Lear Corporation's SEC filings document operating results, governance, compensation and financing matters for its automotive Seating and E-Systems business. Form 8-K reports furnish quarterly and annual results, financial-condition updates and outlook-related exhibits, with segment disclosures tied to seating products and vehicle electrical systems.
The company's proxy materials cover board matters, executive compensation, equity awards and pay-versus-performance information. Material-event filings also describe credit arrangements, including an amended and restated unsecured revolving credit facility with foreign subsidiary borrowers, lender parties and related interest-rate and fee terms.
Lear Corporation reported the results of its 2026 Annual Meeting of Shareholders held on May 14, 2026. Shareholders elected all nominated directors, with support levels generally above 45 million shares cast in favor for each nominee, alongside relatively low opposition and abstention counts.
Shareholders also ratified the retention of the independent registered public accounting firm, with 47,123,548 shares voted for and 1,101,195 against. In advisory votes, shareholders approved Lear’s executive compensation and approved the amendment and restatement of Lear’s 2019 Long-Term Stock Incentive Plan, each receiving over 46 million votes in favor.
Lear Corporation reported stronger results for the quarter ended April 4, 2026. Net sales rose to $5.82 billion from $5.56 billion, while net income attributable to Lear more than doubled to $172.3 million, or basic EPS of $3.38 versus $1.50 a year earlier. The effective tax rate declined to 17.7% from 33.4%, helping profitability.
Operating cash flow improved to $98.1 million from a use of $127.7 million, and cash and cash equivalents were $881.9 million. Lear continued restructuring, recording $42.1 million of charges, and returned capital through $75.0 million of share repurchases and dividends of $0.77 per share, while maintaining long-term debt around $2.72 billion.
Lear Corporation reported strong first quarter 2026 results and reaffirmed its full-year 2026 outlook. Revenue reached $5.8 billion, up 5% from $5.6 billion a year earlier, as higher production on key platforms and new business drove growth.
Net income rose to $172 million from $81 million, while adjusted net income increased to $200 million. Diluted EPS was $3.34 and adjusted EPS was $3.87, up 24% year over year. Core operating earnings were $297 million, or 5.1% of sales, versus $270 million, or 4.9%.
Free cash flow improved to $(26.5) million from $(231.7) million, helped by better operating cash flow. Lear returned capital to shareholders by repurchasing $75 million of stock and paying $43 million in dividends, and ended the quarter with $881.9 million in cash and total liquidity of $2.9 billion.
Lear Corp reports a Schedule 13G filing showing Vanguard Capital Management beneficially owned 2,657,049 shares of Lear common stock, equal to 5.23% of the class. The filing states Vanguard has sole dispositive power over 2,657,049 shares and sole voting power over 387,447 shares. The filing attributes ownership to Vanguard Capital Management and affiliated Vanguard business units and notes holdings include securities held for Vanguard funds and managed clients. The reporting person signed the disclosure on 04/30/2026.
Lear Corp ownership filing: Vanguard Portfolio Management reports beneficial ownership of 3,537,795 shares of Lear Corp Common Stock, representing 6.97% of the class as of 03/31/2026. The filing states Vanguard Portfolio Management exercises sole dispositive power over these shares and lists affiliates that may exercise voting or dispositive power on certain accounts.
Lear Corporation is asking shareholders to elect eleven directors and approve several governance and compensation items at its 2026 virtual annual meeting on May 14, 2026. The Board also seeks ratification of Ernst & Young LLP as auditor, an advisory say‑on‑pay approval and approval of an amended 2019 Long‑Term Stock Incentive Plan.
Lear highlights 2025 performance with revenue of $23.3 billion, total shareholder return of 26.8% and a record $195 million of internal net performance savings. The majority‑independent Board is led by Non‑Executive Chair Greg C. Smith, with CEO Raymond E. Scott as the sole non‑independent director.
Executive pay is heavily performance‑based, using adjusted operating income, free cash flow, adjusted pretax income, adjusted ROIC improvement and relative total shareholder return. For 2025, the Annual Incentive Plan paid at 124% of target and 2023‑2025 Performance Shares paid at 122% of target, reflecting results above multi‑year goals. The company emphasizes sustainability, human capital development and robust governance, including stock ownership guidelines, recoupment policies and active shareholder engagement.
LEAR CORP director Kathleen Ligocki exercised deferred stock units into common shares under the company’s Outside Directors Compensation Plan. On the reported date, 53 deferred stock units converted into 53 shares of Lear common stock, reflecting the twenty-sixth quarterly installment of her prior deferral election.
Each deferred stock unit is equal in value to one share of Lear common stock. Following these transactions, she directly holds 16,604 deferred stock units and 3,890 shares of Lear common stock, showing a routine, compensation-related increase in her direct equity position rather than an open-market trade.
Lear Corp ownership update: The Vanguard Group filed an amended Schedule 13G/A stating it beneficially owns 0 shares of Lear Corp common stock as a result of an internal realignment. The filing explains certain Vanguard subsidiaries will report holdings separately in reliance on SEC Release No. 34-39538; timing and separate holder amounts are not provided.
The filing is signed by Ashley Grim as Head of Global Fund Administration on 03/27/2026.
LEAR CORP director Conrad L. Mallett Jr. reported an open-market sale of 44 shares of common stock on March 13, 2026 at an average price of $116.12 per share. After this transaction, he directly owns 106 shares of Lear Corp common stock.