AUTOLIV INC 8-K

What Happened

• Autoliv Inc. announced on Feb. 19, 2026 that director Martin Lundstedt notified the Board he will not stand for re-election; his term will end at the conclusion of the 2026 Annual Stockholders Meeting.
• Director Franz‑Josef Kortüm also will not stand for re‑election because he has reached the Company’s mandatory retirement age for directors; his term will likewise expire at the 2026 Annual Meeting.
• The Board will be reduced from 11 members to 9 members effective immediately after the close of the polls for the 2026 Annual Meeting. All other current Board members have been nominated for re-election.

Key Details

• Notice date: February 19, 2026 (filing signed Feb. 20, 2026).
• Departing directors: Martin Lundstedt (not seeking re‑election) and Franz‑Josef Kortüm (mandatory retirement).
• Board size change: from 11 directors to 9 directors, effective upon close of polls at the 2026 Annual Meeting.
• Company statement: Lundstedt’s decision is not due to any disagreement with Autoliv; a related press release was filed as Exhibit 99.1.

Why It Matters

• Governance: A smaller board may change committee composition and director succession planning; investors should note which directors remain and who is nominated for re‑election at the 2026 Annual Meeting.
• Timing: These changes are prospective (effective at the 2026 Annual Meeting), so they do not create immediate vacancies but will alter board makeup after stockholder votes.
• No dispute indicated: The company reported the departures are not the result of a disagreement, which reduces short‑term governance concern for investors.