Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 16, 2023, in connection with her appointment as the Secretary of the
Executive Office of Economic Development of the Commonwealth of Massachusetts,
Yvonne Hao, a member of the Board of Directors (the "Board") of Gentherm
Incorporated (the "Company"), informed the Board of her resignation from the
Board effective immediately. Ms. Hao's resignation was not a result of any
disagreement on any matter relating to the Company's operations, policies, or
practices.
Item 8.01 Other Events
On January 19, 2023, the Board reduced its size from nine members to eight
members, appointed John Stacey as the Chair of the Compensation and Talent
Committee of the Board, and appointed Betsy Meter as a member of such committee,
in each case, effective immediately. The Board has determined that Ms. Meter
satisfies all applicable requirements to serve on the Compensation and Talent
Committee, including without limitation the independence and other applicable
requirements of Nasdaq.
The Nominating and Corporate Governance Committee of the Board intends to
conduct a search process to identify a new director following Ms. Hao's
resignation. The Board intends to increase its size concurrent with the
appointment of a new director, if any.
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