Adient to appoint Peter Carlin CFO on Nov. 16
Board member Peter Carlin will become Adient’s CFO on November 16, 2026, as the board shrinks to seven directors and current CFO Mark Oswald departs.
Rhea-AI Filing Summary
Adient plc (ADNT) announced a planned CFO transition and board change. On October 1, 2026, Peter H. Carlin will resign from Adient’s board of directors and join the company as Vice President, Finance, and the board will be reduced to seven members. Effective November 16, 2026, Carlin will be appointed Executive Vice President and Chief Financial Officer and assume duties as Adient’s principal financial officer, succeeding Mark A. Oswald, who will depart the company on that date. As CFO, Carlin will receive an annual base salary of $820,000, a fiscal 2027 target bonus equal to 100% of base salary, and a target fiscal 2027 long‑term equity award of $4,250,000, along with a Key Executive Severance and Change of Control Agreement in a previously disclosed form.
Positive
- None.
Negative
- Current CFO Mark A. Oswald will depart Adient effective November 16, 2026, creating a leadership transition in the company’s top finance role.
Insights
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CFO annual base salary: $820,000
CFO target bonus percentage: 100% of annual base salary
CFO target equity award: $4,250,000
+5 more
8 metrics
CFO annual base salary
$820,000
Annual base salary for Peter Carlin as Adient’s CFO
CFO target bonus percentage
100% of annual base salary
Target bonus for fiscal 2027 under Adient’s Annual Incentive Plan
CFO target equity award
$4,250,000
Target long-term equity award for fiscal 2027 under Adient’s Long-Term Incentive Plan
Board size
7 directors
Board size after reduction effective October 1, 2026
Employees
More than 65,000
Global Adient workforce as described in company overview
Countries of operation
29 countries
Geographic footprint of Adient’s operations
Manufacturing and assembly plants
Approximately 200 plants
Number of manufacturing/assembly plants Adient operates worldwide
Peter Carlin age
54
Age of incoming CFO Peter Carlin
Key Terms
Annual Incentive Plan, Long-Term Incentive Plan, Key Executive Severance and Change of Control Agreement, principal financial officer, +1 more
5 terms
Annual Incentive Plan financial
"his target bonus award for fiscal year 2027 under Adient’s Annual Incentive Plan"
Long-Term Incentive Plan financial
"his target equity award for fiscal year 2027 established pursuant to Adient’s Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Key Executive Severance and Change of Control Agreement financial
"will enter into a Key Executive Severance and Change of Control Agreement"
principal financial officer regulatory
"will assume the duties as principal financial officer of Adient at that time"
The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.
Item 404(a) of Regulation S-K regulatory
"any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive leadership change did Adient (ADNT) announce?
Adient announced that Peter H. Carlin will become Executive Vice President and Chief Financial Officer, effective November 16, 2026, replacing Mark A. Oswald, who will depart Adient as of the same date.
When will Peter Carlin join Adient’s management team and become CFO?
On October 1, 2026, Peter Carlin will step down from Adient’s board and join as Vice President, Finance. He will then be appointed Executive Vice President and Chief Financial Officer effective November 16, 2026.
What is the new CFO compensation package at Adient (ADNT)?
As CFO, Peter Carlin will receive an annual base salary of $820,000, a fiscal 2027 target bonus equal to 100% of base salary under the Annual Incentive Plan, and a fiscal 2027 target equity award of $4,250,000 under the Long-Term Incentive Plan.
How is Adient’s board of directors changing with this announcement?
Adient’s board has approved a reduction in its size to seven directors, effective as of Peter Carlin’s resignation from the board on October 1, 2026.
What prior experience does new Adient CFO Peter Carlin bring?
Peter Carlin, age 54, has held roles including Senior Technical Advisor at GameStop Corp. (2023–2026), Senior Analyst at Saddle Point Management, L.P. (2022–2023), Managing Director at Blue Harbour Group, L.P. (2014–2020), and various investment and M&A roles earlier in his career.
Will Peter Carlin have any special severance or change-of-control protections at Adient?
