secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2026-10-01T20:47:12+00:00
Accession:  0001193125-26-410776
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000119312526410776/0001193125-26-410776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000119312526410776/d214921d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-410776

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