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

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 27
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rich the capabilities and skills or our employees and acquire diverse talents. |

Total Rewards Gentherm’s compensation and benefits programs are designed to attract and retain our employees in the locations where we compete for talent, consistent with employee positions, skill levels, experience, knowledge and geographic location.

| – | We provide employee wages that are competitive and consistent with employee positions, skill levels, experience, knowledge and geographic location |

| – | We align our executives’ and eligible employees’ annual bonus opportunity and long-term equity compensation with our shareholders’ interests by linking  realizable pay with company financial and stock 
 performance                                                                                                                                                                                              |

| – | We have a discretionary severance plan for U.S.-based employees to provide financial assistance to help ease the burden that may result from certain involuntary terminations of employment |

| – | We created a CEO Equity Award for non-executive managers and high performers to further create retention and alignment with shareholders’ interests  through long-term ownership of the Company |

| – | We are refreshing our overall compensation structure to ensure we are providing contemporary and equitable total rewards across our businesses |

Talent Development Foundational leadership development programs ensure our people leaders are equipped to engage and lead in today’s complex business environment. We continue to invest in our high potential talent through our Accelerator Program. This year-long program gives our participants critical on-the-job learning experiences, access to our executive leaders and concluded with a capstone presentation. In 2024, our employees completed over 500,000 hours of training in safety, quality, technical training, leadership, competency skills and personal effectiveness.

46 | 2025 PROXY STATEMENT

Impact Leadership Model

| Deliver Results |     | Drive Change |

| Understand the mission and output of your team. Set SMART objectives and deliver. |     | Focus on agility and commitment to continuous improvement. Understand and act on internal and external drivers of change. |

| Cultivate Innovation |     | Build Capability |

| Openly embrace, create, implement and support new and innovative ideas, processes and technology that deliver business results. |     | Foster a culture of learning and development. Support individual growth through continuous feedback to achieve personal and professional goals. |

Employee Health and Safety Employee health and safety is a fundamental priority and a core strength developed through the commitment of our leaders and employees. We implemented a Vision Zero strategy that enforces discipline through our Seven Golden Rules. Through our disciplined focus on safety, we have reduced our lost time injury frequency rate dramatically over the last several years. SHAREHOLDER ENGAGEMENT Gentherm has