Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 91

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 91
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 Equity Plan. To the extent awards were, or in the future are, made in the form of                                                       
 full-value shares, the number of shares available for future issuance has been and will be reduced by 1.85 multiplied by the number of shares awarded. For purposes of this calculation, PSUs are assumed to be issuable at the 
 maximum award.                                                                                                                                                                                                                  |

As of December 31, 2024, there were 21,296 shares of unvested restricted stock outstanding. FORWARD-LOOKING STATEMENTS Except for historical information contained herein, statements in this proxy statement are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our goals, beliefs, plans and expectations about our prospects for the future and other future events, such as the statements regarding our expectations for future compensation programs and considerations, our commitments regarding our human capital management and sustainability initiatives and outcomes, and the components of and our ability to execute our strategic plan. The forward-looking statements included in this proxy statement are made as of the date hereof or as of the date specified herein and are based on management’s reasonable expectations and beliefs. Such forward-looking statements are subject to a number of important assumptions, significant risks and uncertainties (some of which are beyond our control) and other factors that may cause our actual results or performance to differ materially from that described in or indicated by the forward-looking statements, including:

| – | macroeconomic, geopolitical and similar global factors in the cyclical Automotive industry; |

| – | increasing U.S. and global competition, including with non-traditional entrants; |

| – | our ability to effectively manage new product launches and research and development, and the market acceptance of such products and technologies; |

| – | the evolution and recent challenges of the automotive industry towards electric vehicles, autonomous vehicles and mobility on demand services, and related consumer behaviors and preferences; |

| – | our ability to convert automotive new business awards into product revenues; |

| – | the recent supply-constrained environment, and inflationary and other cost pressures; |

| – | the production levels of our major customers and OEMs in our key markets and sudden fluctuations in such production levels; |

| – | our business in China, which is subject to unique operational, competitive, regulatory and economic risks; |

| – | the impact of our global operations, including our global supply chain, operations within Ukraine, and foreign currency and exchange risk; |

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