Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 33

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 33
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 Each of these leadership transitions was carefully planned with a focus on strategic succession planning and corresponding severance arrangements that addressed the specific circumstances of each situation. These efforts reflect the Board’s commitment to strong governance, thoughtful succession planning, and a focus on sustained performance, all while prioritizing the best interests of our shareholders. We look forward to working with this new talented leadership team as they guide us toward Gentherm’s future. We appreciate your continued trust and support as we execute our commitment to strong governance, thoughtful succession planning, and long-term value creation.

| The Compensation and Talent Committee |
| John Stacey, Chair                    |
| Charles Kummeth                       |
| Betsy Meter                           |

57 | 2025 PROXY STATEMENT

COMPENSATION DISCUSSION AND ANALYSIS Table of Contents Executive Summary | 59 2024 Compensation Determinations | 63 Process for Making Compensation Determinations | 73 Additional Compensation Policies | 74 This section of the proxy statement explains our compensation philosophy, design, objectives and goals of our NEO compensation program as well as the decisions made for 2024 with respect to each of our NEOs. This section also provides certain other information as additional context for the “Named Executive Officer Compensation Tables” that follow. Our NEOs for 2024 and their titles during such period were:

| Name | Title |

| Phillip M. Eyler | Former President and Chief Executive Officer, and Interim Chief Financial Officer |

| Matteo Anversa | Former Executive Vice President of Finance, Chief Financial Officer and Treasurer |

| Thomas Stocker | Senior Vice President and General Manager, Europe Automotive |

| Jaymi Wilson | Senior Vice President and General Manager, North America Automotive, Global Sales and Marketing |

| Barbara J. Runyon | Senior Vice President, Chief Human Resources Officer |

| Hui (Helen) Xu | Former Senior Vice President and General Manager, Asia Automotive |

Mr. Eyler, Mr. Anversa and Ms. Xu departed the Company on December 31, September 1 and December 13, 2024, respectively. In this Compensation Discussion and Analysis, we refer to the Compensation and Talent Committee as the “Committee.” All cash payments reported for Mr. Stocker were paid in Euros and were converted to US Dollars for purposes of this section. For comparability and to better evaluate decisions made for 2024, we neutralized the impact of exchange rates for this section and have used the 2024 averaged exchange rate of EUR 1 = 1.05 USD for