Gentherm (THRM) announced that its shareholders have approved all necessary proposals to complete the company's combination with Modine Manufacturing Company's Performance Technologies business. The approvals were secured at a special shareholder meeting held on September 10, 2026, clearing a major milestone for the transaction.
Key Details
- Proposals Approved: Shareholders voted in favor of issuing Gentherm common stock for the transaction and amending the company's charter to increase the number of authorized shares.
- Voting Results: The share issuance proposal was approved by approximately 99% of the total votes cast at the special meeting.
- Expected Closing: Following the shareholder approval and having already received necessary regulatory approvals, the transaction is now expected to close on October 1, 2026.