Adient plc — fact timeline

Adient plc reported second quarter ended March 31, 2026 results: revenue $ 3,865, net income $ 27, EPS $ 0.34.

“Appendix Page 1 Adient plc Condensed Consolidated Statements of Income (Loss) (Unaudited) Three Months Ended March 31, (in millions, except per share data) 2026 2025 Net sales $ 3,865 $ 3,611 Cost of sales 3,608 3,350 Gross profit 257 261 Selling, general and administrative expenses 138 144 Restructuring and impairment costs 5 351 Equity income 13 18 Earnings (loss) before interest and income taxes 127 (216) Net financing charges 48 48 Other pension expense 3 1 Income (loss) before income taxes 76 (265) Income tax provision 32 48 Net income (loss) 44 (313) Income attributable to noncontrolling interests 17 22 Net income (loss) attributable to Adient $ 27 $ (335) Diluted earnings (loss) per share $ 0.34 $ (3.99) Shares outstanding at period end 78.4 84.0 Diluted weighted average shares 79.3 84.0”

Adient plc amended Amendment with Bank of America, N.A., as administrative agent and collateral agent valued at $624,000,000 (effective 2026-01-15).

“On January 15, 2026 (the “Amendment Effective Date”), Adient US LLC, a Michigan limited liability company (the “Lead Borrower”), Adient Global Holdings S.à.r.l., a private limited liability company ( société à responsabilité limitée ) incorporated under the laws of the Grand Duchy of Luxembourg (together with the Lead Borrower, the “Borrowers” and each, a “Borrower”), Adient plc (“Parent”) and certain of Parent’s other subsidiaries entered into an amendment (the “Amendment”) to the Term Loan Credit Agreement, dated as of May 6, 2019 (as amended prior to the Amendment Effective Date, the “Existing Credit Agreement” and, as amended by the Amendment, the “Credit Agreement”), among the Borrowers, each of the lenders identified therein and Bank of America, N.A., as administrative agent and collateral agent (the “Agent”).”

Adient plc amended term loan of $624,000,000 with Bank of America, N.A., as administrative agent and collateral agent at 2.00%, in the case of Term SOFR loans, and 1.00%, in the case of Base Rate loans.

“to 2.00%, in the case of Term SOFR loans, and 1.00%, in the case of Base Rate loans. The total loans outstanding under the Credit Agreement as of the Amendment Effective Date of $624,000,000 remained unchanged. The obligations under the Credit Agreement continue to be guaranteed on a secured basis by Parent and certain of its material wholly-owned restricted”

Adient plc amended revolving credit of $1,000,000,000 with JPMorgan Chase Bank, N.A. maturing five years from the Amendment Effective Date.

“extends the maturity date under the Amended Credit Agreement to the date that is five years from the Amendment Effective Date and (ii) reduces the aggregate commitments under the Amended Credit Agreement to $1,000,000,000”

Adient plc reported financial results for the second quarter ended March 31, 2024.

“On May 3, 2024, Adient plc (the “Company”) issued a news release announcing its financial results for the second quarter ended March 31, 2024.”

Adient plc announced a restructuring with charges of approximately $125 million affecting Europe.

“works councils to complete statutory co-determination procedures will occur over the coming months. Adient currently expects to record a restructuring charge of approximately $125 million in the second quarter of fiscal year 2024, almost entirely related to termination benefits in Europe. Adient currently estimates that this charge will result in future cash”

Adient plc shareholders approved Renewal of Board of Directors' authority to opt-out of statutory preemption rights under Irish law at the 2024-03-12 meeting.

“Adient’s shareholders approved the renewal of the Board of Directors’ authority to opt-out of statutory preemption rights under Irish law by the following vote: For Against Abstain 82,499,403 819,100 79,953”

Adient plc shareholders approved Renewal of Board of Directors' authority to issue shares under Irish law at the 2024-03-12 meeting.

“Adient’s shareholders approved the renewal of the Board of Directors’ authority to issue shares under Irish law by the following vote: For Against Abstain 82,061,383 1,263,000 74,073”

Adient plc shareholders approved Advisory vote on compensation of named executive officers at the 2024-03-12 meeting.

“Adient’s shareholders approved, on an advisory basis, the compensation of Adient’s named executive officers by the following vote: For Against Abstain Broker Non-Vote 75,253,643 3,602,404 75,308 4,467,101”

Adient plc shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2024 and authorization to set auditors’ remuneration at the 2024-03-12 meeting.

“Adient’s shareholders ratified, by non-binding advisory vote, the appointment of PricewaterhouseCoopers LLP as Adient’s independent auditor for fiscal year 2024 and authorized, by binding vote, the Board of Directors, acting through the Audit Committee, to set the auditors’ remuneration by the following vote: For Against Abstain 81,821,041 1,510,377 67,038”

Adient plc shareholders approved Election of nine directors at the 2024-03-12 meeting.

