secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K/A
Filed at:   2026-10-09T21:29:14+00:00
Accession:  0001193125-26-419232
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Gentherm completes Modine Performance Technologies merger; pro forma 2025 net loss $66.1M on $2.61B revenue
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- Completed Oct 1, 2026 combination: Modine spun off Performance Technologies; each SpinCo share converted into 0.44619 Gentherm shares plus cash for fractional shares.
- Gentherm issued 23,735,961 shares to Modine record-date holders, who now own ~43.62% of Gentherm; legacy Gentherm holders own ~56.38%.
- SpinCo entered $250M committed financing on June 29, 2026; paid Modine a $156M distribution; Gentherm paid a $2.07/share special dividend ($63.5M total) on Oct 7.
- Pro forma six months ended June 30, 2026: revenue $1.37B, operating income $35.6M, net income $10.2M, diluted EPS $0.28 on 54.7M weighted average shares.
- Pro forma FY2025: revenue $2.61B, operating income $98.5M, net loss attributable to Gentherm $66.1M ($1.22 diluted loss per share), including a $66.2M pension termination charge.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000119312526419232/0001193125-26-419232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000119312526419232/d186467d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-419232

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