Gentherm Inc

Modine s long-term debt and related interest expense have not been attributed to Performance Technologies for any of the periods presented because Performance Technologies is not the legal obligor of such borrowings.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

The carrying values of cash, cash equivalents, restricted cash, trade accounts receivable, due from related party, accounts payable, due to related party, and short-term debt approximate fair value due to the short-term nature of these instruments.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

The overdrafts relate to short-term borrowings under foreign subsidiary credit agreements.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

In June 2026, the Company executed a credit agreement with a syndicate of banks that provides for a term loan of $250.0 million.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

Borrowings under this agreement are to occur in connection with, and substantially at the same time as, the Spin-Off.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

For each of the three months ended June 30, 2026 and 2025, the Company incurred interest expense of $0.8 million on borrowings from the Parent s centralized cash management and financing function.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

Actual costs that may have been incurred if Performance Technologies had been a standalone company would depend on a number of factors, including the chosen organization structure and strategic decisions made in various areas, including information technology ( IT ), infrastructure and outsourcing of corporate functions.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

As part of Modine s transformational initiatives supported by 80/20 principles, the Company is taking steps to optimize its supply chain and manufacturing footprint.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

This determination involves judgment and the use of significant estimates and assumptions, including expectations of future taxable income and tax planning strategies.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

Actual costs that the Company may have incurred, had it been a standalone company, would depend on a number of factors, including the chosen organizational structure and strategic decisions made in areas such as manufacturing, selling and marketing, research and development, information technology and infrastructure.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

Such actual costs would depend on a number of factors, including the chosen organizational structure and strategic decisions made in various areas, including information technology infrastructure and corporate functions outsourced or performed by employees.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

Note 16: Contingencies and Litigation In the normal course of business, the Company is named as a defendant in various lawsuits and enforcement proceedings by private parties, governmental agencies and/or others in which claims are asserted against it.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

In addition, management expects that the liabilities which may ultimately result from such lawsuits or proceedings, if any, would not have a material adverse effect on the Company s financial position.

SEC original ↗Gentherm Inc — Earnings release (8-K exhibit)EX-99Oct 1, 2026

Legal Proceedings 40 Item 1A.

SEC original ↗Gentherm Inc — 10-Q Quarterly report10-QOct 22, 2026

These estimates and assumptions are subject to an inherent degree of uncertainty and may change as new events occur and additional information is obtained.

SEC original ↗Gentherm Inc — 10-Q Quarterly report10-QOct 22, 2026

No litigation has been threatened or filed as of the date of this report.

SEC original ↗Gentherm Inc — 10-Q Quarterly report10-QOct 22, 2026

Given the uncertainty that exists concerning the resolution of this matter, as of 16 Table of Contents the date of this report, the Company cannot reasonably estimate the amount and timing of possible costs that may be incurred by the Company.

SEC original ↗Gentherm Inc — 10-Q Quarterly report10-QOct 22, 2026