$MOD (MODINE MANUFACTURING) — 8-K: Modine completes Performance Technologies spin-off, shareholders receive 0.44619 Gentherm shares per MOD share

Modine completed the spin-off of its Performance Technologies business and its combination with Gentherm via a Reverse Morris Trust. Modine shareholders received 0.44619 shares of Gentherm common stock for each Modine share held as of the September 28, 2026 record date, with cash in lieu of fractional shares. Modine shareholders now own approximately 43.62% of the combined company, while pre-closing Gentherm shareholders own approximately 56.38%. Modine received a cash distribution of approximately $156 million from SpinCo, used to repay outstanding indebtedness. Modine will call a special shareholder meeting within three months to vote on changing its name to Modexus Solutions; shares are expected to continue trading on the NYSE under MOD.

Modine completed the spin-off of its Performance Technologies business and its combination with Gentherm via a Reverse Morris Trust. Modine shareholders received 0.44619 shares of Gentherm common stoc