Adient

Plymouth, Michigan – November 04, 2026 -- Adient (NYSE: ADNT) has raised its share repurchase authorization by $400 million to a total of $1 billion and adopted a Tax Benefits Preservation Plan to protect U.S. tax attributes that may offset about $3.5 billion of future taxable income.

Adient has $435 million of buyback capacity left after repurchasing $565 million since 2022

The board's $400 million increase expands the repurchase program the company launched in November 2022. Adient has repurchased $565 million of shares under that program, leaving $435 million of remaining authorization.

Repurchases may be made through open-market purchases, privately negotiated transactions or other methods. They remain subject to market conditions, legal requirements and other corporate considerations.

Plymouth, Mich. – September 20, 2026 -- Adient (NYSE: ADNT) will appoint board member Peter Carlin as executive vice president and chief financial officer effective Nov. 16, 2026, succeeding Mark Oswald, who departs the same day.

Carlin exits the board to join management on Oct. 1, 2026

Carlin will step down from Adient's board of directors on Oct. 1, 2026, and join the automotive seating maker as vice president, finance, ahead of his CFO promotion six weeks later. He has served on Adient's board since 2018.

Board shrinks to seven directors following Carlin's resignation

Adient's board has voted to reduce its size to seven directors, effective on the date of Carlin's resignation from the board, Oct. 1, 2026.