Item 7.01 Regulation FD Disclosure.

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On June25, 2018, Gentherm Incorporated (the “Company”) hosted a live strategic update for the investment community (the “Event”). A live webcast of the Event included the presentation materials attached as Exhibit99.1. Following completion of the Event, the Company summarized the strategic plan discussed at the Event in a news release attached as Exhibit99.2. The information in this Section7.01, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly stated by specific reference in such filing. The furnishing of this information hereby shall not be deemed an admission as to the materiality of any such information.

Item 7.01 Other Events.

Effective as of June25, 2018, the Board of Directors of the Company approved an increase and extension of the Company’s existing share repurchase program (the “Repurchase Program”). Under the previous terms of the Repurchase Program, which was to terminate on December15, 2019, the Company was authorized to repurchase up to $100million of its issued and outstanding common stock. As a result of the increase and extension, the Company is now authorized to repurchase up to $300million of its issued and outstanding common stock through December15, 2020. Repurchases under the Repurchase Program may be made, from time to time, in amounts and at prices the Company deems appropriate, subject to market conditions, applicable legal requirements, debt covenants and other considerations. Any such repurchases may be executed using open market purchases, privately negotiated agreements or other transactions. Repurchases under the Repurchase Program may be funded from cash on hand, available borrowings or proceeds from potential debt or other capital markets sources. The Repurchase Program may be modified, extended or terminated at any time without prior notice.After giving effect to the increase in the authorized repurchase amount, as of June25, 2018, there is approximately $281.5million available for repurchase under the Repurchase Plan.

A copy of the news release announcing the Repurchase Program is filed as Exhibit 99.3 attached hereto and is incorporated herein by reference.

Item 7.01 Financial Statements and Exhibits.


GENTHERM Inc Exhibit
EX-99.1 2 d557241dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   Strategy Update Investor Meeting June 25,…
To view the full exhibit click here


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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