO, becomes President, CEO and board member Jan 1, 2025.
- Presley's package: $950k salary, 125% bonus target, $4M annual equity grant (70% PSUs, 30% RSUs).
- Presley receives two $1.35M cash bonuses and $4.7M in RSUs to replace forfeited Aptiv compensation.
- Company expects to name new CFO soon; search process ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000119312524253684/0001193125-24-253684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000119312524253684/d873150d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-253684

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