GENTHERM INCORPORATED (NASDAQ:THRM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

GENTHERM INCORPORATED (NASDAQ:THRM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 1, 2018, the Board of Directors (the “Board”) of Gentherm Incorporated (the “Company”), to its powers under the Amended and Restated Bylaws of the Company, increased its size from eight to nine directors. At the same time, the Board appointed Charles Kummeth to fill the vacancy created by such increase.

Mr.Kummeth is the President and Chief Executive Officer of Bio-Techne Corporation (NASDAQ: TECH), a position he has held since 2013.He currently serves on the Board of Directors of Bio-Techne Corporation and Sparton Corporation (NYSE: SPA). Mr.Kummeth will serve on the Company’s Audit Committee, Technology Committee and Nominating Committee and will be compensated in the same manner as the other non-employee directors for his service on the Board.

A copy of the Company’s news release dated August 1, 2018 announcing Mr. Kummeth’s appointment to the Board of Directors is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this report by reference.

Item 9.01

Financial Statements and Exhibits.

(d)Exhibits


GENTHERM Inc Exhibit
EX-99.1 2 thrm-ex991_22.htm EX-99.1 thrm-ex991_22.htm Exhibit 99.1 Gentherm Welcomes Additional Members to its Board of Directors   Charles Kummeth appointed and John Stacey elected to Gentherm’s Board of Directors   NORTHVILLE,…
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About GENTHERM INCORPORATED (NASDAQ:THRM)

Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia. The Industrial segment represents the combined results from its remote power generation systems business for industrial applications and its advanced research and product development division, which is researching and developing products for a range of different markets. Its products include Climate Control Seats (CCSs), Heated Seats, Battery Thermal Management (BTM) solutions, remote electric power generation systems, heated and cooled cup holder, thermal storage bin, Heated Steering Wheel, Heated Door and Armrest, and Heated and Cooled Mattress.

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