GM Elects Two New Directors to Board
Ticker: GM · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1467858
| Field | Detail |
|---|---|
| Company | General Motors Co (GM) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, governance, executive-changes
Related Tickers: GM
TL;DR
GM adds two directors to the board, Lamm and Nelson, effective immediately.
AI Summary
General Motors Co. announced on June 24, 2024, changes in its executive team. The company elected two new directors, Ms. Deborah A. Lamm and Mr. Gregory L. Nelson, to its Board of Directors, effective immediately. These appointments are part of the company's ongoing efforts to enhance its governance and strategic oversight.
Why It Matters
The addition of new directors can signal strategic shifts or a focus on specific expertise, potentially impacting the company's future direction and shareholder value.
Risk Assessment
Risk Level: low — The filing concerns routine board appointments and does not involve significant financial or operational changes.
Key Players & Entities
- General Motors Co. (company) — Registrant
- Deborah A. Lamm (person) — Newly elected director
- Gregory L. Nelson (person) — Newly elected director
- June 24, 2024 (date) — Effective date of director appointments
FAQ
Who were the individuals elected as new directors to General Motors' Board?
Ms. Deborah A. Lamm and Mr. Gregory L. Nelson were elected as new directors.
When were the new directors' appointments effective?
The appointments were effective immediately as of June 24, 2024.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the election of directors and other corporate governance matters.
What is General Motors' principal executive office address?
The address is 300 Renaissance Center, Detroit, Michigan 48265-3000.
What is the Commission File Number for General Motors?
The Commission File Number is 001-34960.
Filing Stats: 533 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-06-25 16:26:01
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value GM New York Stock Exchang
Filing Documents
- d822413d8k.htm (8-K) — 25KB
- d822413dex991.htm (EX-99.1) — 7KB
- 0001193125-24-167894.txt ( ) — 150KB
- gm-20240624.xsd (EX-101.SCH) — 3KB
- gm-20240624_lab.xml (EX-101.LAB) — 17KB
- gm-20240624_pre.xml (EX-101.PRE) — 11KB
- d822413d8k_htm.xml (XML) — 3KB
From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): June 24, 2024 GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter) Delaware 001-34960 27-0756180 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 300 Renaissance Center , Detroit , Michigan 48265-3000 (Address of principal executive offices) (Zip Code) (313) 667-1500 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) 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, $0.01 par value GM 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. Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On June 24, 2024, the General Motors Company (the "Company") Board of Directors (the "Board") approved the election of Craig B. Glidden to a new role as the Company's Executive Vice President and Strategic Advisor, a position he will hold through December 31, 2024. He will also remain the President and Chief Administrative Officer of GM Cruise Holdings LLC ("Cruise"), the Company's autonomous vehicle technology subsidiary, where he will support Cruise's newly appointed Chief Executive Officer, Marc Whitten. In addition, the Board elected Grant M. Dixton to succeed Mr. Glidden and serve as the Company's Executive Vice President and Chief Legal and Public Policy Officer. The Company's leadership changes will be effective as of July 15, 2024. A copy of the press release announcing these GM leadership changes is attached hereto and incorporated herein by reference. Item9.01 Financial Statements and Exhibits Exhibit Description 99.1 Press Release issued by General Motors Company, dated June 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. GENERAL MOTORS COMPANY (Registrant) By: /s/ John S. Kim Date: June 25, 2024 John S. Kim Assistant Corporate Secretary