Adient plc (ADNT) Form 8-K — Nov 4, 2026
Adient's board approved a $400M increase to its share repurchase authorization, bringing the total authorization to $1 billion with $435 million currently remaining. The company has repurchased $565 million under its November 2022 program, and management framed the increase as confidence in cash flow generation and disciplined capital allocation. The board also adopted a Tax Benefits Preservation Plan, issuing one right per ordinary share (record date November 16, 2026) with an $83.50 exercise price, triggered if any person acquires 4.95% or more of shares without board approval. The rights plan is designed to prevent an ownership change under IRS Section 382 that would impair Adient's U.S.
Key figures
- Debt Amount
- 0
- Record date
- 2026-11-16
- Plan expiration
- 2027-11-04 (extendable to 2029-11-04 with shareholder ratification)
- Buyback increase
- 400000000
- Rights exercise price
- 83.5
- Remaining authorization
- 435000000
- Ownership trigger threshold
- 4.95%
- Total repurchase authorization
- 1000000000
- Shares repurchased since nov 2022
- 565000000
- Nol tax attributes offset capacity
- 3500000000
AI analysis
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