Every material Form 8-K Aptiv filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On December 19, 2024, Aptiv Swiss Holdings merged with Aptiv Irish Holdings, with Aptiv Swiss Holdings surviving, both wholly owned subsidiaries of Aptiv PLC. As successor issuer, Aptiv Swiss Holdings assumed the obligations on 11 series of senior notes and $500 million of 6.875% junior subordinated notes due 2054. The filing describes an internal reorganization and does not report any change to Aptiv PLC's financial results.
Merger agreement dated November 4, 2024; Aptiv Irish Holdings shareholders approved the merger at an extraordinary general meeting on December 2, 2024.
Aptiv Swiss Holdings assumed 11 series of senior notes, including €500 million 1.60% notes due 2028 and $1,500 million 3.10% notes due 2051.
Aptiv Swiss Holdings assumed the $500 million 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 under a subordinated indenture dated September 13, 2024.
Supplemental indentures are filed as Exhibits 4.1 and 4.2 with the Trustee, Wilmington Trust, National Association.
Aptiv said its Vice Chairman, Business Operations and CFO Joseph Massaro will lead the Engineered Components Group effective November 8, 2024, and will be succeeded as CFO by Varun Laroyia, formerly of LKQ Corporation. COO William Presley will also step down on November 22, 2024, to pursue other opportunities. The changes are a leadership transition at the finance chief and operating levels, and the filing reports no financial results.
Varun Laroyia named Executive Vice President and CFO effective November 8, 2024; he previously served at LKQ Corporation, most recently as Senior Advisor
Laroyia's pay: $850,000 base salary, 100% bonus target, $4,050,000 annual LTI award, $3,000,000 one-time LTI award, and $2,000,000 signing bonus
William T. Presley, Vice Chairman and Chief Operating Officer, steps down November 22, 2024; his duties will be assumed by other management
Aptiv reported third quarter 2024 revenue of $4.9 billion, down 5% from the prior year, and U.S. GAAP diluted earnings of $1.48 per share, down from $5.76 a year earlier, which included a large tax benefit. Adjusted earnings per share rose to $1.83 from $1.30, and the company said it revised its full-year 2024 outlook, citing customer schedule reductions and weaker automotive production volumes.
Q3 2024 revenue was $4.9 billion, down 5%; adjusted for currency and commodities, down 6%
Q3 U.S. GAAP net income was $363 million versus $1,629 million a year earlier; adjusted EPS was $1.83 versus $1.30
Full-year 2024 guidance includes U.S. GAAP diluted EPS of $6.80 to $7.10 and adjusted EPS of $6.00 to $6.30
Q3 share repurchases totaled $2.32 billion, with $2.52 billion remaining under the $5.0 billion authorization
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Aptiv filing is on SEC EDGAR ↗. 8-K briefs of other companies →