THRM - Dividend announcements

Announces Final Exchange Ratio and Cash Distribution to ModineRACINE, Wis., Oct. 1, 2026 /PRNewswire/ -- Modine (NYSE:MOD) ("Modine" or the "Company") today announced the completion of the previously announced spin-off of its Performance Technologies business, which was held by Platinum SpinCo Inc. ("SpinCo"), and subsequent combination of SpinCo with Gentherm (NASDAQ:THRM) ("Gentherm") through a Reverse Morris Trust transaction. "Completing this transaction marks an important milestone in our evolution to a diversified thermal management company serving high-growth markets," said Neil D. Brinker, President and Chief Executive Officer of Modine. "With a portfolio focused on data center cooli

Modine sets record date for spin-off of Performance Technologies  Gentherm declares special cash dividend payable following completion of the transaction and conditioned on closing NOVI, Mich. and RACINE, Wis., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM) ("Gentherm") and Modine Manufacturing Company (NYSE:MOD) ("Modine") today announced additional information in connection with the anticipated completion of the previously announced combination of Gentherm and Modine’s Performance Technologies business (the "Performance Technologies business"). Under the terms of the transaction, Modine will spin off the Performance Technologies business, which is held by Platinum SpinCo In