On September 12, 2024, Ford Motor Company announced the extension of its Tax Benefit Preservation Plan (TBPP) through Amendment No. 5, which was approved by the company's Board of Directors. The TBPP, initially established on September 11, 2009, aims to protect Ford's significant tax attributes, such as tax credit carryforwards, which could offset about $43 billion of taxable income as of the end of 2023. The amendment extends the TBPP's expiration date from September 30, 2024, to September 30, 2027, with the condition that shareholder approval is obtained by the final adjournment of Ford's 2025 annual meeting. The TBPP includes a provision that if any person or group acquires 4.99% or more of Ford's outstanding common stock, it would trigger a dilutive event to protect the company's tax attributes from an 'ownership change' under IRS rules. The Board has the authority to exempt any stock acquisition from the TBPP and retains the right to amend or terminate the plan as long as the rights are redeemable.

On September 12, 2024, Ford Motor Company announced the extension of its Tax Benefit Preservation Plan (TBPP) through Amendment No. 5, which was approved by the company's Board of Directors. The TBPP, initially established on September 11, 2009, aims to protect Ford's significant tax attributes, such as tax credit carryforwards, which could offset about $43 billion of taxable income as of the end of 2023. The amendment extends the TBPP's expiration date from September 30, 2024, to September 30, 2027, with the condition that shareholder approval is obtained by the final adjournment of Ford's 2025 annual meeting. The TBPP includes a provision that if any person or group acquires 4.99% or more of Ford's outstanding common stock, it would trigger a dilutive event to protect the company's tax attributes from an 'ownership change' under IRS rules. The Board has the authority to exempt any stock acquisition from the TBPP and retains the right to amend or terminate the plan as long as the rights are redeemable.