16 unchanged sentences
Based on this evaluation, management concluded that Adient maintained effective internal control over financial reporting as of September 30, 2021.
+Added: In conducting Adient’s assessment of the effectiveness of its internal control over financial reporting, management excluded Chongqing Adient Automotive Components Co., Ltd.
+Added: and Adient (Langfang) Seating Co., Ltd., both of which were consolidated as business combinations on September 30, 2021.
+Added: The total assets of Chongqing Adient Automotive Components Co., Ltd.
+Added: and Adient (Langfang) Seating Co., Ltd.
+Added: collectively represent approximately 5% of the consolidated total assets as of September 30, 2021.
+Added: No revenue was recorded for the entities within Adient’s consolidated financial statements in fiscal 2021.
The effectiveness of Adient's internal control over financial reporting as of September 30, 2021 has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report in Item 8 of Part II of this Form 10-K.
Changes in Internal Control over Financial Reporting
+Added: Adient plc | Form 10-K | 109
There were no changes in internal control over financial reporting during the fourth quarter of the fiscal year ended September 30, 2021 that have materially affected, or are reasonably likely to materially affect, Adient's internal control over financial reporting.
1 unchanged sentence
Not applicable.
+Added: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
+Added: Not applicable.
Adient plc | Form 10-K | 110
38 unchanged sentences
Reserve adjustments (15) (19) (16)
+Added: Acquisitions 22 — —
Balance at end of period $ 29 $ 10 $ 14
3 unchanged sentences
Allowance provision (benefit) adjustments
−Removed: 6 ( 30 ) ( 46 )
+Added: Acquisitions 6 — —
Balance at end of period $ 1,637 $ 1,656 $ 1,304
−Removed: YFAS was deemed a significant equity investee under Rule 3-09 of Regulation S-X for the fiscal years ended September 30, 2020, 2019 and 2018, respectively.
+Added: YFAS was deemed a significant equity investee under Rule 3-09 of Regulation S-X for the fiscal year ended September 30, 2019.
As such, financial statements of YFAS are required to be filed as an amendment to this Annual Report on Form 10-K, within six months of the end of YFAS's year end (i.e.
December 31).
−Removed: Accordingly, YFAS financial statements as of December 31, 2020 will be filed via an amendment to this Annual Report on Form 10-K on or before June 30, 2021.
+Added: Accordingly, YFAS financial statements as of December 31, 2021 are to be filed via an amendment to this Annual Report on Form 10-K on or before June 30, 2022.
All other financial statement schedules have been omitted, since the required information is not applicable or is not present in amounts sufficient to require submission of the schedule, or because the information required is included in the consolidated financial statements and notes thereto included in this Form 10-K.
48 unchanged sentences
4 to Adient plc’s Registration Statement on Form 10 filed September 20, 2016 (File No.
−Removed: Adient plc | Form 10-K | 110
10.3 Form of Indemnification Agreement (Ireland) with individual directors and officers (incorporated by reference to Exhibit 10.5 to Amendment No.
1 to Adient plc’s Annual Report on Form 10-K/A filed June 29, 2017 (File No.
+Added: Adient plc | Form 10-K | 114
10.4 Form of Indemnification Agreement (US) with individual directors and officers (incorporated by reference to Exhibit 10.6 to Amendment No.
19 unchanged sentences
10.18 Written description of Adient US LLC severance benefit for certain executive officers (incorporated by reference to Exhibit 10.18 to Adient plc’s Annual Report on Form 10-K filed November 22, 2019 (File No.
−Removed: 10.19 Adient plc Non-Employee Directors Compensation Summary and Ownership Guidelines, as amended and restated effective as of October 1, 2018 (incorporated by reference to Exhibit 10.21 to Adient plc’s Annual Report on Form 10-K filed November 29, 2018 (File No.
+Added: 10.19 Adient plc Non-Employee Directors Compensation Summary and Ownership Guidelines, as amended and restated effective as of October 1, 20 21 .*
10.20 Adient plc Executive Share Ownership Guidelines effective as of September 17, 2019 (incorporated by reference to Exhibit 10.20 to Adient plc’s Annual Report on Form 10-K filed November 22, 2019 (File No.
