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Adient plc

For the period ended Sep 30, 2024. Filed Nov 18, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 18, 2024

ADNT$16.30-4.5%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM10-K

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended September 30, 2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number:001-37757

Adient plc

(exact name of Registrant as specified in its charter)

Ireland98-1328821
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

3 Dublin Landings, North Wall Quay, IFSC, Dublin 1, Ireland D01 H104

(Address of principal executive offices)

734-254-5000

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of exchange on which registered
Ordinary Shares, par value $0.001ADNTNew York Stock Exchange

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐No ☑

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.:

Large accelerated filer☑Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
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. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☑

The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 31, 2024, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $3.0 billion. At September 30, 2024,84,866,763 ordinary shares were outstanding.

Documents Incorporated by Reference

Portions of the Registrant's definitive proxy statement relating to its 2025 annual general meeting of shareholders to be held on March 11, 2025 (the "2025 Proxy Statement") are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The 2025 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.

Form 10-K

For the Fiscal Year Ended September 30, 2024

TABLE OF CONTENTS

ITEM · PAGE
PART I
ITEM 1Business4
ITEM 1ARisk Factors13
ITEM 1BUnresolved Staff Comments26
ITEM 1CCybersecurity26
ITEM 2Properties28
ITEM 3Legal Proceedings28
ITEM 4Mine Safety Disclosures28
PART II
ITEM 5Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities29
ITEM 6[Reserved]30
ITEM 7Management's Discussion and Analysis of Financial Condition and Results of Operations30
ITEM 7AQuantitative and Qualitative Disclosures About Market Risk50
ITEM 8Financial Statements and Supplementary Data52
ITEM 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure100
ITEM 9AControls and Procedures100
ITEM 9BOther Information101
ITEM 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections101
PART III
ITEM 10Directors, Executive Officers and Corporate Governance102
ITEM 11Executive Compensation102
ITEM 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters102
ITEM 13Certain Relationships and Related Transactions, and Director Independence102
ITEM 14Principal Accounting Fees and Services102
PART IV
ITEM 15Exhibits and Financial Statement Schedules103
Signatures110
ContentsView on SEC.gov

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