LEA 8-K
Lear Corp (LEA)
8-K
2025-02-18
For: 2025-02-14
View Original
Added on
April 12, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): February 14, 2025
______________________________________
(Exact name of Registrant as specified in its charter)
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| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||
(Address of principal executive offices)
(248 ) 447-1500
(Registrant’s telephone number, including area code)
N/A
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
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 ☐
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On February 14, 2025, Julian Blissett was elected to the Board of Directors (the “Board”) of Lear Corporation (the “Company”) for a term ending at the 2025 annual meeting of shareholders of the Company.
Following a 28-year career with General Motors Corporation (“GM”), Mr. Blissett retired in 2024 after leading its operations in China through a period of significant growth and change. Mr. Blissett began his career with GM as an engineer and advanced through numerous roles in operations, new business development and executive leadership while gaining experience in the United Kingdom, Japan, Poland and most recently in China. During his nearly 20 years in China, he served as Executive Director, Shanghai General Motors Manufacturing; Vice President, GM International Operations Manufacturing Engineering; Vice President, GM International Operations New Business Development; Executive Vice President, Shanghai GM; and Regional President, GM International Operations. Mr. Blissett graduated from Sheffield Hallam University in the United Kingdom with a Bachelor of Science degree in engineering and business. He speaks conversational Mandarin and Japanese.
The Board has determined that Mr. Blissett qualifies as an independent director under New York Stock Exchange listing standards and the Company's Corporate Governance Guidelines. In accordance with Board practice, new non-employee directors are not appointed to any committees of the Board in their first year of service on the Board to allow such directors to gain more familiarity with the Company.
For his service as director, Mr. Blissett will receive the compensation that the Company provides to its non-employee directors in accordance with the amended and restated Lear Corporation Outside Directors Compensation Plan, filed as Exhibit 10.12 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.
There are no arrangements or understandings between Mr. Blissett and any other persons pursuant to which he was elected as a director of the Company. With respect to Item 404(a) of Regulation S-K, there are no relationships or related transactions between Mr. Blissett and the Company that would be required to be reported.
A copy of the press release announcing the election of Mr. Blissett to the Board is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Section 9 - Regulation FD
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Exhibit Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
2
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 thereunto duly authorized.
| Lear Corporation | ||||||||||||||||||||
| February 18, 2025 | By: | /s/ Jason M. Cardew | ||||||||||||||||||
| Name: | Jason M. Cardew | |||||||||||||||||||
| Title: | Senior Vice President and Chief Financial Officer | |||||||||||||||||||
Lear Contact: Katya Pruett
Contact Information: 248-447-1646
Lear Appoints Former President GM China Julian Blissett
to Board of Directors
SOUTHFIELD, Michigan, February 18, 2025 – Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that Julian Blissett, former Executive Vice President and President General Motors (GM) China, has been appointed to the Company’s Board of Directors.
“Julian’s extensive global experience, including two decades working in China, allows him to bring valuable strategic and operational insights to Lear,” said Greg Smith, Lear’s Non-Executive Chair of its Board of Directors. “We are pleased to welcome Julian to the Lear team, where he will contribute to Lear’s continued growth and success.”
Mr. Blissett recently retired from GM following a distinguished 28-year career with the automaker. Most recently, he led GM’s operations in China through a period of significant growth. He began his career with GM as an engineer and advanced through various roles in operations, new business development and executive leadership. His international experiences also include assignments in the United Kingdom, Japan, and Poland.
“Lear’s reputation for operational excellence and its forward-looking strategy set it apart in the automotive industry,” said Mr. Blissett. “I am confident in Lear’s future and look forward to serving on the Board to help drive shareholder value.”
About Lear Corporation
Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear’s diverse team of talented employees in 37 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 174 on the Fortune 500. Further information about Lear is available at lear.com.
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