Yes. Peter Carlin and Adient will enter into a Key Executive Severance and Change of Control Agreement, in substantially the form filed as Exhibit 10.12 to Adient’s Form 10‑K for the fiscal year ended September 30, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 17, 2026
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||
25 North Wall Quay, Dublin 1, Ireland D01 H104 | ||
| (Address of principal executive offices) | ||
Registrant’s telephone number, including area code: 734 -254-5000
Not applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of class | Trading symbol(s) | Name of exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Adient plc (“Adient”) today announced that on October 1, 2026, Peter H. Carlin will resign from Adient’s board of directors and join Adient as Vice President, Finance. Additionally, the size of Adient’s board of directors will be reduced to seven members as of such date. Effective November 16, 2026, Mr. Carlin will be appointed as Executive Vice President and Chief Financial Officer (“CFO”) of Adient and will assume the duties as principal financial officer of Adient at that time. Mr. Carlin has served as a member of Adient’s board of directors since 2018.
Mr. Carlin, age 54, previously served as Senior Technical Advisor at GameStop Corp. from 2023 to 2026, and as a Senior Analyst with Saddle Point Management, L.P., a private investment firm, from 2022 to 2023. Prior to joining Saddle Point, Mr. Carlin was a professional investor from 2020 to 2022 and served as Managing Director at Blue Harbour Group, L.P. (an investment management firm) from 2014 to 2020. Mr. Carlin was also a Managing Member of Estekene Capital from 2009 to 2013, a Deputy Portfolio Manager at Alson Capital and a Buyside Research Analyst at Sanford Bernstein & Co. Mr. Carlin began his career at Morgan Stanley in the Mergers & Acquisitions Group. Mr. Carlin also served as a director and a member of the Audit Committee, Nominating & Governance Committee and Risk Oversight Committee of Investors Bancorp, Inc. from 2017 to 2019.
As Adient’s CFO, Mr. Carlin’s annual base salary will be $820,000; his target bonus award for fiscal year 2027 under Adient’s Annual Incentive Plan will be 100% of his annual base salary; and his target equity award for fiscal year 2027 established pursuant to Adient’s Long-Term Incentive Plan will be $4,250,000. Additionally, Mr. Carlin and Adient will enter into a Key Executive Severance and Change of Control Agreement, in substantially the form filed as Exhibit 10.12 to Adient’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025.
Concurrent with Mr. Carlin’s appointment on November 16, 2026, Mark A. Oswald will depart Adient as previously disclosed in the company’s Current Report on Form 8-K filed on July 10, 2026.
There are no arrangements or understandings between Mr. Carlin and any other persons pursuant to which he was selected as an officer of Adient, he does not have any family relationships with any of Adient’s directors or executive officers, and he does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| EXHIBIT INDEX | |||||
| Exhibit No. | Exhibit Description | ||||
| 99.1 | Adient plc Press Release dated September 18, 2026. | ||||
| 104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). | ||||
SIGNATURE
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 hereunto duly authorized.
| ADIENT PLC | ||||||||
| Date: September 18, 2026 | By: | /s/ Heather M. Tiltmann | ||||||
| Name: | Heather M. Tiltmann | |||||||
| Title: | Executive Vice President, Chief Legal and Human Resources Officer, and Corporate Secretary | |||||||
CONTACTS Media: Mary Kay Dodero T +1 734.386.6253 Mary.Kay.Dodero@adient.com Investors: Linda Conrad +1 734.209.0068 Linda.Conrad@adient.com Peter Carlin steps down from Adient board of directors, joins company as CFO on Nov. 16, 2026 PLYMOUTH, Mich., Sept. 18, 2026 – Adient (NYSE: ADNT), a global leader in automotive seating, today announced that on Oct. 1, 2026, Peter Carlin will be stepping down from Adient’s board of directors and joining the company initially as vice president, finance. He will then be appointed executive vice president and chief financial officer of Adient, effective Nov. 16, 2026. Carlin’s appointment follows Mark Oswald's departure from Adient as its executive vice president and chief financial officer, also effective Nov. 16, 2026. “Peter has served on our Board since 2018, providing valuable insights and counsel to the management team and his colleagues on the board,” said Frederick A. Henderson, chair of the board of Adient. “On behalf of the leadership team and board, we thank Peter for his significant contributions to Adient to date and look forward to continuing to work with him in his new executive officer role.” “I want to thank and recognize both Peter and Mark for their contributions to Adient over the years. Their efforts with the board and leadership team have helped to steward the company’s legacy of strong customer relationships and operational excellence. I look forward to welcoming Peter to our management team as we build on the company’s positive momentum and continue to drive the business forward," said Jerome Dorlack, Adient’s president and chief executive officer. Adient’s board has taken action to reduce the size of the board to seven directors, effective as of Carlin’s resignation on Oct. 1, 2026. About Adient: Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~200 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the
automotive seat-making process. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com. # # #