Adient plc 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Principal Market Adient's ordinary shares are traded on the New York Stock Exchange (“NYSE”) under the symbol “ADNT.” Holders As of September 30, 2023, there were 23,057 shareholders of record. Dividends Adient suspended its cash dividends following the dividend paid in the first quarter of fiscal 2019. Any future dividends will be at the discretion of the board of directors and will depend upon Adient's financial condition, results of operations, capital requirements, alternative uses of capital and other factors the board of directors may consider at its discretion. In addition, under Irish law, dividends and distributions (including the payment of cash dividends or share repurchases) may be made only from "distributable reserves" on Adient's unconsolidated balance sheet prepared in accordance with the Irish Companies Act 2014. In addition, no distribution or dividend may be paid or made by Adient unless the net assets of Adient are equal to, or exceed, the aggregate of Adient's share capital that has been paid up or that is payable in the future plus non-distributable reserves, and the distribution does not reduce Adient's net assets below such aggregate. Recent Sales of Unregistered Equity Securities None. Repurchases of Equity Securities In November 2022, Adient’s board of directors authorized the repurchase of Adient’s ordinary shares up to an aggregate purchase price of $600 million with no expiration date. Under the share repurchase authorization, Adient’s ordinary shares may be purchased either through discretionary purchases on the open market, by block trades or privately negotiated transactions. The number of ordinary shares repurchased, if any, and the timing of repurchases will depend on a number of factors, including share price, trading volume and general market conditions, as well as on working capital requirements, general business conditions and other factors. During fiscal 2023, Adient repurchased $65 million of its ordinary shares at an average price of $37.00 a share under the program. As of September 30, 2023, Adient has a remaining repurchase authorization of $535 million. There was no share repurchase activity during the three months ended September 30, 2023. Stock Performance Graph The following information in this Item 5 is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934 or to the liabilities of Section 18 of the Securities Exchange Act of 1934, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent Adient specifically incorporates it by reference into such a filing. The following graph shows a comparison of cumulative total shareholder return, calculated on a dividend reinvested basis, for Adient’s ordinary shares, the Standard & Poor’s 500 Index, and a peer group for September 30, 2018 through September 30, 2023. The graph assumes the value of the investment in Adient's ordinary shares and each index was $100 on September 30, 2018, and that all dividends were reinvested. Historic stock price performance is not necessarily indicative of future stock price performance. Adient selected a peer group comprised of representative independent automotive suppliers whose common stock is publicly traded. The peer group referenced in the graph below consists of Autoliv, Inc., BorgWarner, Inc., Cooper-Standard Holding, Inc., Forvia SE, Goodyear Tire & Rubber, Huayu Automotive Systems Co. Ltd., Lear Corp, Magna International Inc., and Toyota Boshoku Corp. Tenneco Inc. has been removed from the peer group for all periods due to it no longer being a listed company. Adient plc | Form 10-K | 29 *$100 invested on 9/30/18 in stock or index, including reinvestment of dividends. Fiscal year ending September 30. Copyright© 2023 Standard & Poor’s, a division of S&P Global. All rights reserved. Copyright© 2023 Russell Investment Group. All rights reserved. Sep/2018 Sep/2019 Sep/2020 Sep/2021 Sep/2022 Sep/2023 Adient plc $ 100 $ 59 $ 44 $ 106 $ 71 $ 94 S&P 500 $ 100 $ 104 $ 120 $ 156 $ 132 $ 160 Dow Jones US Auto Parts $ 100 $ 91 $ 92 $ 127 $ 90 $ 109 Peer Group $ 100 $ 110 $ 118 $ 150 $ 128 $ 186 Item 6. [Reserved]