secwatch.observer — SEC 8-K summary
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Issuer:     Adient plc (ADNT)
CIK:        0001670541
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001670541-23-000148
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adient CEO Del Grosso to retire Dec 31; CFO Dorlack to succeed as CEO; Oswald named CFO
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- Doug Del Grosso retires as President and CEO and from the board effective Dec 31, 2023.
- Jerome Dorlack, current EVP and CFO, becomes President, CEO and board member effective Jan 1, 2024; base salary $950,000; bonus target 155%.
- Mark Oswald promoted to EVP and CFO effective Jan 1, 2024; base salary $600,000; bonus target 100%.
- Dorlack receives FY2024 LTIP target of $7.25M prorated and a Replacement RSU Award equal to 30% of salary vesting in one year.
- Oswald will enter a Key Executive Severance and Change of Control Agreement and standard indemnification agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670541/000167054123000148/0001670541-23-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670541/000167054123000148/adnt-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001670541-23-000148

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