4 unchanged sentences
As of February 13, 2026, there were 24,855 stockholders of record of our Common Stock.
−Removed: Dividend Policy
−Removed: In December 2024, the Board of Directors announced that it intends to declare and pay quarterly dividends on our Common Stock in an aggregate amount of approximately $50 million in 2025.
−Removed: The timing, declaration, amount and payment of dividends to stockholders on shares of our Common Stock falls within the discretion of the Board and will depend on our earnings, financial condition, liquidity and capital requirements, the general economic climate, the terms of our equity securities, contractual restrictions, our ability to service our debt obligations and other factors deemed relevant by the Board.
+Added: In January 2025, we began paying a quarterly dividend on our Common Stock and we anticipate that we will continue to declare and pay dividends on our common stock quarterly.
+Added: However, the timing, declaration, amount and payment of any dividends to stockholders on shares of our Common Stock falls within the sole discretion of the Board of Directors and will depend on various factors, including our earnings, financial condition, liquidity and capital requirements, the general economic climate, the terms of our equity securities, contractual restrictions, our ability to service our debt obligations and other factors deemed relevant by the Board of Directors.
On December 5, 2024, the Board of Directors declared a cash dividend of $0.06 per share of our Common Stock, payable on January 31, 2025, to shareholders of record as of January 15, 2025.
+Added: The total amount of dividends paid on January 31, 2025 amounted to $12 million.
+Added: On May 1, 2025, the Board of Directors declared a cash dividend of $0.06 per share of our Common Stock, payable on June 16, 2025, to shareholders of record as of June 2, 2025.
+Added: The total amount of dividends paid on June 16, 2025 amounted to $13 million.
+Added: On July 24, 2025, the Board of Directors declared a cash dividend of $0.06 per share of our Common Stock, payable on September 16, 2025, to shareholders of record as of September 2, 2025.
+Added: The total amount of dividends paid on September 16, 2025 amounted to $11 million.
+Added: On October 23, 2025, the Board of Directors declared a cash dividend of $0.08 per share of our Common Stock, payable on December 15, 2025, to shareholders of record as of December 1, 2025.
+Added: The total amount of dividends paid on December 15, 2025 amounted to $16 million.
Stock Performance Graph
1 unchanged sentence
Our stock price performance shown in the graph below is not indicative of future stock price performance.
−Removed: The following graph and table illustrate the total return from April 30, 2021, the date of the Company's emergence from Chapter 11 bankruptcy proceedings ("Emergence") through December 31, 2024, for (i) our Common Stock, (ii) the Standard and Poor’s (“S&P”) Small Cap 600 Index, and (iii) the average stock performance of a group of peer companies consisting of Adient plc, Allison Transmission Holdings, Inc., American Axle & Manufacturing Holdings, Inc., Aptiv PLC, Autoliv Inc., BorgWarner Inc., Dana Incorporated, Gentex Corporation, Lear Corporation, Magna International Inc., Tenneco Inc., Veoneer, Inc., and Visteon Corporation (the "Peer Group").
+Added: The following graph and table illustrate the total return from April 30, 2021, the date of the Company's emergence from Chapter 11 bankruptcy proceedings ("Emergence") through December 31, 2025, for (i) our Common Stock, (ii) the Standard and Poor’s (“S&P”) Small Cap 600 Index, and (iii) the average stock performance of a group of peer companies consisting of Adient plc, Allison Transmission Holdings, Inc., American Axle & Manufacturing Holdings, Inc., Aptiv PLC, Autoliv Inc., BorgWarner Inc., Dana Incorporated, Gentex Corporation, Lear Corporation, Magna International Inc., Tenneco Inc., Veoneer, Inc., and Visteon Corporation (the "2022 Peers").
The graph and the table assume that $100 was invested on April 30, 2021, in shares of each of our Common Stock, the S&P Small Cap 600 Index, and the Common Stock of the Peer Group, with any dividends reinvested.
3 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: On February 15, 2024, the Company announced that the Board of Directors had authorized a $350 million share repurchase program valid from February 13, 2024, until December 31, 2024.
−Removed: The Company may repurchase shares from time to time under the program through various methods, including in open market transactions, block trades, privately negotiated transactions, and otherwise.
−Removed: The timing, as well as the number and value of shares repurchased under the program, will depend on a variety of factors.
−Removed: The Company is not obligated to purchase any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice.
−Removed: The share repurchase program expired on December 31, 2024.
+Added: On December 4, 2024, the Board of Directors authorized a $250 million share repurchase program valid January 1, 2025 until December 31, 2025.
The following table summarizes our share repurchase activity for the three months ended December 31, 2025, and additional information regarding our share repurchase program.
9 unchanged sentences
On December 3, 2025, the Board of Directors authorized a new $250 million share repurchase program valid from January 1, 2026, until December 31, 2026.
+Added: The timing, as well as the number and value of shares repurchased under the program, will depend on a variety of factors.
+Added: The Company is not obligated to purchase any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice.
Not applicable.
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.