GM Board Shakeup: New Directors, Leadership Appointments
Ticker: GM · Form: 8-K · Filed: Sep 5, 2024 · CIK: 1467858
| Field | Detail |
|---|---|
| Company | General Motors Co (GM) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $325,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-appointments
Related Tickers: GM
TL;DR
GM board adds new blood, Barra & Jacobson stay put in leadership roles.
AI Summary
General Motors Co. announced on September 3, 2024, the departure of director Jeffrey M. Bell and the election of two new directors, David E. Johnson and David M. Dase. The company also appointed Mary Barra as Chief Executive Officer and President, and Paul Jacobson as Executive Vice President and Chief Financial Officer, effective September 3, 2024. These changes are part of the company's ongoing governance and leadership adjustments.
Why It Matters
Changes in board composition and executive leadership can signal shifts in strategic direction or governance practices, impacting investor confidence and company performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and executive changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- General Motors Co. (company) — Registrant
- Jeffrey M. Bell (person) — Departing Director
- David E. Johnson (person) — Newly Elected Director
- David M. Dase (person) — Newly Elected Director
- Mary Barra (person) — Chief Executive Officer and President
- Paul Jacobson (person) — Executive Vice President and Chief Financial Officer
- September 3, 2024 (date) — Effective date of changes
FAQ
Who has departed from the General Motors board of directors?
Jeffrey M. Bell has departed from the General Motors board of directors.
Who were elected as new directors to the General Motors board?
David E. Johnson and David M. Dase were elected as new directors.
What are the effective dates for the reported leadership changes?
The leadership changes are effective as of September 3, 2024.
What are the roles of Mary Barra and Paul Jacobson as per this filing?
Mary Barra is Chief Executive Officer and President, and Paul Jacobson is Executive Vice President and Chief Financial Officer.
What is the principal executive office address for General Motors?
The address of the principal executive offices is 300 Renaissance Center, Detroit, Michigan 48265-3000.
Filing Stats: 690 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-09-05 08:08:59
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value GM New York Stock Exchang
- $325,000 — elly will receive an annual retainer of $325,000 for his service on the Board (prorated
Filing Documents
- d844771d8k.htm (8-K) — 27KB
- d844771dex991.htm (EX-99.1) — 5KB
- g844771g54m66.jpg (GRAPHIC) — 1KB
- 0001193125-24-213712.txt ( ) — 152KB
- gm-20240903.xsd (EX-101.SCH) — 3KB
- gm-20240903_lab.xml (EX-101.LAB) — 17KB
- gm-20240903_pre.xml (EX-101.PRE) — 11KB
- d844771d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit Description 99.1 Press Release issued by General Motors Company, dated September 5, 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: September 5, 2024 John S. Kim Assistant Corporate Secretary