Who Owns Gentherm Company?

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Who Owns Gentherm?

Understanding Gentherm's ownership is key to grasping its strategic direction and accountability. The company, originally Amerigon, was founded in 1991, evolving into Gentherm in 2012 to reflect its broader thermal management focus.

Gentherm, a global leader in thermal management solutions, reported revenues of approximately $1.4 billion in 2024. The company secured $2.4 billion in new automotive business awards, underscoring its market strength.

Who owns Gentherm?

The ownership of Gentherm is primarily distributed among institutional investors, with Vanguard Group Inc. and BlackRock Inc. holding significant stakes as of early 2025. These large investment firms manage assets on behalf of numerous clients, influencing the company's direction through their substantial shareholdings. Individual investors also own a portion of the company's stock, contributing to its public float. Understanding these ownership dynamics is crucial for assessing the company's governance and strategic decisions, including its innovative product development, such as advancements in automotive climate control systems, which are detailed in the Gentherm PESTEL Analysis.

Gentherm, originally established in 1991 as Amerigon, was founded by Lon Bell. The company commenced its operations in Irwindale, Southern California. While Lon Bell is recognized as the founder, specific details regarding the initial equity distribution or shareholding percentages at the company's inception are not readily available in public records.

Founding Year and Location

Gentherm was founded in 1991. Its initial operations began in Irwindale, Southern California.

Founder Recognition

Lon Bell is identified as the founder of the company. His vision laid the groundwork for thermal management technology.

Early Ownership Details

Specifics on early equity splits and shareholding percentages are not publicly detailed. Information on initial capital or early investors is also limited.

Founding Team's Vision

The founding team's core vision centered on advancing thermal management technology. However, precise control distribution in the nascent stages is not publicly documented.

Public Disclosure Limitations

Public records do not extensively cover early agreements like vesting schedules or founder exits. Details on initial ownership disputes are also not readily available.

Original Company Name

The company was initially established under the name Amerigon. This name preceded its current identity as Gentherm.

Public records offer limited insight into the specifics of early ownership structures, including detailed breakdowns of equity splits, the involvement of angel investors, or friends and family who may have contributed capital during the company's initial phase. Similarly, information concerning early agreements such as vesting schedules, buy-sell clauses, founder exits, or any initial ownership disputes and subsequent buyouts that could have influenced the early ownership landscape is not extensively disclosed. The foundational vision for thermal management technology was central to the founding team's efforts, but the precise distribution of control during these very early days remains a subject with limited public detail. Understanding the history of Gentherm ownership requires looking beyond these initial stages.

Early Ownership Landscape

The early ownership of Gentherm, established as Amerigon in 1991, is characterized by a lack of detailed public records concerning initial equity distribution and early investors.

• Founder: Lon Bell
• Establishment Year: 1991
• Initial Location: Irwindale, Southern California
• Early Funding: Details not extensively disclosed
• Ownership Structure: Specifics not publicly detailed
• Founder Exits: Information not readily available

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Gentherm, originally known as Amerigon, transitioned to a publicly traded entity through its Initial Public Offering (IPO) in 1993. Since then, its shares have been available on the NASDAQ under the ticker symbol THRM, shaping its current ownership landscape.

The ownership structure of Gentherm is largely dominated by institutional investors, who collectively hold approximately 87.72% of the company's shares as per recent filings. Individual investors account for about 7.18%, with company insiders holding a smaller portion of around 0.74%. This distribution highlights the significant influence of large financial entities in the Gentherm company owners landscape. Key institutional investors with substantial stakes include Blackrock Inc., The Vanguard Group, Inc., Trigran Investments Inc., Dimensional Fund Advisors LP, Fuller & Thaler Asset Management, Inc., State Street Corp., Global Alpha Capital Management Ltd., and Lazard Asset Management LLC. Additional significant institutional holders identified in August 2025 filings are Public Sector Pension Investment Board, Harvey Partners LLC, and Ameriprise Financial Inc. Understanding who owns Gentherm involves recognizing the collective power of these major financial institutions.

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The current Board of Directors at Gentherm is comprised of individuals with diverse backgrounds, including executive leadership and independent expertise. Bill Presley, the President and Chief Executive Officer, joined the company in January 2025 and also serves on the Board. Other directors include Sophie Desormière, David Heinzmann, Ronald Hundzinski (Chair), Laura Kowalchik, Charles Kummeth, Betsy Meter, John Stacey, and Dr. Ken Washington.

Gentherm's voting structure adheres to a one-share-one-vote principle for its common stock. The company has implemented a majority voting policy for director elections, requiring nominees to receive more 'for' votes than 'withheld' votes. If this threshold isn't met, the director must tender their resignation, which the Board will then consider. The company also offers a proxy access provision, enabling eligible shareholders to nominate board candidates. This framework is designed to enhance accountability and responsiveness to shareholder interests, with the Lead Independent Director holding final authority over Board agendas and serving as a point of contact for major shareholders. Understanding these governance structures is key to understanding Gentherm's trajectory and Gentherm ownership dynamics.

Board Governance and Shareholder Rights

Gentherm's board structure emphasizes shareholder accountability through its majority voting policy and proxy access provisions. This ensures that directors are responsive to shareholder sentiment.

• Majority voting policy for director elections.
• Directors must tender resignation if 'withheld' votes exceed 'for' votes.
• Proxy access allows qualifying shareholders to nominate board candidates.
• Lead Independent Director manages Board agendas and shareholder consultations.

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In recent years, Gentherm has experienced significant shifts in its leadership and capital allocation strategies, directly influencing its ownership trends. The company's proactive approach to returning value to shareholders, coupled with strong financial performance, has contributed to increased institutional interest.

A notable development in Gentherm's recent history was the planned CEO succession, effective January 1, 2025. William 'Bill' Presley took over as President, CEO, and Board Director, succeeding Phillip Eyler, who remained as an advisor until June 30, 2025. This transition is part of the company's strategic vision for future growth. Gentherm has also been actively managing its capital structure, with a focus on shareholder returns. In June 2024, a new $150 million stock repurchase program was authorized, following the completion of a prior program. By June 30, 2025, the company had repurchased over 1 million shares for approximately $40 million under a program initiated in June 2024. In fiscal year 2024, $50.2 million was returned to shareholders via buybacks, with an additional $10 million in the second quarter of 2025.

Leadership Transition and Future Outlook

The recent CEO succession signals a strategic shift for the company. This leadership change is intended to guide Gentherm through its next phase of expansion.

Shareholder Value Enhancement

Gentherm's commitment to returning capital to shareholders is evident through its ongoing stock repurchase programs. These actions aim to boost shareholder returns and reflect confidence in the company's financial health.

Financial Performance and Market Confidence

The company reported a 9% revenue increase in 2024, reaching $1.4 billion, and secured over $2 billion in new automotive business awards for the second consecutive year. This strong financial performance, including record Adjusted EBITDA, underpins the increasing institutional ownership, which stands at approximately 87.72%.

Ownership Trends and Institutional Investment

The substantial percentage of institutional ownership indicates a strong endorsement from major investment firms. This trend suggests that large investors view Gentherm favorably, aligning with its strategic initiatives and Growth Strategy of Gentherm.

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