“Adient’s shareholders elected, by separate resolutions, the following nine directors for a period of one year, expiring at the end of Adient’s Annual General Meeting of Shareholders in 2025, by the following votes: Nominee For Against Abstain Broker Non-Vote Julie L. Bushman 78,461,093 417,437 52,825 4,467,101 Peter H. Carlin 77,686,919 1,189,287 55,149 4,467,101 Ricky T. Dillon 78,523,099 350,627 57,629 4,467,101 Jerome J. Dorlack 78,578,179 298,946 54,230 4,467,101 Jodi E. Eddy 78,597,585 271,072 62,698 4,467,101 Richard Goodman 78,511,177 366,176 54,002 4,467,101 José M. Gutiérrez 78,095,049 778,395 57,911 4,467,101 Frederick A. Henderson 78,377,758 485,192 68,405 4,467,101 Barb J. Samardzich 78,384,367 493,139 53,849 4,467,101”

Adient plc reported financial results for the first quarter ended December 31, 2023.

“On February 7, 2024, Adient plc (the “Company”) issued a news release announcing its financial results for the first quarter ended December 31, 2023.”

Adient plc amended term loan of $635,000,000 with Bank of America, N.A. at 2.75%, in the case of Term SOFR loans, and 1.75%, in the case of Base Rate loans maturing January 31, 2031.

“to 2.75%, in the case of Term SOFR loans, and 1.75%, in the case of Base Rate loans. The total loans outstanding under the Credit Agreement as of the Amendment Effective Date of $635,000,000 remained unchanged. The obligations under the Credit Agreement continue to be guaranteed on a secured basis by Parent and certain of its material wholly-owned restricted”

Adient plc amended Twelfth Amendment to Credit and Guaranty Agreement with Bank of America, N.A., as administrative agent and collateral agent (effective 2024-01-31).

“On January 31, 2024 (the “Amendment Effective Date”), Adient US LLC, a Michigan limited liability company (the “Lead Borrower”), Adient Global Holdings S.à.r.l., a private limited liability company ( société à responsabilité limitée ) incorporated under the laws of the Grand Duchy of Luxembourg (together with the Lead Borrower, collectively, the “Borrowers” and each, a “Borrower”), Adient plc (“Parent”) and certain of Parent’s other subsidiaries entered into an amendment (the “Amendment”) of the Term Loan Credit Agreement”

Adient plc reported Q1FY24 results: revenue approximately $3.7B.

“Revenue in Q1FY24 is expected to be approximately $3.7B, or about flat vs. Q1FY23. Q1FY24 Adjusted EBITDA is expected to be approximately $215M, versus $212M in the prior-year quarter”

Adient plc reported financial results for fourth quarter and fiscal year ended September 30, 2023.

“On November 8, 2023, Adient plc (the “Company”) issued a news release announcing its financial results for the fourth quarter and fiscal year ended September 30, 2023. The news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.”

Mark A. Oswald was appointed as Executive Vice President and Chief Financial Officer at Adient plc.

“Mark A. Oswald will become Executive Vice President and Chief Financial Officer, also effective January 1, 2024”

Jerome J. Dorlack was appointed as President and Chief Executive Officer at Adient plc.

“Jerome J. Dorlack, who has been serving as Adient’s Executive Vice President and Chief Financial Officer since 2022, will become President and Chief Executive Officer and be appointed as a director of Adient, effective as of January 1, 2024”

Douglas G. Del Grosso departed as President and Chief Executive Officer at Adient plc.

“Adient announced that Douglas G. Del Grosso will retire as its President and Chief Executive Officer and as a director of Adient, effective as of December 31, 2023.”

Jodi E. Eddy was appointed as Director at Adient plc.

“On September 18, 2023, the Board of Directors (the “Board”) of Adient plc (“Adient”) appointed Jodi E. Eddy to the Board effective September 19, 2023, to serve a term initially expiring at Adient’s 2024 Annual General Meeting of Shareholders.”

Adient plc reported financial results for the third quarter ended June 30, 2023.

“On August 2, 2023, Adient plc (the “Company”) issued a news release announcing its financial results for the third quarter ended June 30, 2023.”

Adient plc shareholders approved Advisory vote on frequency of future advisory votes on named executive compensation.

“Consistent with the recommendation of the Board of Directors of Adient (the “ Board ”) as set forth in Adient’s proxy statement for its 2023 Annual General Meeting and the vote of the shareholders at the 2023 Annual General Meeting, Adient has adopted a policy to include an advisory vote on named executive officer compensation on an annual basis.”

