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Lear Increases Share Repurchase Authorization to $1.5 Billion and Extends Authorization

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SOUTHFIELD, Mich., Sept. 24, 2026 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has approved an increase to the Company’s share repurchase authorization to $1.5 billion and extended the authorization period until December 31, 2029.

“The confidence Lear’s Board has in the Company’s outlook and its ability to generate free cash flow allows for the actions announced today,” said Gregory C. Smith, Lear’s Non-Executive Chairman. “The Board fully supports the Company’s capital allocation priorities, which are designed to maximize long-term shareholder value by making organic and inorganic investments to drive profitable growth and improve competitiveness, maintaining a strong and flexible balance sheet, and consistently returning excess cash to shareholders.”

At the end of the second quarter 2026, Lear had approximately $600 million remaining on its share repurchase authorization which expires on December 31, 2026. As a result of the Board’s action, Lear’s total share repurchase authorization is now $1.5 billion and reflects approximately 26% of its total market capitalization at current market prices.

Since initiating the share repurchase program in 2011 through the end of the second quarter 2026, Lear has repurchased 63.6 million shares of its common stock for a total of $6.1 billion. This represents a reduction of approximately 60% of our shares outstanding as of the commencement of the share repurchase program.

Lear may implement share repurchases under its share repurchase authorization utilizing a variety of methods, including open market purchases, accelerated share repurchase programs, privately negotiated transactions and structured repurchase transactions. Share repurchases are subject to the Company’s discretion with respect to alternative uses of capital, as well as prevailing financial, market and industry conditions.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words “may,” “designed to,” “outlook,” “believes,” “should,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” “forecasts,” “targets” and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address the Company’s potential future use of its share repurchase authorization or developments that the Company expects or anticipates may occur in the future are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, including the section entitled “Risk Factors,” and its other Securities and Exchange Commission filings. Future usage of the share repurchase authorization will be based on various factors, including the trading prices of the Company’s common stock and alternative potential uses of the Company’s capital as well as the Company’s operating results, which depend in part on actual industry production volumes, the impact of, and our ability to mitigate the effects of, U.S. or foreign policies regarding trade, including tariffs and export restrictions and any changes to tariffs or export restrictions, any resulting volume reductions or changes in vehicle production schedules by our customers, the duration and scope of any government shutdown and any other industry disruptions, supply chain disruptions, labor disruptions, unforeseen operational disruptions impacting our customers, commodity prices, changes in foreign exchange rates, the impact of restructuring actions and the Company’s success in implementing its operating strategy.

The forward-looking statements in this press release are made as of the date hereof, and the Company does not assume any obligation to update, amend, or clarify them to reflect events, new information or circumstances occurring after the date hereof.

About Lear Corporation
Lear Corporation (NYSE: LEA) is a global automotive leader in Seating and E-Systems. The company designs, manufactures, and delivers advanced technologies to the world’s major automakers. Building on more than 100 years of heritage, Lear is the largest U.S.-based automotive supplier, headquartered in Southfield, Michigan. Driven by a commitment to innovation, operational excellence, and sustainability, Lear’s global team of talented employees is shaping the future of mobility by developing solutions that enhance comfort, safety, and efficiency. More information is available at Lear.com.

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SOURCE Lear Corporation

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webAI Lands $30 Million AI Deal With Forge as Enterprise AI Services Race Accelerates

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Forge commits $30 million to webAI as the companies partner to build and deploy private, specialized AI systems inside enterprises.

AUSTIN, Texas, Sept. 24, 2026 /PRNewswire/ — webAI today announced a strategic partnership with Forge AI Deployment, which is making a $30 million commitment to webAI to build and deploy private, specialized AI systems for enterprise customers.

The partnership pairs webAI’s collaborative intelligence platform with Forge’s enterprise deployment and services operation. Forge will work directly with customers to build AI systems around their proprietary data, workflows and operations, running on infrastructure those customers control.

The agreement comes as the AI market begins shifting from building increasingly capable general-purpose models to putting specialized intelligence to work inside businesses.

Forge is led by enterprise technology veterans, including founder and CEO John Ezzell, who previously built an Oracle-focused services and reseller business that was acquired by Deloitte. Forge is applying a similar playbook to AI: combining a new technology platform with the implementation, integration and operational expertise required to make it useful inside large organizations.

webAI provides the intelligence layer behind that effort.

Rather than relying solely on a general-purpose model, webAI enables organizations to deploy specialized models around their own data, people and operations. Those models can run across infrastructure the organization controls and collaborate as a system.

Forge will design, deploy and operate those systems for customers, from individual specialized AI Personas to company-wide deployments.

“A general model is only the beginning,” said David Stout, co-founder and CEO of webAI. “Individuals and organizations need intelligence deeply specialized to them. We believe the path to super intelligence (SI) isn’t one model that knows everything; it’s specialized intelligence working together. Collaboration gets us there faster.”

