LEAR CORPORATION (NYSE:LEA) Files An 8-K Other EventsItem 8.01 Other Events.
On February14, 2018, Lear Corporation (the “Company”) announced that on February13, 2018, its Board of Directors approved the declaration of a $0.70 per share quarterly cash dividend on the Company’s common stock and authorized an increase in the Company’s share repurchase authorization to $1.5billion and extended the authorization until December31, 2020.
Additionally, on February14, 2018, the Company announced that its 2018 annual meeting of stockholders will be held at the Company’s Corporate Headquarters at 21557 Telegraph Road, Southfield, Michigan 48033, on May17, 2018, at 9:00 a.m. Eastern Time. The record date for determination of stockholders entitled to notice of, and to vote at, the 2018 annual meeting of stockholders is March22, 2018.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Section9 – Financial Statements and Exhibits
Item 8.01 Financial Statements and Exhibits.
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ExhibitNo. |
Description |
| 99.1 | Press Release issued February14, 2018 |
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LEAR CORP ExhibitEX-99.1 2 d469227dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Lear Contacts: Mel Stephens (248) 447-1624 Joel Elsesser (248) 447-5512 Lear Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Cash Dividend by 40% from $0.50 to $0.70 Per Share SOUTHFIELD,…To view the full exhibit click here
About LEAR CORPORATION (NYSE:LEA)
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company operates through two segments: seating and electrical. The seating segment consists of the design, development, engineering, assembly and delivery of seat systems, as well as the design, development, engineering and manufacture of seat components, including seat covers and surface materials. Its electrical segment consists of the design, development, engineering and manufacture of electrical distribution systems that route electrical signals and manage electrical power within a vehicle. It has over 240 manufacturing, engineering and administrative locations in approximately 40 countries. It has automotive content on over 350 vehicle nameplates across the world.
