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8-KThe WireRed Alert

Executive Change

Filed Aug 11, 2020 · 5y ago · Accession 0001193125-20-215751

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 8-K -1004     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) August 6, 2020     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.  ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) – (c) On August 6, 2020, Dhivya Suryadevara informed General Motors Company (“GM”) of her decision to step down from her position as GM’s Executive Vice President and Chief Financial Officer (“CFO”) to pursue an external opportunity. John P. Stapleton was appointed acting CFO, effective August 15, 2020. Mr. Stapleton, age 52, has served as the GM North America CFO since January 2014. He joined GM in 1990 and has held a series of finance roles with increasing responsibility in manufacturing, labor, performance improvement, and operations. GM will conduct an internal and external search for a permanent CFO. There are no arrangements or understandings between Mr. Stapleton and any other person pursuant to which he was appointed as acting CFO. Mr. Stapleton does not have any family relationship with any director or other executive officer of GM, and there are no transactions in which Mr. Stapleton has an interest requiring disclosure under Item 404(a) of Regulation S-K. In connection with Mr. Stapleton’s new duties, he received a modest increase in salary and bonus potential commensurate with his new responsibilities. In addition, on October 1, 2020, he will receive a one-time grant of $1,000,000 in performance share units under GM’s 2020 Long-Term Incentive Plan (“LTIP”). All awards made pursuant to the LTIP are subject to the terms of the plan. 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/ Rick E. Hansen Date: August 11, 2020       Rick E. Hansen       Assistant General Counsel and Corporate Secretary
Filing details
Ticker
GM
CIK
1467858
Form type
8-K
Filing date
Aug 11, 2020
Report date
Aug 6, 2020
Document
d150729d8k.htm
Size
140 KB