GE Vernova Files 8-K on Officer Changes and Other Events
Ticker: GEV · Form: 8-K · Filed: May 17, 2024 · CIK: 1996810
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-elections
TL;DR
GE Vernova 8-K: Officer changes, director elections, and other corporate updates filed May 17.
AI Summary
GE Vernova Inc. filed an 8-K on May 17, 2024, reporting on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. The filing also covers other events and financial statements/exhibits, with the earliest event reported on May 16, 2024. The company, formerly GE Vernova LLC, changed its name on October 10, 2023.
Why It Matters
This filing provides updates on key personnel changes and corporate events at GE Vernova, which could impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — This is a routine 8-K filing detailing corporate governance and personnel changes, not indicating immediate financial distress or significant operational shifts.
Key Players & Entities
- GE Vernova Inc. (company) — Registrant
- GE Vernova LLC (company) — Former Company Name
- May 16, 2024 (date) — Date of earliest event reported
- May 17, 2024 (date) — Date of Report
- October 10, 2023 (date) — Date of Name Change
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but the specific positions are not detailed in the provided text.
Were there any new directors elected to the board?
Yes, the filing explicitly mentions 'Election of Directors' as an item covered.
Does this filing include any information about executive compensation?
Yes, the filing covers 'Compensatory Arrangements of Certain Officers'.
What is the primary business of GE Vernova Inc.?
GE Vernova Inc. is in the business of 'ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP)'.
When did GE Vernova Inc. officially change its name from GE Vernova LLC?
The name change from GE Vernova LLC to GE Vernova Inc. occurred on October 10, 2023.
Filing Stats: 1,022 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2024-05-17 07:15:51
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share GEV New York Stock Exchange
- $140,000 — will receive an annual cash retainer of $140,000 for service on the Board, which will be
- $185,000 — cted stock units with an award value of $185,000 for service as a director . The Company
Filing Documents
- gev-20240516.htm (8-K) — 39KB
- exhibit101may162024gev8-k.htm (EX-10.1) — 41KB
- exhibit102may162024gev8-k.htm (EX-10.2) — 56KB
- exhibit103may162024gev8-k.htm (EX-10.3) — 58KB
- exhibit104may162024gev8-k.htm (EX-10.4) — 52KB
- exhibit99may162024gev8-k.htm (EX-99) — 10KB
- geveronaa.jpg (GRAPHIC) — 5KB
- 0001996810-24-000011.txt ( ) — 436KB
- gev-20240516.xsd (EX-101.SCH) — 2KB
- gev-20240516_lab.xml (EX-101.LAB) — 21KB
- gev-20240516_pre.xml (EX-101.PRE) — 12KB
- gev-20240516_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. The forms of award agreements approved by the Company's Compensation Committee for awards under the GE Vernova Inc. 2024 Long-Term Incentive Plan to the Company's directors and executive officers are attached as Exhibits 10.1, 10.2, 10.3 and 10.4 hereto. The GE Vernova Inc. 2024 Long-Term Incentive Plan was previously filed as Exhibit 10.1 to the Company's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on April 3, 2024.
01 Exhibits
Item 9.01 Exhibits. (d) Exhibits Exhibit Description 10.1 Form of Agreement for Restricted Stock Unit Grants to Nonemployee Directors under the Company's 2024 Long-Term Incentive Plan, as of May 2024+* 10.2 Form of Agreement for Restricted Stock Unit Grants for Employees at or above Executive Director level under the Company's 2024 Long-Term Incentive Plan, as of May 2024 (filed herewith)+* 10.3 Form of Agreement for Stock Option Grants for Employees at or above Executive Director level under the Company's 2024 Long-Term Incentive Plan, as of May 2024 (filed herewith)+* 10.4 Form of Agreement for Performance Stock Unit Grants for Employees at or above Executive Director level under the Company's 2024 Long-Term Incentive Plan, as of May 2024 (filed herewith)+* 99 Press release, dated May 17, 2024, issued by GE Vernova Inc. 104 The cover page of this Current report on Form 8-K formatted as Inline XBRL. + Certain schedules and exhibits to this agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Commission upon its request. * Management contract or compensatory plan or arrangement.
SIGNATURES
SIGNATURES 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. GE Vernova Inc. (Registrant) Date: May 17, 2024 /s/ Rachel Gonzalez Rachel Gonzalez General Counsel