Adient plc entered into Supplemental Secured Indenture with certain of Adient’s subsidiaries (effective 2023-03-14).

“certain of Adient’s subsidiaries that executed a supplemental indenture to the Secured Indenture on March 14, 2023 (the “ Supplemental Secured Indenture ”).”

Adient plc entered into Unsecured Indenture with U.S. Bank Trust Company, National Association valued at $500 million (effective 2023-03-14).

“On March 14, 2023, Adient Global Holdings entered into an indenture (the “ Unsecured Indenture ”) relating to the issuance of $500 million aggregate principal amount of 8.250% Senior Unsecured Notes (the “ Unsecured Notes ”), by and between Adient Global Holdings and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).”

Adient plc entered into Secured Indenture with U.S. Bank Trust Company, National Association valued at $500 million (effective 2023-03-14).

“Adient Global Holdings Ltd (“ Adient Global Holdings ”), a wholly-owned subsidiary of Adient plc (“ Adient ”), entered into an indenture (the “ Secured Indenture ”) relating to the issuance of $500 million aggregate principal amount of 7.000% Senior Secured Notes (the “ Secured Notes ”), by and between Adient Global Holdings and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).”

Adient plc shareholders approved Renewal of Board authority to opt-out of statutory preemption rights under Irish law at the 2023-03-07 meeting.

“Adient’s shareholders approved the renewal of the Board of Directors’ authority to opt-out of statutory preemption rights under Irish law by the following vote:”

Adient plc shareholders approved Renewal of Board authority to issue shares under Irish law at the 2023-03-07 meeting.

“Adient’s shareholders approved the renewal of the Board of Directors’ authority to issue shares under Irish law by the following vote:”

Adient plc shareholders approved Recommendation that advisory vote on executive compensation be held every year at the 2023-03-07 meeting.

“Adient’s shareholders recommended that Adient hold the advisory vote on the frequency of the advisory vote on named executive officer compensation on an annual basis by the following vote:”

Adient plc shareholders approved Advisory vote on compensation of named executive officers at the 2023-03-07 meeting.

“Adient’s shareholders approved, on an advisory basis, the compensation of Adient’s named executive officers by the following vote:”

Adient plc shareholders approved Ratification of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2023 and authorization to set auditors' remuneration at the 2023-03-07 meeting.

“Adient’s shareholders ratified, by non-binding advisory vote, the appointment of PricewaterhouseCoopers LLP as Adient’s independent auditor for fiscal year 2023 and authorized, by binding vote, the Board of Directors, acting through the Audit Committee, to set the auditors’ remuneration by the following vote:”

Adient plc shareholders approved Election of eight directors at the 2023-03-07 meeting.

“Adient’s shareholders elected, by separate resolutions, the following eight directors for a period of one year, expiring at the end of Adient’s Annual General Meeting of Shareholders in 2024, by the following votes:”

Jerome J. Dorlack was appointed as Executive Vice President and Chief Financial Officer at Adient plc.

“Jerome J. Dorlack, Adient’s current Executive Vice President, Americas who will become Adient’s Executive Vice President and Chief Financial Officer (“ CFO ”) as of December 1, 2022.”

Adient plc reported financial results for the fourth quarter and fiscal year ended September 30, 2022.

“On November 4, 2022, Adient plc issued a news release announcing its financial results for the fourth quarter and fiscal year ended September 30, 2022. The news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.”

Adient plc amended Amendment and Restatement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (effective 2022-11-02).

“On November 2, 2022 (the “Restatement Date”), Adient US LLC, a Michigan limited liability company (the “Lead Borrower”), Adient plc, and the other Loan Parties (as defined in the Amended Credit Agreement (as defined below)) entered into an amendment and restatement agreement (the “Amendment and Restatement”), which amended and restated that certain Revolving Credit Agreement, dated as of May 6, 2019”

James D. Conklin was appointed as Executive Vice President, Americas at Adient plc.

“With Mr. Dorlack’s appointment, James D. Conklin will become the Executive Vice President, Americas, also effective December 1, 2022.”

Jerome J. Dorlack was appointed as Executive Vice President and Chief Financial Officer at Adient plc.

“Adient’s current Executive Vice President, Americas since 2019, Jerome J. Dorlack, will become Executive Vice President and Chief Financial Officer effective as of December 1, 2022”

Jeffrey M. Stafeil resigned as Executive Vice President and Chief Financial Officer at Adient plc.

“On October 31, 2022, Adient plc (“Adient”) announced that Jeffrey M. Stafeil will resign as its Executive Vice President and Chief Financial Officer effective as of November 30, 2022”