Form 8-K - Current report

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: February 5, 2025

(Date of earliest event reported)

FORD MOTOR COMPANY

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)


1-3950		38-0549190
(Commission File Number)		(IRS Employer Identification No.)

One American Road
Dearborn,	Michigan	48126
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 313-322-3000

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, par value $.01 per share

New York Stock Exchange

6.200% Notes due June 1, 2059

FPRB

New York Stock Exchange

6.000% Notes due December 1, 2059

FPRC

New York Stock Exchange

6.500% Notes due August 15, 2062

FPRD

New York Stock Exchange

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 February 4, 2025, the Board of Directors of Ford Motor Company (“Ford” or “Company”) approved the appointment of Sherry House as Chief Financial Officer of the Company, effective February 6, 2025. Ms. House, 53, has served as Vice President, Finance since June 3, 2024, the date she joined the Company. In that role Ms. House had primary responsibility for Financial Planning and Analysis at the Company and oversaw the finance organizations for the Company’s customer-focused business segments: Ford Blue, Ford Pro, and Ford Model e. Prior to joining Ford, Ms. House served as the Chief Financial Officer of Lucid Motors from May 2021 until December 2023. Prior to that, she held various positions at Waymo, serving as Director of Corporate Development from January 2019 until June 2020 and as the Treasurer and Head of Investor Relations from July 2020 until April 2021.

The Compensation, Talent and Culture Committee of the Company’s Board of Directors did not take any compensation actions with respect to Ms. House in connection with her appointment as Chief Financial Officer.

Ms. House succeeds John Lawler as Chief Financial Officer. Mr. Lawler will retain his position as Vice Chair of the Company, a position he has held since June 3, 2024.

Item 7.01. Regulation FD Disclosure.

The Company’s news release dated February 5, 2025 is furnished as Exhibit 99 to this Report and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

EXHIBITS*


Designation	Description	Method of Filing

Exhibit 99	News release dated February 5, 2025	Furnished with this Report

Exhibit 104	Cover Page Interactive Data File	**
	(formatted in Inline XBRL)

SIGNATURE

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.


		FORD MOTOR COMPANY
		(Registrant)

Date: February 5, 2025	By:	/s/ David J. Witten
		David J. Witten
		Assistant Secretary


*						Any reference in the attached exhibit(s) to our corporate website(s), other websites, and/or other social media sites or platforms, and the contents thereof, is provided for convenience only; such websites or platforms and the contents thereof are not incorporated by reference into this Report nor deemed filed with the Securities and Exchange Commission.
**						Submitted electronically with this Report in accordance with the provisions of Regulation S-T.

For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. https://twitter.com/fordhttps://ford.to/facebook https://ford.to/linkedin News Ford Announces Key Leadership Changes · Sherry House named Ford’s chief financial officer as planned · John Lawler transitions to vice chair with a focus on strategy, partnerships and alliances; Marin Gjaja named chief strategy officer; David McClelland, vice president, strategy and partnerships, is retiring toward the end of the first quarter after an accomplished 32-year Ford career · Andrew Frick named president, Ford Blue and Ford Model e; Kay Hart tapped to lead Ford you’Model e · Sam Wu, president and CEO, Ford China adds responsibility for Ford’s International Markets Group DEARBORN, Mich., Feb. 5, 2025 – Ford Motor Company today announced key leadership changes as it continues to accelerate its Ford+ plan to create a dynamic and growing product, services and software company. “We continue to build a talented, mission-driven leadership team that will consistently deliver results while transforming Ford into a higher-growth, higher-margin, more durable company in this fast-changing and competitive environment,” Ford President and CEO Jim Farley said. Sherry House, who has served as vice president, Finance, since June, will become Ford’s chief financial officer as planned effective Feb. 6. “I’m excited to partner with Sherry to deliver results and create value for all of our stakeholders,” Farley said. “Sherry combines a strong track record of driving performance and cost efficiency at auto industry OEMs and suppliers with real-world experience in investment banking, mobility and technology, including electric vehicles and autonomy.” House succeeds John Lawler, who will continue to serve as Ford’s vice chair with a focus on strategy, partnerships, alliances, and corporate development. Ford also announced Marin Gjaja is named chief strategy officer after holding key leadership roles since joining the company in 2022, including COO for Ford Model e. Gjaja previously spent 25 years at BCG developing and deploying effective strategies for major American companies. Gjaja will report to Farley and Lawler. “We have a compelling strategy in Ford+, and John’s and Marin’s experience will help us capitalize on opportunities to deploy capital and create advantages amid the major shifts taking place in technology, policy, customer preferences and new competition,” Farley said. Concurrently, Ford announced that David McClelland, who led strategy at Ford since 2019, has elected to retire toward the end of the first quarter after a 32-year global career with Ford.

For news releases, related materials and high-resolution photos and video, visit www.media.ford.com. 2 “David has been a fantastic colleague and contributor at Ford – both leading strategy and Ford Credit – and we wish him all the best in retirement,” Farley said. With these changes, Andrew Frick takes on additional responsibility as president, Ford Blue and Ford Model e. He will continue to oversee Ford Pro in the interim until a new leader is named. Kay Hart, who led Ford’s International Markets Group to record profitability, will be appointed general manager of Ford Model e, reporting to Frick. Hart was a key member of Team Edison, which developed and launched the popular Mustang Mach-E and F-150 Lightning. “The Model e team will remain laser focused on delivering a profitable EV business as we launch our next-gen vehicles and solve for the unique needs and experiences of EV customers,” Frick said. “At the same time, we will align our teams to improve our overall distribution and market approach to better serve our dealers, who are core to our retail execution across Ford Blue, Model e, and Pro as they become more specialized.” Frick added that Daniel Justo, vice president, Ford Customer Service Division, will take the lead for customer experience, working with dealers to expand Ford’s leading position in remote service, pickup and delivery, while simplifying and improving overall customer service. Sam Wu, president and CEO, Ford China, is taking an expanded role to include leading International Markets Group. Jeff Marentic will report to Wu as head of Ford International Markets Group. “Sam has led a significant turnaround of Ford’s China business and his leadership will be an asset as we continue to profitably grow in China and around the world,” Farley said. “Success across our international markets, including ASEAN, South Africa, Australia, and Middle East markets, requires leveraging our China export business as well and competing successfully against the Chinese automakers aggressively scaling in these markets.” # # # About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer- centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 174,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com. Contacts: Ian Thibodeau Lynn Tyson 313.268.6056 914-485-1150 ithibode@ford.com ltyson4@ford.com

Document	Feb. 05, 2025
Document Information [Line Items]
Amendment Flag	false
Document Type	8-K
Document Period End Date	Feb. 05, 2025
Entity Registrant Name	FORD MOTOR CO
Entity Incorporation, State or Country Code	DE
Entity File Number	1-3950
Entity Tax Identification Number	38-0549190
Entity Central Index Key	0000037996
Entity Address, Address Line One	One American Road
Entity Address, City or Town	Dearborn,
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48126
City Area Code	313
Local Phone Number	322-3000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	F
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
FPRB [Member]
Document Information [Line Items]
Title of 12(b) Security	6.200% Notes due June 1, 2059
Trading Symbol	FPRB
Security Exchange Name	NYSE
FPRC [Member]
Document Information [Line Items]
Title of 12(b) Security	6.000% Notes due December 1, 2059
Trading Symbol	FPRC
Security Exchange Name	NYSE
FPRD
Document Information [Line Items]
Title of 12(b) Security	6.500% Notes due August 15, 2062
Trading Symbol	FPRD
Security Exchange Name	NYSE