8-KLeadership ChangesOther EventsExhibits & Filings

General Motors Co 8-K Report, Executive Changes (Apr 22, 2016)

Filed April 22, 2016For Securities:GM

Summary

General Motors (GM) filed an 8-K on April 22, 2016, primarily announcing changes to its Board of Directors. Stephen J. Girsky, a director since 2009, will retire and not seek re-election at the upcoming June 7, 2016, Annual Meeting of Shareholders. This departure marks the end of his tenure on the board. In conjunction with this, the Board has nominated Jane L. Mendillo, former CEO of Harvard Management Company, to join the board. Ms. Mendillo is slated to be an independent director and her nomination will be included in the definitive proxy statement. Investors should note this filing is considered solicitation material for the upcoming annual meeting, and a detailed proxy statement with further information will be filed separately. Shareholders are urged to review this proxy statement for comprehensive details regarding director nominees and company matters.

Key Highlights

  • 1Director Stephen J. Girsky to retire and not stand for re-election at the 2016 Annual Meeting of Shareholders.
  • 2Jane L. Mendillo nominated to join the Board of Directors as an independent director.
  • 3Ms. Mendillo's nomination is intended to be included in the company's definitive proxy statement for the 2016 Annual Meeting.
  • 4The 8-K filing is considered solicitation material for the upcoming annual meeting.
  • 5A detailed proxy statement will be filed separately with important information for shareholders.
  • 6Shareholders are strongly encouraged to read the upcoming proxy statement and other relevant filings.
  • 7Ms. Mendillo, if elected, will be an independent director per company bylaws and NYSE standards.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce changes to General Motors' Board of Directors, specifically the retirement of director Stephen J. Girsky and the nomination of Jane L. Mendillo to the board.

Jane L. Mendillo is the retired President and Chief Executive Officer of Harvard Management Company. She has been nominated by the Board to serve as an independent director, bringing her extensive financial and leadership experience to the board.

A definitive proxy statement, containing detailed information about the director nominations, including Ms. Mendillo, and other matters for the 2016 Annual Meeting, will be filed with the SEC and made available to shareholders. Shareholders are urged to read this document when it becomes available.

This designation means the filing is part of the process of soliciting proxy votes from shareholders for the upcoming Annual Meeting. The company will be providing further, more detailed information in its official proxy statement.