Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 21

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 21
---
 objectives                                          
 –      Approving the compensation of each executive officer, taking into account, among other things, such                       
 executive officer’s performance in light of those goals and objectives and the policies of the Compensation and Talent Committee 
 –      Administering the incentive and equity plans of the Company, including approving equity grants for the                    
 executive officers and overseeing equity grants made by the CEO pursuant to delegated authority                                  
 –      Ensuring an appropriate mix of performance-based and at-risk compensation for executive officers                          
 –      Reviewing, on at least annual basis, the Company’s compensation policies and practices for all employees                  
 regarding risk-taking incentives and risk management policies and practices                                                      
 –      Recommending or approving the non-employee director compensation program                                                  
 –      Overseeing management’s shareholder engagement on compensation and human capital management matters                       
 –      Reviewing compensation disclosures in the Company’s proxy statement and other reports filed with or                       
 furnished to the SEC, and producing a report of the Compensation and Talent Committee to be included therein                     
 –      Administering and enforcing the Company’s Clawback Policy                                                                 |

Role of Compensation Consultant. The Compensation and Talent Committee has the sole authority to engage outside advisors and establish the terms of their engagement, including compensatory fees. In connection with any engagement, the Compensation and Talent Committee reviews the independence of each outside advisor, based on the factors specified by Nasdaq as well as any other factors it deems appropriate, and any conflicts of interest raised by the work of the outside advisor. In mid-2023, the Compensation and Talent Committee engaged Meridian Compensation Partners, LLC (“Meridian”) as its independent compensation consultant following a competitive search process. The Compensation and Talent Committee determined to re-engage Meridian in 2024 and approved the terms of such engagement, all of which was made independently from the Company’s management. See “Compensation Discussion and Analysis” for further information. Consistent with historical practice, the Compensation and Talent Committee worked with management to determine their responsibilities and direct their work product for 2024, although the Compensation and Talent Committee was responsible for the formal approval of the work plans. Meridian received no compensation for other services provided to the Company in 2024, and the Compensation and Talent Committee determined there were no conflicts of interest raised by the work of Meridian in 2024.

36 | 2025 PROXY STATEMENT

| Mergers and Acquisitions Committee | 2024 Meetings: 4 |

| Members: Charles Kummeth (Chair) •David Heinzmann