GOODYEAR TIRE & RUBBER CO /OH/ — fact timeline

GOODYEAR TIRE & RUBBER CO /OH/ reported first quarter of 2026 results: net income adjusted net loss of $112 million, EPS adjusted loss per share of $0.39.

“on a pre-tax basis, rationalization charges of $104 million. This significant item, and others, are excluded from adjusted earnings. First quarter 2026 adjusted net loss was $112 million compared to adjusted net loss of $11 million in the prior year's quarter. Adjusted loss per share was $0.39 compared to $0.04 in the prior year's quarter. Per share amounts are”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of $100 million and $110 million affecting Europe, Middle East and Africa (EMEA) (reduction of approximately 600 positions across multiple countries within EMEA, while also creating approximately 200 ne).

“the rationalization plan remain subject to consultation with employee representative bodies. The total pre-tax charges associated with these actions are expected to be between $100 million and $110 million, of which $75 million to $85 million are expected to be rationalization charges primarily for associate-related and other exit costs. Total cash outflows for”

GOODYEAR TIRE & RUBBER CO /OH/ completed a disposition involving G-3 Chickadee Purchaser, LLC for $650 million (closed 2025-10-31).

“On October 31, 2025, The Goodyear Tire & Rubber Company, an Ohio corporation (the “ Company ”), completed the previously announced sale of its polymer chemical business (the “ Business ”) to G-3 Chickadee Purchaser, LLC, a Delaware limited liability company (the “ Purchaser ”), for a purchase price of $650 million, subject to adjustments in accordance with the terms of the Asset Purchase Agreement dated as of May 22, 2025 (as amended, the “ Agreement ”), by and between the Company and the Purchaser (the “ Transaction ”).”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $100 million and $110 million affecting Europe, Middle East and Africa (“EMEA”) business unit (approximately 900 job reductions).

“On June 2, 2025, The Goodyear Tire & Rubber Company (the “Company”) approved a proposed plan to close our manufacturing facility in Kariega, South Africa in the Europe, Middle East and Africa (“EMEA”) business unit. The proposed plan includes approximately 900 job reductions, including associates and contracted positions, and is expected to be substantially complete by the end of 2025. The total charges associated with this action are expected to be between $100 million and $110 million, of which $45 million to $55 million are expected to be cash charges primarily for associate-related and other exit costs and the remaining costs are expected to be non-cash charges primarily for accelerated depreciation and other asset-related charges.”

GOODYEAR TIRE & RUBBER CO /OH/ amended revolving credit of Up to $800 million in letters of credit with JPMorgan Chase Bank, N.A. at SOFR plus 125 basis points maturing extended from 2026 to 2030.

“as described in greater detail below. The Company’s amended and restated first lien revolving credit facility is available in the form of loans or letters of credit. Up to $800 million in letters of credit and $50 million of swingline loans are available for issuance under the facility. Subject to the consent of the lenders whose commitments are to be”

Jason J. Winkler was elected as Director at GOODYEAR TIRE & RUBBER CO /OH/.

“On May 12, 2025, Jason J. Winkler was elected to the Board of Directors of The Goodyear Tire & Rubber Company, effective on May 15, 2025, to a term expiring at the 2026 Annual Meeting of Shareholders.”

Christopher R. Delaney departed as President, Europe, Middle East and Africa at GOODYEAR TIRE & RUBBER CO /OH/.

“Christopher R. Delaney, a named executive officer in the 2025 proxy statement, left his employment with The Goodyear Tire & Rubber Company (the “Company”) effective on April 14, 2025.”

Christina L. Zamarro was appointed as Executive Vice President and Chief Financial Officer at GOODYEAR TIRE & RUBBER CO /OH/.

“Ms. Christina L. Zamarro, Executive Vice President and Chief Financial Officer of the Company, will lead the EMEA business unit on an interim basis in addition to her duties as Chief Financial Officer.”

Christopher R. Delaney departed as President, Europe, Middle East and Africa at GOODYEAR TIRE & RUBBER CO /OH/.

“Effective April 4, 2025, Christopher R. Delaney, President, Europe, Middle East and Africa (“EMEA”), is on a leave of absence from his position with The Goodyear Tire & Rubber Company (the “Company”).”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $130 million and $140 million affecting Americas (approximately 850 job reductions).

