UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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of the Securities Exchange Act of 1934
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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 May 30, 2023, Autoliv, Inc. (the “Company”) and Frithjof Oldorff, the Company’s President, Autoliv Europe, mutually agreed that Mr. Oldorff will step down as the Company’s President, Autoliv Europe, effective May 31, 2023. Mr. Oldorff will receive the severance and other termination benefits described for a termination without cause under his employment agreement with the Company, the terms of which have been previously disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 23, 2023, which description is incorporated herein by reference. A copy of the press release dated May 30, 2023 regarding the departure of Mr. Oldorff is filed as Exibit 99.1 to this report and is incorporated herein by reference.
Item 8.01 Other Events.
Appointment of President of Autoliv Europe
In a press release dated May 30, 2023, the Company announced that Magnus Jarlegren will be the next President of Autoliv Europe, effective June 1, 2023. Mr. Jarlegren replaces Frithjof Oldorff, who will leave the Company.
A copy of the press release dated May 30, 2023 regarding the appointment of Mr. Jarlegren is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
99.1 |
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Press Release of Autoliv, Inc. dated May 30, 2023 (President of Autoliv Europe). |
104.1 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
EXHIBIT INDEX
Exhibit No. |
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Description |
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99.1 |
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Press Release of Autoliv, Inc. dated May 30, 2023 (President of Autoliv Europe). |
104.1 |
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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.
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AUTOLIV, INC |
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By: |
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/s/ Anthony J. Nellis |
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Name: |
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Anthony J. Nellis |
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Title: |
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Executive Vice President, Legal Affairs and General Counsel |
Date: June 2, 2023