Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 39

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 39
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 or extra-ordinary events (to the extent not already captured in the applicable definitions of the metrics), without limiting the Committee’s ability to apply adjustments in its discretion, under the Senior Level Bonus Plan. The 2024 policy outlined a consistent and reasonable approach for the Committee’s decisions related to the following events: acquisitions, investments and divestitures not addressed in the initially approved annual budget; restructuring costs; regulatory changes; accounting rule changes; changes in foreign exchange rates; and other items of an unusual nature that infrequently occur. 64 | 2025 PROXY STATEMENT

2024 EARNED BONUS. The 2024 earned bonus for each NEO is set forth below.

| Name | Base Salary($) | X | Bonus Target as% of Base Salary 
 (%)                             | X | Earned Bonus(%) | = | Earned Bonus($) |

| Thomas Stocker(1) | 500,934 |     | 70 |     | 115.7 |     | 405,706 |
| Jaymi Wilson      | 467,208 |     | 70 |     | 115.7 |     | 378,392 |
| Barbara J. Runyon | 467,446 |     | 60 |     | 115.7 |     | 324,508 |

| (1) | Amounts reported in this table for Mr. Stocker were converted from Euros to U.S. Dollars using the 2024 averaged exchange rate of EUR 1 = 1.05 USD. |

We pay bonuses approximately two months after the end of the applicable performance period. Unless the Committee provides for an exception, a participant must be employed on the bonus payment date to receive a bonus. Mr. Eyler, Mr. Anversa and Ms. Xu did not earn a 2024 bonus due to the termination of their respective employment prior to year end. Mr. Eyler and Ms. Xu received severance benefits as a result of such termination, including all or a portion of such earned bonus, respectively. See “Named Executive Officer Compensation Tables–Potential Payments Upon Termination or Change in Control” for information regarding the severance arrangements and benefits for Mr. Eyler and Ms. Xu. Recognition Cash Bonus From time to time, the Board of Directors may choose to recognize the efforts of one or more executives based on significant achievements during the year. In 2024, the Board of Directors approved a recognition bonus of $100,000 to Barbara Runyon to reflect significant contributions to the