“On January 30, 2025, The Goodyear Tire & Rubber Company (the “Company”) reached an agreement with the United Steelworkers and approved a plan to reduce the Company’s production capacity and production cost per tire in Americas. The plan includes approximately 850 job reductions, including associates and contracted positions, at its Danville, Virginia tire manufacturing facility, which will continue to produce aviation tires and conduct mixing operations. The Company expects to substantially complete this rationalization plan by the end of 2025 and estimates the total pre-tax charges associated with this action to be between $130 million and $140 million, of which $80 million to $90 million is expected to be cash charges primarily for associate-related and other exit costs and the remaining costs are expected to be non-cash charges primarily for accelerated depreciation, pension curtailment and other asset-related charges.”

GOODYEAR TIRE & RUBBER CO /OH/ completed a disposition involving The Yokohama Rubber Company, Limited for gross cash consideration of approximately $905 million, subject to certain customary adjustments (closed 2025-02-03).

“On February 3, 2025, The Goodyear Tire & Rubber Company, an Ohio corporation (the " Company "), completed the previously announced sale of its off-the-road tire business (the " Business ") to The Yokohama Rubber Company, Limited, a Japanese company ( kabushiki kaisha ) (the " Buyer ") for a gross cash consideration of approximately $905 million, subject to certain customary adjustments in accordance with the terms of the Share and Asset Purchase Agreement (the " Purchase Agreement ") dated as of July 22, 2024, by and between the Company and the Buyer (the " Transaction ").”

Prashanth Mahendra-Rajah resigned as Director at GOODYEAR TIRE & RUBBER CO /OH/.

“On January 11, 2025, Prashanth Mahendra-Rajah, a Director of The Goodyear Tire & Rubber Company (the “Company”), notified the Company that he will resign as a Director effective on January 15, 2025.”

GOODYEAR TIRE & RUBBER CO /OH/ reported first quarter of 2024 results: revenue $4.5 billion, net income $57 million (20 cents per share).

“Goodyear’s first quarter 2024 sales were $4.5 billion with tire unit volumes totaling 40.4 million. First quarter 2024 Goodyear net loss was $57 million (20 cents per share)”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Ratification of appointment of independent registered public accounting firm at the 2024-04-08 meeting.

“3. Ratification of appointment of independent registered public accounting firm. A resolution that the shareholders ratify the action of the Audit Committee in selecting and appointing PricewaterhouseCoopers LLP as the independent registered public accounting firm for Goodyear for the year ending December 31, 2024 was submitted to, and voted upon by, the shareholders. There were 241,176,157 shares of common stock voted in favor of, and 5,788,387 shares of common stock voted against, said resolution. The holders of 413,705 shares of common stock abstained and there were no broker non-votes.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Advisory vote regarding the compensation of named executive officers at the 2024-04-08 meeting.

“2. Advisory vote regarding the compensation of named executive officers. An advisory resolution that the shareholders approve the compensation of Goodyear’s named executive officers was submitted to, and voted upon by, the shareholders. There were 202,229,201 shares of common stock voted in favor of, and 10,777,720 shares of common stock voted against, said resolution. The holders of 1,367,735 shares of common stock abstained and there were 33,003,593 broker non-votes.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Election of Directors at the 2024-04-08 meeting.

“1. Election of Directors. Thirteen persons were nominated by the Board of Directors for election as directors of Goodyear, each to hold office for a one-year term expiring at the 2025 annual meeting of shareholders and until his or her successor is duly elected and qualified. Each nominee was elected. There were 33,003,593 broker non-votes with respect to each nominee. The votes cast for or against, as well as abstentions with respect to, each nominee were as follows: Name of Director Shares of Common Stock Voted For Shares of Common Stock Voted Against Abstentions Norma B. Clayton 210,258,234 (98.1%) 2,902,726 (1.3%) 1,213,696 (0.6%)”

GOODYEAR TIRE & RUBBER CO /OH/ reported financial results for the fourth quarter of 2023 and the year ended December 31, 2023.

“A copy of the Investor Letter issued by The Goodyear Tire & Rubber Company on Monday, February 12, 2024, describing its results of operations for the fourth quarter of 2023 and the year ended December 31, 2023, is attached hereto as Exhibit 99.1.”

Laurette T. Koellner was elected as Chairman of the Board at GOODYEAR TIRE & RUBBER CO /OH/.

“Ms. Laurette T. Koellner, the Board’s independent Lead Director, has been elected Chairman of the Board, all effective January 29, 2024.”

Richard J. Kramer was appointed as Senior Advisor at GOODYEAR TIRE & RUBBER CO /OH/.

“who will become Senior Advisor to the CEO, also effective January 29, 2024 until his retirement on July 31, 2024.”

Richard J. Kramer retired as Director and Chairman of the Board at GOODYEAR TIRE & RUBBER CO /OH/.

