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AI brief of an SEC Form 8-K · MODINE MANUFACTURING CO (MOD)

Modine completes spin-off of Performance Technologies unit, combines it with Gentherm

Neutral Impact 4 of 5 m&a Written later

Modine completed the spin-off and combination of its Performance Technologies business with Gentherm in a Reverse Morris Trust transaction on October 1, 2026. Modine received a cash distribution of approximately $156 million, used to repay debt, and shareholders received 0.44619 Gentherm shares per Modine share, with Modine shareholders owning about 43.62% of the combined company.

Key points

  • Modine received a cash distribution of approximately $156 million, used to prepay borrowings under its credit agreement with JPMorgan Chase Bank, N.A. as administrative agent.
  • Modine shareholders received 0.44619 Gentherm shares for each Modine share held at the close of business on September 28, 2026.
  • The transaction valued the Performance Technologies business at approximately $946.4 million, based on Gentherm's closing price on September 30, 2026.
  • Modine plans a special shareholder meeting within three months to vote on renaming the company Modexus Solutions; the ticker MOD is expected to remain unchanged.

The filing

CompanyMODINE MANUFACTURING CO (MOD)
Form8-K, current report
Filed with the SECOct 1, 2026, 4:50 PM ET
Accession number0001104659-26-112870

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed5.02 Director / Officer Change7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.