---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-410776"
form_type: "8-K"
ticker: "THRM"
cik: "0000903129"
company_name: "Gentherm Inc"
filed_at: "2026-10-01T20:47:12+00:00"
generated_at: "2026-10-12T14:25:51.405464+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Gentherm closes Reverse Morris Trust with Modine's Performance Technologies; $2.07/share special dividend

## Summary
- Gentherm issued 23,735,961 shares to close the deal; Modine holders received 0.44619 THRM shares per MOD share and now own ~43.62% of the combined company.
- Special cash dividend of $2.07 per share (aggregate $63,500,492), payable October 7, 2026 to holders of record September 28, 2026.
- SpinCo borrowed $250.0M under a delayed draw term loan at SOFR plus 1.125%-2.000%; Gentherm guaranteed the debt and pledged substantially all of its assets.
- SpinCo paid Modine a $156M cash distribution used to repay debt; Gentherm acquired the Modine brand and will go to market as Modine, while Modine plans to rename as Modexus Solutions.
- Board grew from 9 to 10 members with Paul Mascarenas, ex-Ford CTO, effective October 1, 2026; authorized shares rose to 110,000,000 from 55,000,000.

## SEC filing metadata
- accession: 0001193125-26-410776
- form_type: 8-K
- ticker: THRM
- cik: 0000903129
- company_name: Gentherm Inc
- filed_at: 2026-10-01T20:47:12+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903129/000119312526410776/0001193125-26-410776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903129/000119312526410776/d214921d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-410776
- JSON: https://secwatch.observer/filing/0001193125-26-410776.json
- Plain text: https://secwatch.observer/filing/0001193125-26-410776.txt

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