“Mr. Kramer will retire as a Director and Chairman of the Board”

Richard J. Kramer retired as Chief Executive Officer at GOODYEAR TIRE & RUBBER CO /OH/.

“Mr. Stewart succeeds Richard J. Kramer”

Mark Stewart was appointed as Director at GOODYEAR TIRE & RUBBER CO /OH/.

“On January 18, 2024, The Goodyear Tire & Rubber Company (the “Company”) announced that Mark Stewart will become Chief Executive Officer and President and a member of the Board of Directors of the Company (the “Board”), effective January 29, 2024.”

Mark Stewart was appointed as Chief Executive Officer and President at GOODYEAR TIRE & RUBBER CO /OH/.

“On January 18, 2024, The Goodyear Tire & Rubber Company (the “Company”) announced that Mark Stewart will become Chief Executive Officer and President and a member of the Board of Directors of the Company (the “Board”), effective January 29, 2024.”

Stephen R. McClellan departed as President, Americas at GOODYEAR TIRE & RUBBER CO /OH/.

“On January 12, 2024, Stephen R. McClellan, President, Americas, informed The Goodyear Tire & Rubber Company (the “Company”) of his plans to retire effective April 1, 2024.”

Darren R. Wells departed as Executive Vice President and Chief Administrative Officer at GOODYEAR TIRE & RUBBER CO /OH/.

“On December 18, 2023, Darren R. Wells, Executive Vice President and Chief Administrative Officer, informed The Goodyear Tire & Rubber Company (the “Company”) of his plans to retire effective February 29, 2024.”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $575 million and $600 million affecting Europe, Middle East and Africa (EMEA) (approximately 1,750 job reductions at Fulda and Fürstenwalde, consisting of 1,500 associates and 250 contracted and temp).

“complete the closure of Fulda by 2025 and closure of Fürstenwalde by the end of 2027. The Company estimates total pre-tax charges associated with these actions to be between $575 million and $600 million, of which $425 million to $450 million is expected to be cash charges primarily for associate-related costs and other exit costs, with the remainder representing”

Richard J. Kramer departed as Chairman, Chief Executive Officer and President at GOODYEAR TIRE & RUBBER CO /OH/.

“On November 10, 2023, Richard J. Kramer, Chairman, Chief Executive Officer and President, informed the Board of Directors of The Goodyear Tire & Rubber Company (the “Company”) of his plans to retire in 2024.”

GOODYEAR TIRE & RUBBER CO /OH/ reported financial results for third quarter of 2023.

“A copy of the Investor Letter issued by The Goodyear Tire & Rubber Company on Monday, November 6, 2023, describing its results of operations for the third quarter of 2023, is attached hereto as Exhibit 99.1.”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $55 million and $65 million affecting Asia Pacific (approximately 700 positions).

“quarter. The Company expects to substantially complete this rationalization plan by the end of 2024 and estimates total pre-tax charges associated with this action to be between $55 million and $65 million, of which $40 million to $50 million are expected to be cash charges primarily for associate-related and lease exit costs, with the remainder primarily”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of approximately $210 million to $230 million affecting Europe, Middle East and Africa ("EMEA") (approximately 1,200 positions across multiple countries within EMEA while also creating approximately 500 new roles prin).

“in significant savings beginning in 2024 and to be substantially complete in 2025. The total pre-tax charges associated with these actions are expected to be approximately $210 million to $230 million, substantially all of which are expected to be cash charges primarily for associate-related and other implementation and exit costs. The amounts and timing of the”

GOODYEAR TIRE & RUBBER CO /OH/ reported financial results for the second quarter of 2023.

“A copy of the Investor Letter issued by The Goodyear Tire & Rubber Company on Wednesday, August 2, 2023, describing its results of operations for the second quarter of 2023, is attached hereto as Exhibit 99.1.”

GOODYEAR TIRE & RUBBER CO /OH/ entered into Cooperation Agreement with Elliott Investment Management L.P., Elliott Associates, L.P., and Elliott International, L.P. (together, “Elliott”) (effective 2023-07-25).

“On July 25, 2023, The Goodyear Tire & Rubber Company (the “Company”) entered into a letter agreement (the “Cooperation Agreement”) with Elliott Investment Management L.P., Elliott Associates, L.P., and Elliott International, L.P. (together, “Elliott”).”

Roger J. Wood was appointed as Director at GOODYEAR TIRE & RUBBER CO /OH/.

“each of the New Directors was appointed to the Board effective July 25, 2023.”

Max H. Mitchell was appointed as Director at GOODYEAR TIRE & RUBBER CO /OH/.

“each of the New Directors was appointed to the Board effective July 25, 2023.”