From AI models to AI infrastructure

webAI calls this emerging architecture the decision factory: intelligence built around the unique knowledge, expertise and workflows of an organization and deployed wherever decisions are made.

Instead of relying on a single general-purpose model, specialized AI Personas can operate as domain experts and work together across webAI’s Intelligence Delivery Network (IDN), a private network of compute controlled by the organization.

Forge will take responsibility for turning that technology into working enterprise systems, including architecture, secure deployment, model integration and optimization.

“Enterprises don’t need another AI demo,” said John Ezzell, founder and CEO of Forge AI Deployment. “They need AI that actually works inside their business. The opportunity is to take this technology from experimentation to production, and webAI gives us the infrastructure to do that.”

The partnership also expands webAI’s growing ecosystem of systems integrators, software companies and channel partners building, deploying and distributing specialized AI solutions on its platform across commercial and public-sector markets.

For enterprises, the shift is simple: AI stops being something they subscribe to and becomes intelligence they own.

About webAI
webAI is building collaborative intelligence: a private, local-first approach to AI in which specialized models run close to where work happens and collaborate with one another and the people they support. webAI enables individuals and organizations to create, own and deploy specialized intelligence across their own devices and environments. Headquartered in Austin, Texas, webAI’s mission is to make powerful AI accessible, personal and collaborative. Learn more at webai.com.

About Forge AI Deployment
Forge AI Deployment is an official webAI systems integrator that designs, installs and operates sovereign AI systems inside infrastructure customers control, including enterprise data centers, edge sites and air-gapped or disconnected enclaves. Combining more than two decades of work in high-consequence and Fortune 100 environments with webAI’s local-first platform, Forge provides end-to-end architecture, secure deployment, model integration and optimization while keeping institutional knowledge within the customer’s perimeter.

Media Contact
webAI@pinkston.co

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SOURCE webAI

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NAIC Letter Details Proactive State Oversight of Evolving Insurance Landscape

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WASHINGTON, Sept. 24, 2026 /PRNewswire/ — In response to a letter from U.S. Senator Elizabeth Warren (D-Mass.), state insurance regulators leading the National Association of Insurance Commissioners (NAIC) today detailed how the state-based regulatory framework is evolving alongside insurers’ changing investment strategies, ownership structures, and risk-transfer arrangements.  

“Rather than relying on a static regulatory framework, regulators have regularly updated capital requirements, reporting standards, supervisory tools, and analytical capabilities to address emerging risks while maintaining a consistent focus on insurer solvency and policyholder protection,” said NAIC leadership.

Among other actions, this work includes:

Strengthening asset-adequacy testing through Actuarial Guideline 53 (AG 53) to provide greater consistency in evaluating the risks associated with complex and higher-yielding assets supporting life insurance business.

Intensifying oversight of certain life insurance and annuity reinsurance transactions through Actuarial Guideline 55 (AG 55), including setting higher expectations for asset-adequacy analysis and reserve adequacy.

Instituting a 45% risk-based capital charge for residual interests in structured securities to ensure that capital requirements appropriately recognize investment risk.

Creating a formal process for evaluating whether credit rating providers’ methodologies and rating mappings remain appropriate for regulatory purposes.

As NAIC leaders noted, “State insurance regulators continually evaluate whether the solvency framework appropriately captures emerging and changing risks.”

This adaptive approach, built on collaboration and coordination, has enabled state-based insurance regulation to lead for more than 150 years and will continue to guide it in an ever-changing insurance landscape.

Resources

Full Letter

NAIC Resource Center: Private Credit and Insurance Regulation

State-Based Regulatory Timeline for NAIC’s Solvency Oversight

About the National Association of Insurance Commissioners

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.

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SOURCE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS

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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ServiceTitan, Inc. – TTAN

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NEW YORK, Sept. 24, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of ServiceTitan, Inc. (“ServiceTitan” or the “Company”) (NASDAQ: TTAN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether ServiceTitan and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On September 8, 2026, ServiceTitan reported second quarter 2027 earnings. Among other items, the Company reported that “[b]ecause Max” – ServiceTitan’s AI-powered enterprise software package – “requires substantial change management, we typically do not bill subscription fees for the first quarter of an upsell Max contract, and we have also elected not to charge existing customers an onboarding fee when transitioning to Max. As a result of these factors, we expect both our platform revenue and professional services revenue to grow at a slower pace for the remainder of fiscal 2027.” The Company further reported that “[w]e expect the mix shift to Max to lower professional services revenue by roughly an additional $2 million over the remainder of this fiscal year, which, of course, also flows through to professional services gross margin.”

On this news, ServiceTitan’s stock price fell $24.46 per share, or 29.98%, to close at $57.12 per share on September 9, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP

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