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Autoliv (NYSE: ALV) plans smaller board as Lundstedt exits in 2026

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Autoliv, Inc. is updating its board and setting plans for its 2026 Annual Stockholders Meeting. Director Martin Lundstedt has chosen not to stand for re-election, and his board service will end at the 2026 Annual Meeting. Director Franz-Josef Kortüm, who has reached the mandatory retirement age under the company’s governance guidelines, will also leave the board at that time. Following the meeting, the board will be reduced from eleven to nine members, with all other current directors nominated for re-election.

The 2026 Annual Meeting is scheduled for May 7, 2026, will be held in person, and stockholders of record at the close of business on March 11, 2026 are entitled to vote. Autoliv describes itself as the worldwide leader in automotive safety systems, reporting $10.8 billion in sales in 2025, operations in 25 countries, 13 technical centers, and about 64,000 employees.

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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): February 19, 2026

 

 

Autoliv, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-12933

Not applicable

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

Klarabergsviadukten 70, Section D

5th Floor,

Box 70381,

 

Stockholm, Sweden

 

SE-107 24

(Address of Principal Executive Offices)

 

(Zip Code)

 

+46 8 587 20 600

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(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 (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock (par value $1.00 per share)

 

ALV

 

New York Stock Exchange

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.

 

On February 19, 2026, Mr. Martin Lundstedt, a current member of the Board of Directors (the “Board”), notified the Board that he will not stand for re-election to the Board and his term as a director will end at the conclusion of the 2026 Annual Stockholders Meeting (“2026 Annual Meeting”). Mr. Lundstedt’s decision is not the result of any disagreement with Autoliv, Inc. (the “Company”).

 

Mr. Franz-Josef Kortüm, a current member of the Board, having reached the mandatory retirement age for directors under the Company’s Corporate Governance Guidelines, will not stand for re-election and his term as a member of the Board will expire at the conclusion of the 2026 Annual Meeting.

 

The Board will reduce the size of the Board from eleven members to nine members, effective immediately following the closing of the polls for the election of directors at the 2026 Annual Meeting.

 

All other current Board members have been nominated for re-election at the 2026 Annual Meeting.

 

A copy of the Company’s press release announcing Mr. Lundstedt’s decision not to stand for re-election is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) EXHIBITS

99.1

Press Release of Autoliv, Inc. dated February 19, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 


EXHIBIT INDEX

 

Exhibit No.

Description

 

 

 

99.1

Press Release of Autoliv, Inc. dated February 19, 2026.

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 


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 hereunto duly authorized.

 

AUTOLIV, INC

 

 

 

 

 

By:

 

/s/ Anthony J. Nellis

 

Name:

 

Anthony J. Nellis

 

Title:

 

Executive Vice President, Legal Affairs and General Counsel

 

Date: February 20, 2026


img180290266_0.jpg

PRESS RELEASE

 

 

Exhibit 99.1

Martin Lundstedt Not Standing for Re-Election to Autoliv Board of Directors

(Stockholm, Sweden, February 19, 2026) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that Mr. Martin Lundstedt, a current member of the Board of Directors (the “Board”), has elected not to stand for re-election. Mr. Lundstedt’s service as a director will end at the 2026 Annual Stockholders Meeting (the “2026 Annual Meeting”).

“It has been my honor to serve on the Autoliv Board these past five years and contribute to Autoliv’s vision of Saving More Lives. Autoliv is truly the worldwide leader in vehicle safety systems and has a tangible impact on improving lives around the world,” said Martin Lundstedt. “It is with regret that my Board service will end but I wish nothing but the best to my colleagues on the Autoliv Board and the many employees that make Autoliv such a special company.”

“I wish to thank Martin for his contributions to the performance of the Board as a member in good standing since 2021. In this dynamic period for the automotive industry, his deep experience, leadership, and insights greatly benefited Autoliv,” said Jan Carlson, Chairman of the Board of Directors. “On behalf of the Board, I wish Martin continuing success in his endeavors.”

2026 Annual Meeting

As previously announced, the Board has set Thursday, May 7, 2026 as the date for the 2026 Annual Stockholders Meeting. The Board has decided that the meeting will be in-person only. The Board has fixed the close of business on March 11, 2026 as the record date for the 2026 Annual Meeting. All stockholders of record as of the close of business on that date are entitled to vote at the 2026 Annual Meeting. Notice of the 2026 Annual Meeting will be delivered to the holders of record in late March. More information on the Annual Meeting can be found in Autoliv's proxy statement, which will be available to stockholders in late March.

 

Inquiries:

Media: Gabriella Etemad, Tel +46 (70) 612 64 24
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14

 

This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 3:15 p.m. CET on February 19, 2026.

 

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world, as well as mobility safety solutions, such as commercial vehicles and electrical safety solutions. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2025, our products saved approximately 40,000 lives and reduced around 600,000 injuries.

 

We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 64,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2025 amounted to $10.8 billion. For more information go to www.autoliv.com.

Autoliv Inc.

Box 70381, 107 24 Stockholm

Visiting address: World Trade Center, Klarabergsviadukten 70, D5, 111 64 Stockholm

Phone: +46 (0)8 58720600

 

 


 

 

 


FAQ

What board changes did Autoliv (ALV) announce in this 8-K filing?

Autoliv announced that directors Martin Lundstedt and Franz-Josef Kortüm will not stand for re-election at the 2026 Annual Meeting. After their departure, the Board will be reduced from eleven to nine members, while all other current directors have been nominated for re-election.

Why is Martin Lundstedt leaving Autoliv (ALV)’s Board of Directors?

Martin Lundstedt elected not to stand for re-election to Autoliv’s Board, ending his service at the 2026 Annual Meeting. The company states his decision is not due to any disagreement, and both he and the Chairman highlight his positive contributions since joining the Board in 2021.

When is Autoliv’s 2026 Annual Stockholders Meeting and who can vote?

Autoliv’s 2026 Annual Stockholders Meeting is scheduled for May 7, 2026, as an in-person-only event. Stockholders of record as of the close of business on March 11, 2026 are entitled to vote, and formal notice and proxy materials will be provided in late March.

How is Autoliv (ALV) changing the size of its Board of Directors?

Autoliv’s Board will be reduced from eleven to nine members effective immediately after the polls close for director elections at the 2026 Annual Meeting. This change reflects the planned departures of Martin Lundstedt and Franz-Josef Kortüm, with no additional new directors identified in this disclosure.

What financial scale did Autoliv report for 2025 in this disclosure?

Autoliv reported 2025 sales of $10.8 billion, highlighting its scale as a worldwide leader in automotive safety systems. The company notes its products saved approximately 40,000 lives and reduced around 600,000 injuries in 2025, underscoring the impact of its airbag, seatbelt, and related safety solutions.

What operational footprint does Autoliv (ALV) describe in the filing?

Autoliv states it operates in 25 countries, drives innovation from 13 technical centers, and employs about 64,000 people. The company focuses on airbags, seatbelts, steering wheels, and mobility safety solutions, positioning itself as a global leader dedicated to its vision of “Saving More Lives.”

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