Joseph R. Hinrichs was appointed as Director at GOODYEAR TIRE & RUBBER CO /OH/.

“each of the New Directors was appointed to the Board effective July 25, 2023.”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of between $105 million and $115 million affecting Fulda, Germany tire manufacturing facility (EMEA segment) (approximately 550 job reductions at Fulda, consisting of 375 associates and 175 contracted positions).

“The Company expects to substantially complete this rationalization plan by the end of 2024 and estimates total pre-tax charges associated with this action to be between $105 million and $115 million, of which $95 million to $105 million is expected to be cash charges primarily for associate-related and other exit costs, with the remainder representing”

GOODYEAR TIRE & RUBBER CO /OH/ reported financial results for the first quarter of 2023.

“A copy of the Investor Letter issued by The Goodyear Tire & Rubber Company on Thursday, May 4, 2023, describing its results of operations for the first quarter of 2023, is attached hereto as Exhibit 99.1.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders rejected Shareholder proposal regarding ratification of termination pay. at the 2023-04-10 meeting.

“There were 34,021,067 broker non-votes with respect to each nominee. The votes cast for or against, as well as abstentions with respect to, each nominee were as follows: Name of Director Shares of Common Stock Voted For Shares of Common Stock Voted Against Abstentions Norma B.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Proposal to eliminate statutory supermajority vote requirements applicable to common stock. at the 2023-04-10 meeting.

“Proposal to eliminate statutory supermajority vote requirements applicable to common stock.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Ratification of appointment of independent registered public accounting firm. at the 2023-04-10 meeting.

“Ratification of appointment of independent registered public accounting firm.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Advisory vote on the frequency of future shareholder votes regarding the compensation of named executive officers. at the 2023-04-10 meeting.

“Advisory vote on the frequency of future shareholder votes regarding the compensation of named executive officers.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Advisory vote regarding the compensation of named executive officers. at the 2023-04-10 meeting.

“Advisory vote regarding the compensation of named executive officers.”

GOODYEAR TIRE & RUBBER CO /OH/ shareholders approved Election of Directors at the 2023-04-10 meeting.

“Election of Directors. Twelve persons were nominated by the Board of Directors for election as directors of Goodyear, each to hold office for a one-year term expiring at the 2024 annual meeting of shareholders and until his or her successor is duly elected and qualified.”

Evan M. Scocos changed role as Vice President, Finance – Americas at GOODYEAR TIRE & RUBBER CO /OH/.

“Ms. Snyder succeeds Evan M. Scocos, who will become Vice President, Finance – Americas, also effective April 1, 2023.”

Margaret V. Snyder was elected as Vice President and Controller at GOODYEAR TIRE & RUBBER CO /OH/.

“On March 31, 2023, The Goodyear Tire & Rubber Company (“Goodyear”) elected Margaret V. Snyder as Vice President and Controller, effective April 1, 2023.”

GOODYEAR TIRE & RUBBER CO /OH/ reported financial results for the year ended December 31, 2022.

“A copy of the Investor Letter issued by The Goodyear Tire & Rubber Company on Wednesday, February 8, 2023, describing its results of operations for the fourth quarter of 2022 and the year ended December 31, 2022, is attached hereto as Exhibit 99.1.”

GOODYEAR TIRE & RUBBER CO /OH/ reported financial results for the fourth quarter of 2022.

“A copy of the Investor Letter issued by The Goodyear Tire & Rubber Company on Wednesday, February 8, 2023, describing its results of operations for the fourth quarter of 2022 and the year ended December 31, 2022, is attached hereto as Exhibit 99.1.”

GOODYEAR TIRE & RUBBER CO /OH/ reported preliminary financial results for fourth quarter of 2022.

“A copy of a News Release issued by The Goodyear Tire & Rubber Company (the “Company”) on Friday, January 27, 2023, describing certain aspects of its results of operations for the fourth quarter of 2022, is attached hereto as Exhibit 99.1.”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of approximately $55 million (approximately 5 percent reduction in salaried staff globally, or about 500 positions).

“substantially complete the rationalization plan during the first and second quarters of 2023 and estimates total pre-tax charges associated with this action to be approximately $55 million, of which approximately $39 million are expected to be cash charges primarily for associate-related and other exit costs, with the remainder representing non-cash charges”

Darren R. Wells changed role as Executive Vice President and Chief Administrative Officer at GOODYEAR TIRE & RUBBER CO /OH/.

“Ms. Zamarro succeeds Darren R. Wells, who will become Executive Vice President and Chief Administrative Officer, also effective January 1, 2023.”