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8-KThe WireStrategic

Results of Operations · Company Update

Filed May 7, 2025 · 1y ago · Accession 0001193125-25-114964

Plain English

Material event — a significant development the company must disclose promptly.

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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):  ( May 7, 2025 ) Month 1, 2025     THE GOODYEAR TIRE & RUBBER COMPANY (Exact name of registrant as specified in its charter)       Ohio   1-1927   34-0253240 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   200 Innovation Way , Akron , Ohio   44316-0001 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (330) 796-2121     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:   ☐ 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, Without Par Value   GT   The Nasdaq Stock Market LLC 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 2.02 Results of Operations and Financial Condition. A copy of the News Release issued by The Goodyear Tire & Rubber Company (the “ Company ”) on Wednesday, May 7, 2025, describing its results of operations for the first quarter of 2025, is attached hereto as Exhibit 99.1.   Item 8.01 Other Events. On May 7, 2025, the Company completed its previously announced sale of the Company’s rights to the Dunlop brand in Europe, North America and Oceania for consumer, commercial and other specialty tires, together with certain associated intellectual property and inventory, to Sumitomo Rubber Industries, Ltd. (“ SRI ”) pursuant to a Purchase Agreement, dated as of January 7, 2025, between the Company and SRI. The Company received total gross cash proceeds of $735 million, comprised of $526 million for the Dunlop brand, $105 million for a transition support fee for transitioning the Dunlop brand, related intellectual property and Dunlop customers to SRI, and $104 million for the purchase of Dunlop tire inventory. A copy of the News Release issued by the Company announcing the completion of the transaction is attached hereto as Exhibit 99.2.   Item 9.01 Financial Statements and Exhibits. (d) Exhibits.   Exhibit    Description 99.1    News Release, dated May 7, 2025 99.2    News Release, dated May 7, 2025 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.       THE GOODYEAR TIRE & RUBBER COMPANY Date: May 7, 2025     By:   /s/ Christina L. Zamarro       Christina L. Zamarro       Executive Vice President and Chief Financial Officer
Filing details
Ticker
GT
CIK
42582
Form type
8-K
Filing date
May 7, 2025
Report date
May 7, 2025
Document
d947587d8k.htm
Size
404 KB