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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 22, 2011
LEAR CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
21557 Telegraph Road, Southfield, MI
(Address of principal executive offices)
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1-11311
(Commission File Number)
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13-3386776 (IRS Employer Identification
Number)
48033
(Zip Code) |
(248) 447-1500
(Registrants telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Section 5Corporate Governance and Management
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Item 5.02. |
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Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers |
(b) and (c)
Lear Corporations (Lear) Senior Vice President and President, Seating Division, Louis R.
Salvatore, will be leaving Lear effective as of September 30, 2011. Senior management in Lears
Seating Division will report directly to Matthew J. Simoncini, Lears President and Chief Executive
Officer, until the Company appoints a permanent successor.
Mr. Salvatore is entitled to severance (subject to his execution of a general release of claims)
and other termination benefits pursuant to Section 3(b) of his employment agreement and
corresponding provisions of his outstanding incentive awards. During the two year severance
period, Mr. Salvatore will continue to be subject to the non-competition and non-solicitation
restrictions set forth in his employment agreement. Mr. Salvatores employment agreement was filed
as Exhibit 10.5 to the Current Report on Form 8-K filed with the Securities and Exchange Commission
on July 6, 2009.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Lear Corporation
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Date: September 25, 2011 |
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/s/ Terrence B. Larkin
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Name: |
Terrence B. Larkin |
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Title: |
Senior Vice President, General
Counsel and Corporate Secretary |
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