8-K

AUTOLIV INC (ALV)

8-K 2020-10-02 For: 2020-10-01
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Added on April 12, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 1, 2020

Autoliv, Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-12933 51-0378542
(State or other jurisdiction<br> <br>of incorporation) (Commission<br> <br>File Number) (IRS Employer<br> <br>Identification No.)
Klarabergsviadukten 70, Section B, 7^th^ Floor,
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Box 70381,
SE-107 24, Stockholm, Sweden
(Address and Zip Code of principal executive offices)

+46 8 587 20 600

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading<br> <br>Symbol(s) Name of each exchange<br> <br>on which registered
Common stock, $1.00 par value ALV New York Stock Exchange
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
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On October 1, 2020, Autoliv, Inc. (the “Company”) announced that Bradley Murray will resign from his current position as President, Asia, effective November 1, 2020. Mr. Murray will remain employed by the Company as an executive senior advisor through December 31, 2020. The Company and Mr. Murray entered into an amendment to his international assignment agreement to reflect his new role as an executive senior advisor, effective November 1, 2020, and the agreement will expire pursuant to its terms on December 31, 2020. The amendment will be filed as an exhibit to the Company’s Form 10-Q for the quarter ending September 30, 2020.

Also, on October 1, 2020, the Company announced the appointment of Colin Naughton as Mr. Murray’s successor.

A copy of the Company’s press release dated October 1, 2020 regarding Mr. Murray’s resignation and Mr. Naughton’s appointment is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) EXHIBITS

99.1 Press Release of Autoliv, Inc. dated October 1, 2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

EXHIBIT INDEX

Exhibit<br>No. Description
99.1 Press Release of Autoliv, Inc. dated October 1, 2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AUTOLIV, INC.
By: /s/ Anthony J. Nellis
Name: Anthony J. Nellis
Title: Executive Vice President, Legal Affairs and General Counsel

Date: October 2, 2020

EX-99.1

Exhibit 99.1

PRESS RELEASE

Autoliv Promotes Colin Naughton to Lead its Asia Division

(Stockholm, Sweden, October 1, 2020) Autoliv, Inc. (NYSE: ALVand SSE: ALIVsdb), the worldwide leader in automotive safety systems, will promote Colin Naughton to the position of President, Asia and a member of Autoliv’s Executive Management Team. The promotion is expected to be effective on November 1^st^ as Brad Murray, current President of Autoliv Asia, has chosen to return to the United States after a multi-decade career in Japan.

Colin Naughton has extensive experience leading large-scale operations and driving positive results for nearly two decades. He began his career at Autoliv in 1995, progressing into various Sales, Engineering and Operations leadership roles in several of Autoliv’s locations in Asia. Colin will relocate from Thailand to Japan, where the Autoliv Asia Division is headquartered, and immediately begin preparations for the transitions of duties at year-end.

“I am pleased to announce this promotion of Colin who has had a long international career with Autoliv. Colin is a results-driven leader and is a current member of the Asia Division management team. He is familiar with the business and ready to lead the division”, said Mikael Bratt, President and CEO of Autoliv.

Mikael Bratt continues, “I’d like to thank Brad Murray for his valuable contribution to the success of Autoliv throughout his long career with the Group. He has been instrumental in building our strong position in Japan and in the rest of Asia for over 33 years. As a colleague, he will be missed and we wish him all the best. Brad will continue as a Senior Advisor to the end of year 2020 in order to assist us with the transition duties.”

“It has been a challenging and rewarding career with Autoliv and I value the friendship, mentorship and opportunities that I received over the years,” said Brad Murray. “I am confident Colin will do a great job and is well prepared for this promotion. It is bittersweet to say farewell to Autoliv and Japan but I am excited to return home to Utah and my family.”

Inquiries:

Media: Gabriella Ekelund, Corporate Communications, Tel +46 (0)70 612 64 24

Investors & Analysts: Anders Trapp, Investor Relations, Tel +46 (0)8 587 206 71

Investors & Analysts: Henrik Kaar, Investor Relations, Tel +46 (0)8 587 20

About Autoliv

Autoliv, Inc. is the worldwideleader in vehicle safety systems, and through our subsidiaries we develop, manufacture and market protective systems, such as airbags, seatbelts, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world.Our products save over 30,000 lives each year and prevent ten times as many severe injuries.

Our more than 65,000 associates in 27 countries arepassionate about our vision of Saving More Lives and quality is at the heart of everything we do. We have 14 technical centers, with 20 test tracks. Sales in 2019 amounted to US $ 8,548 million. The shares are listed on the New York StockExchange (NYSE: ALV) and the Swedish Depository Receipts on Nasdaq Stockholm (ALIV sdb). For more information go to www.autoliv.com.

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Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities LitigationReform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon ourcurrent expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that suchforward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements todiffer materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out inthe forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor forforward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required bylaw.

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