Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 108

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 108
---
,” to the consolidated financial statements included in this Annual Report for additional information.

In June 2024, the Board of Directors authorized the 2024 Stock Repurchase Program to commence upon expiration of the 2020 Stock Repurchase Program on June 30, 2024. Under the 2024 Stock Repurchase Program, the Company is authorized to repurchase up to $150.0 million of its issued and outstanding Common Stock over a three-year period, expiring June 30, 2027. 

Repurchases under the 2024 Stock 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, accelerated share repurchase programs, privately negotiated agreements or other transactions (including Rule 10b5-1 trading plans), and may be funded from cash on hand, available borrowings or proceeds from potential debt or other capital markets sources. The 2024 Stock Repurchase Program may be modified, extended or terminated at any time without prior notice.

 33

Issuer Purchases of Equity Securities During Fourth Quarter 2024

    Period
     
    Total Number of Shares Purchased

    Average PricePaid Per Share

    Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs

    Approximate Dollar Value of Shares That May Yet Be Purchased Under the 2024 Stock Repurchase Program

    October 1, 2024 to October 31, 2024

    —

    $
    —

    —

    $
    130,117,303

    November 1, 2024 to November 30, 2024

    —

    —

    —

    130,117,303

    December 1, 2024 to December 31, 2024

    233,449

    42.84

    233,449

    120,117,332

 34

Performance graph

The following graph reflects the comparative changes in the value from December 31, 2019 through December 31, 2024, assuming an initial investment of $100 and the reinvestment of dividends, if any, in (1) our Common Stock, (2) the NASDAQ Composite index, (3) the Russell 2000 Index and (4) the Dow Jones U.S. Auto Parts Index. Historical performance may