3 unchanged sentences
Stafeil (incorporated by reference to Exhibit 10.1 to Adient plc’s Current Report on Form 8-K filed January 20, 2017 (File No.
−Removed: 1 - 37757)).*
10.22 Agreement, dated as of May 18, 2018, by and between Adient plc and Blue Harbour Group, L.P.
5 unchanged sentences
10.25 Offer Letter, dated October 8, 2018, entered into between Adient US LLC and Jerome Dorlack (incorporated by reference to Exhibit 10.1 to Adient plc’s Quarterly Report on Form 10-Q filed August 7, 2019 (File No.
−Removed: 1 - 37757)).*
10.26 Employment Contract, dated October 29, 2018, entered into between Adient Germany Ltd.
16 unchanged sentences
(incorporated by reference to Exhibit 10.1 to Adient plc’s Current Report on Form 8-K filed on June 24, 2020).*
−Removed: 10.33 Adient US LLC Retirement Restoration Plan, as amended and restated effective January 1, 2021.
+Added: 10.33 Adient US LLC Retirement Restoration Plan, as amended and restated effective January 1, 2021 ( incorporated by reference to Exhibit 10.33 to Adient plc ’ s Annual Report on Form 10-K filed November 30, 2020 (File No.
+Added: 10.34 Master Agreement, dated as of March 12, 2021, by and among Adient plc, Adient Asia Holdings Co., Ltd., Qiyue (Shanghai) Trading Co., Ltd., Yanfeng Automotive Trim Systems Co., Ltd., Yanfeng Adient Seating Co., Ltd.
+Added: and KEIPER Seating Mechanisms Co., Ltd.
+Added: (incorporated by reference to Exhibit 10.1 to Adient plc’s Current Report on Form 8-K filed on March 12, 2021).#
+Added: 10.35 Ancillary Master Agreement, dated as of March 12, 2021, by and among Adient plc, Adient Asia Holdings Co., Ltd., Yanfeng Adient Seating Co., Ltd., Yanfeng Automotive Trim Systems Co., Ltd.
+Added: and KEIPER Seating Mechanisms Co., Ltd.
+Added: (incorporated by reference to Exhibit 10.2 to Adient plc’s Current Report on Form 8-K filed on March 12, 2021).#
+Added: 10.36 Equity Transfer Agreement, dated as of March 12, 2021, by and between Yanfeng Automotive Trim Systems Co., Ltd.
+Added: and Adient Asia Holdings Co., Ltd.
+Added: (incorporated by reference to Exhibit 10.3 to Adient plc’s Current Report on Form 8-K filed on March 12, 2021.).#
+Added: 10.37 Amendment No.
+Added: 1 dated April 8, 2021 to the Term Loan Credit Agreement dated as of May 6, 2019, among the Borrowers, the lenders party hereto, and the Agent (incorporated by reference to Exhibit 10.1 to Adient plc’s Current Report on Form 8-K filed on A p ril 9 , 2021.).
+Added: 10.38 Restricted Shares or Restricted Share Unit Award Agreement for certain salary reduction replacement grants made under the Adient plc 2021 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to Adient plc’s Current Report on Form 8-K filed on June 30 , 2021.).
+Added: 10.39 Form of Restricted Shares or Restricted Share Unit Award Agreement under the Adient plc 2021 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.2 to Adient plc’s Current Report on Form 8-K filed on March 10, 2021 (File No.
+Added: 10.40 Adient plc 2021 Omnibus Incentive Plan (incorporated by reference to Annex A to Adient plc’s definitive proxy statement on Schedule 14A filed on January 26, 2021 for the Adient plc 2021 annual general meeting of shareholders held March 9, 2021 (File No.
+Added: 10.41 Form of Performance Unit Award Agreement under the Adient plc 2021 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.3 to Adient plc’s Current Report on Form 8-K filed on March 10, 2021 (File No.
21.1 List of Subsidiaries.
2 unchanged sentences
31.2 Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
+Added: Adient plc | Form 10-K | 117
32.1 Certification of Periodic Financial Report by the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
40 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.