Modine Manufacturing
Racine, Wisconsin, United States · Energy, Manufacturing, Renewable Energy
Modine Manufacturing engineers, manufactures and tests a variety of heating and cooling products and HVAC systems. The company has more than 11,000 employees worldwide. Modine reported net sales of $2.6 billion in the fiscal year ending March 31. It is currently in expansion mode.
Key facts
- Headquarters
- Racine, Wisconsin, United States
- Employees
- 37
- Industries
- Energy, Manufacturing, Renewable Energy
- Status
- Public (MOD)
- Website
- modine.com
- Company page
Recent activity at Modine Manufacturing
- : Modine Manufacturing Company Completes Spin-off and Merger with Gentherm Incorporated
- : SEC 8-K (2.01): On October 1, 2026, Modine Manufacturing Company completed a Reverse Morris Trust transaction with Gentherm Incorporated, involving the spin-off of Modine's Performance Technologies business. This transaction was executed in accordance with the Separation Agreement and the Merger Agreement previously established on January 29, 2026. The strategic implications of this transaction suggest a shift in focus for Modine, allowing Gentherm to expand its capabilities while Modine narrows its operational scope. Details about financial terms or implications have not been disclosed, but the event is significant for shareholders as it fundamentally alters the composition of both companies' business operations.
- : Modine to merge with Gentherm by October 1, 2026
- : SEC 8-K (7.01): On September 17, 2026, Modine Manufacturing Company and Gentherm Incorporated issued a joint press release regarding the anticipated completion of the combination of Gentherm and Modine’s Performance Technologies business. This involves a spin-off of the Performance Technologies unit via the distribution of common stock of its subsidiary, Platinum SpinCo Inc., to Modine shareholders, with a record date set for September 28, 2026. In the subsequent merger, SpinCo's common stock will convert into shares of Gentherm stock at an adjusted exchange ratio which will increase, resulting in Gentherm issuing approximately 2,902,466 additional shares. The transaction will also include adjustments to cash distributions to keep the deal tax-efficient and balance the interests of both companies' shareholders, highlighting significant corporate restructuring implications.
- : SEC 8-K (8.01): On September 10, 2026, Modine Manufacturing Company announced via a press release that it will rebrand as Modexus Solutions following the spinoff of its Performance Technologies business and a merger with Gentherm. The completion of this transformation is contingent upon shareholder approval of an amendment to the Company’s Articles of Incorporation to facilitate the name change. This significant corporate restructuring aims to enhance the company's strategic focus and operational efficiency. The announcement highlights the company's commitment to evolving its business structure to better align with market opportunities.
- : SEC 8-K (5.07): On August 20, 2026, Modine Manufacturing Company's shareholders voted to elect Eric D. Ashleman, Alan S. Lowe, and Marsha C. Williams to serve as directors until the 2029 Annual Meeting and until their successors are duly elected and qualified. The voting results were significant, with Eric D. Ashleman receiving 41,246,977 votes in favor, Alan S. Lowe 41,232,719, and Marsha C. Williams 38,969,967 votes. Additionally, the shareholders approved an advisory vote regarding named executive officer compensation, indicating the company's commitment to governance and transparent decision-making. This change in the board of directors could impact the company's strategic direction moving forward.
- : SEC 8-K (7.01):
- : Modine Appoints Michael Mahan as President of the Commercial HVAC Segment
- : Modine completes three acquisitions in climate sector
- : SEC 8-K (1.01): On April 30, 2026, Modine Manufacturing Company entered into Amendment No. 2 to its Sixth Amended and Restated Credit Agreement with Airedale International Air Conditioning Limited and various lenders, including JPMorgan Chase Bank, N.A. This Amendment permits the separation and spin-off of the Company’s Performance Technologies business, allowing a newly formed subsidiary to incur debt for funding the related transactions. Key modifications include the addition of provisions for a newly-created escrow subsidiary to manage proceeds and adjustments to negative covenants to allow for investments tied to this spin-off. The effective date of the Amendment is significant as it directly influences ongoing and future financial strategies tied to the Performance Technologies business. The transaction’s strategic implications may include repositioning in the market and enhanced operational flexibility for the Company.
Leadership
- Alan S. Lowe, Director
- Eric D. Ashleman, Director
- Michael Mahan, President
- Mark Johnson, Chief Operating Officer
- Mick Lucareli, Chief Financial Officer
- David Wilson, Chief Executive Officer
- Teresa Schmidlin, Human Resource Manager
- Vivian Kulik, Human Resources Manager
- Dan George, Human Resources Manager
- Otis Gupton, Finance Specialist
- Gopal Swain, Finance & Accounts
- Tom Jones, Finance Manager
Verified email and direct lines for Modine Manufacturing’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Modine Manufacturing files 14 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Modine Manufacturing in the news
- Modine Manufacturing Stock Rises as Investors Digest Post-Spin Focus - Quiver Quantitative (Oct 06, 2026)
- Modine Manufacturing Company Recalls Airedale Heating and Cooling Ventilation Fans Due to Fire Hazard | CPSC.gov - CPSC.gov (Aug 20, 2026)
- Continued Growth in Data Center Cooling Business Drives 300 Open Roles - PR Newswire (Sep 23, 2026)
- Gentherm and Modine Manufacturing Company Announce Additional Information in Connection with Proposed Combination of Gentherm and Modine’s Performance Technologies Business - Yahoo Finance (Sep 17, 2026)
- Modine Manufacturing Company recalls Airedale Heating and Cooling Ventilation Fans due to fire hazard - MyParisTexas (Aug 26, 2026)
- Modine Manufacturing plans name change as it sells legacy business - The Business Journals (Aug 24, 2026)
- New financial targets will follow Modine’s planned spin-off - Stock Titan (Sep 14, 2026)
- Modine Manufacturing Company Slides as Investors Weigh Spin-Off Trading Mechanics - Quiver Quantitative (Sep 28, 2026)
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About Modine Manufacturing: questions and answers
What does Modine Manufacturing do?
Modine Manufacturing engineers, manufactures and tests a variety of heating and cooling products and HVAC systems. The company has more than 11,000 employees worldwide. Modine reported net sales of $2.6 billion in the fiscal year ending March 31. It is currently in expansion mode.
Where is Modine Manufacturing headquartered?
Modine Manufacturing is headquartered in Racine, Wisconsin, United States.
How many employees does Modine Manufacturing have?
Modine Manufacturing has about 37 employees.
Who leads Modine Manufacturing?
Michael Mahan is a President at Modine Manufacturing.
What is the latest news on Modine Manufacturing?
On Oct 01, 2026, Modine Manufacturing Company Completes Spin-off and Merger with Gentherm Incorporated
Is Modine Manufacturing a public company?
Yes. Modine Manufacturing is publicly traded under the ticker MOD.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy