---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-044550"
form_type: "8-K"
ticker: "CVGI"
cik: "0001290900"
company_name: "Commercial Vehicle Group, Inc."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:19:02.858871+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CVG sells FSE control-panel business for $1.5M base plus earnout; appoints new Electrical Systems President

## Summary
- Asset sale to FSE Diya, Inc. for $1.5M base plus up to $1.5M earnout; closed October 30, 2024.
- Richard Tajer steps down as President of Electrical Systems effective Oct 31, 2024; employee through Dec 31, 2024 then separation under CIC agreement.
- Peter Lugo appointed President of Electrical Systems effective Nov 1, 2024; previously SVP at Southwire.
- Earnout payments tied to Buyer's Adjusted EBITDA thresholds of $4M (2025) and $5M (2026).
- Transition services agreement entered into; $500,000 of purchase price paid via promissory note.

## SEC filing metadata
- accession: 0001628280-24-044550
- form_type: 8-K
- ticker: CVGI
- cik: 0001290900
- company_name: Commercial Vehicle Group, Inc.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290900/000162828024044550/0001628280-24-044550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290900/000162828024044550/cvgi-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-044550
- JSON: https://secwatch.observer/filing/0001628280-24-044550.json
- Plain text: https://secwatch.observer/filing/0001628280-24-044550.txt

## Key facts
- Executive change
  Richard Tajer resigned as President of Electrical Systems at Commercial Vehicle Group, Inc..
  - Action: resigned
  - Role: President of Electrical Systems
  source text: On October 31, 2024, the Company and Richard Tajer, President of Electrical Systems, reached a separation agreement (the “Separation Agreement”) pursuant to which Mr. Tajer will cease being President of Elecrical Systems effective immediately and cease being an employee effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290900/000162828024044550/0001628280-24-044550-index.htm

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