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Form 8-K · Current Report · Filed 2024-10-09

General Motors Updates Corporate Governance

On October 4, 2024, General Motors updated its Bylaws to remove the requirement for shareholder nominees to provide an irrevocable resignation letter under certain conditions.

Filer
General Motors Co. GM · NYSE
Filed
Accession
0001193125-24-235250
CIK
0001467858
Signal
Medium impactConsumer Cyclical

Details

These changes became effective immediately.

Items reported

Item 5.03

Amendments to Articles of Incorporation or Bylaws

Bylaw Amendment
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$46.01

Next session

+3.7%

Since filing

+93.1%

Latest close

$88.86

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from GM reporting the same item, with the next session's move:

Exhibits (2)

About General Motors Co.

General Motors Co. is a prominent American multinational corporation specializing in the design, manufacturing, and distribution of vehicles and vehicle parts. Primarily known for its influential brands such as Chevrolet, Buick, GMC, and Cadillac, General Motors plays a vital role in the automotive industry worldwide. The company is headquartered in Detroit, Michigan, and operates numerous production facilities across North America and various parts of the globe. A key characteristic of General Motors is its focus on advancing automotive innovation, including the development of electric and autonomous vehicles. The company is at the forefront of the transition towards sustainable transportation solutions, contributing to broader industry efforts to reduce carbon emissions. Besides its commitment to innovation, General Motors Co. plays a significant role in the global automotive supply chain, influencing multiple related sectors such as technology, steel, and consumer finance. General Motors continues to be a crucial player in the automotive sector, impacting economies and mobility solutions worldwide with its comprehensive range of vehicles and forward-thinking approaches.

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