GM Proxy Statement Filed: Shareholder Vote Details

TL;DR

GM proxy filed - shareholders vote on company direction May 28th.

AI Summary

General Motors Co. filed a Definitive Additional Materials proxy statement on May 28, 2024. This filing is related to the company's 2024 Annual Meeting of Stockholders. The proxy statement provides detailed information for shareholders to consider when voting on various proposals.

Why It Matters

This filing is crucial for General Motors shareholders as it outlines the proposals they will vote on, impacting the company's governance and strategic direction.

Risk Assessment

Risk Level: low — This is a routine proxy filing providing information to shareholders, not indicating any immediate financial distress or significant new risks.

Key Players & Entities

• General Motors Co. (company) — Registrant
• 300 Renaissance Center, Detroit, Michigan 48265 (company) — Registrant's address
• May 28, 2024 (date) — Filing date

FAQ

From the Filing

0001193125-24-147578.txt : 20240528 0001193125-24-147578.hdr.sgml : 20240528 20240528065928 ACCESSION NUMBER: 0001193125-24-147578 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 15 FILED AS OF DATE: 20240528 DATE AS OF CHANGE: 20240528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: General Motors Co CENTRAL INDEX KEY: 0001467858 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 270756180 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34960 FILM NUMBER: 24986237 BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 313.667.1500 MAIL ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 DEFA14A 1 d812191ddefa14a.htm DEFA14A DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 ☑ Filed by the Registrant                  ☐ Filed by a Party other than the Registrant Check the appropriate box: ☐   Preliminary Proxy Statement ☐   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐   Definitive Proxy Statement ☑   Definitive Additional Materials ☐   Soliciting Material under §240.14a-12 GENERAL MOTORS COMPANY 300 Renaissance Center, Detroit, Michigan 48265 (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☑ No fee required ☐   Fee paid previously with preliminary materials ☐   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 2024 General Motors Annual Meeting of Shareholders M e e t i n g D a t e : J u n e 4 , 2 0 2 4 1 Company Overview and Executive Compensation Supplement General Motors Company (“GM” or the “Company”) is providing the following supplemental information regarding the Compensation Discussion and Analysis provided in the Company’s Proxy Statement for the 2024 Annual Meeting of Shareholders to be held on June 4, 2024. In light of the rationale and outcomes described in our Proxy Statement, and the additional information set forth in this supplement, the Board of Directors reiterates its recommendation to vote FOR the approval, in a non-binding advisory vote, of the compensation of GM’s named executive officers. 2 Purpose We pioneer the innovations that move and connect people to what matters Vision We see a world with Zero Crashes, Zero Emissions and Zero Congestion a n d o u r p e o p l e a r e t h e d r i v i n g f o r c e i n m a k i n g t h i s a r e a l i t y 3 Our Strategic Priorities Deliver a Leading Customer Experience INTERNAL ELECTRIC SOFTWARE & AUTONOMOUS COMBUSTION VEHICLES SERVICES VEHICLES ENGINE VEHICLES Refresh and optimize Launch differentiated, Leverage technology Develop safe, highly profitable ICE purpose-built portfolio to generate revenue autonomous technology portfolio to sustain with quality to achieve streams that enhance for the rideshare and market leadership profitable EVs customer experience personal AV markets 4 CY 2023 Financial Highlights $171.8B $10.1B 5.9% $7.32 Net income Net sales and revenue EPS-Diluted Net Income Margin attributable to stockholders 1 $12.4B $7.68 7.2% 3,768K Wholesale Units EPS-Diluted-Adjusted EBIT-Adj. Margin EBIT–Adj. 1 2023 EBIT adj. includes $(1.1)B estimated impact due to ~95k units of production lost caused by labor disruptions. 5 Improved Shareholder Returns Return Cash to Shareholders • Targeting consistent cash returns to shareholders • ~60% of cash flow generated i