GENERAL ELECTRIC CO false 0000040545 0000040545 2023-05-03 2023-05-03 0000040545 us-gaap:CommonStockMember 2023-05-03 2023-05-03 0000040545 ge:A1.250NotesDue2023Member 2023-05-03 2023-05-03 0000040545 ge:A0.875NotesDue2025Member 2023-05-03 2023-05-03 0000040545 ge:A1.875NotesDue2027Member 2023-05-03 2023-05-03 0000040545 ge:A1.500NotesDue2029Member 2023-05-03 2023-05-03 0000040545 ge:A7.5GuaranteedSubordinatedNotesDue2035Member 2023-05-03 2023-05-03 0000040545 ge:A2.125NotesDue2037Member 2023-05-03 2023-05-03

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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) May 3, 2023

General Electric Company

(Exact name of registrant as specified in its charter)

 

New York

  

001-00035

  

14-0689340

(State or other jurisdiction of incorporation)  

(Commission

File Number)

  

(IRS Employer

Identification No.)

5 Necco Street, Boston, MA

      

02210

(Address of principal executive offices)     (Zip Code)

(Registrant’s telephone number, including area code) (617) 4433000

 

                                                                                                                  
   (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, par value $0.01 per share   GE   New York Stock Exchange
     
1.250% Notes due 2023   GE 23E   New York Stock Exchange
     
0.875% Notes due 2025   GE 25   New York Stock Exchange
     
1.875% Notes due 2027   GE 27E   New York Stock Exchange
     
1.500% Notes due 2029   GE 29   New York Stock Exchange
     
7 1/2% Guaranteed Subordinated Notes due 2035   GE /35   New York Stock Exchange
     
2.125% Notes due 2037   GE 37   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 pursuant to Section 13(a) of the Exchange Act.                                                                                                    ☐

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

 

  (a)

General Electric Company (“GE” or the “Company’) held its annual shareholders meeting on May 3, 2023 (the “Annual Meeting”).

(b)    At the Annual Meeting, shareholders elected all of the Company’s nominees for director; approved the advisory vote on the Company’s named executives’ compensation (“Say on Pay”); approved the holding of future advisory votes on the Company’s named executives’ compensation every year (“Say on Frequency”); and ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditor for 2023 (“Auditor Ratification”). Shareholders did not approve the shareholder proposals dealing with an independent chairman of the Board of Directors; the sale of the Company; a fiduciary carbon-emission relevance report; and a report to assess energy-related asset resilience.

Election of Directors

 

          For      Against      Abstain      Broker Non-Votes
1.   

Stephen Angel

      770,061,386        16,626,341        1,332,590      119,612,175
2.   

Sébastien Bazin

      743,009,557        43,656,258        1,354,502      119,612,175
3.   

H. Lawrence Culp, Jr.

      755,196,276        31,572,590        1,251,451      119,612,175
4.   

Edward Garden

      770,541,881        16,103,606        1,374,830      119,612,175
5.   

Isabella Goren

      780,160,878        6,577,463        1,281,976      119,612,175
6.   

Thomas Horton

      776,309,476        10,332,821        1,378,020      119,612,175
7.   

Catherine Lesjak

      776,950,044        9,807,877        1,262,396      119,612,175
8.   

Darren McDew

      781,759,215        4,866,796        1,394,306      119,612,175
9.   

Paula Rosput Reynolds

      760,305,937        26,423,185        1,291,195      119,612,175
10.   

Jessica Uhl

      782,872,187        3,879,695        1,268,435      119,612,175

Management Proposals

 

          For      Against      Abstain      Broker Non-Votes
1.   

Say on Pay

      741,712,533        43,393,287        2,914,497      119,612,175

 

          1 Year    2 Years      3 Years      Abstain    Broker Non-Votes
2.   

  Say on Frequency            

    777,208,217      1,350,910        7,616,108      1,845,082    119,612,175

 

         For      Against      Abstain      Broker Non-Votes
3.  

 Auditor Ratification

      902,238,353        3,829,529        1,564,610      0

Shareholder Proposals

 

          For      Against      Abstain      Broker Non-Votes
1.   

Independent Board Chairman

      249,696,041        536,029,783        2,294,493      119,612,175
2.   

Sale of the Company

      3,935,103        780,831,399        3,253,815      119,612,175
3.   

Fiduciary Carbon-Emission Relevance Report

      8,873,758        774,631,554        4,515,005      119,612,175
4.   

Assess Energy-Related Asset Resilience

      77,145,704        703,710,721        7,163,892      119,612,175

 

(2)

(d) A majority of the votes cast by shareholders at the Annual Meeting voted, on an advisory basis, to hold future say-on-pay votes every year. In line with this, the Board of Directors has decided that it will hold a say-on-pay vote every year until the next required say-on-pay-frequency vote, which will occur no later than the Company’s 2029 annual meeting of shareholders.

 

 

(3)

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.

 

 

General Electric Company

   
 

(Registrant)

   

Date: May 8, 2023

  

/s/ Brandon Smith

   
 

Brandon Smith

   
 

Vice President, Chief Corporate, Securities & Finance Counsel

 

(4)

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