UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
Gentherm Incorporated (the “Company”), in response to investor questions about the potential impact to operations related to the current geopolitical situation in Ukraine, is making the following statement:
Our primary concern is for the safety of our colleagues and their families. The situation in Ukraine is very fluid and we continue to monitor it closely. Our facility in Vynohradiv is on the far western corner of Ukraine near the Hungary border. At this time, our manufacturing facility is operating at normal capacity. In 2021, products manufactured at our Ukraine facility represented approximately 11% of the Company’s revenue, including automotive cables, seat heaters and steering wheel heaters.
Gentherm has a severity level based contingency response plan with our customers to address the escalating situation in Ukraine, leveraging our flexible global manufacturing footprint.
We will update the market in the event we determine there is or is expected to be a material impact.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GENTHERM INCORPORATED | ||
| By: | /s/ Wayne Kauffman | |
| Wayne Kauffman | ||
| Senior Vice President, General Counsel and Secretary | ||
Date: February 24, 2022
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