General Motors Company
8-K on 06/18/2020   Download
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General Motors Co DE false 0001467858 0001467858 2020-06-16 2020-06-16

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549-1004

 

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) June 16, 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 5.07. Submission of Matters to a Vote of Security Holders.

(a) General Motors Company (“GM”) held its 2020 Annual Meeting of Shareholders on June 16, 2020.

(b) GM shareholders voted on the matters set forth below, with final voting results indicated. For the election of Directors, each nominee who received a majority of votes cast (i.e., votes for exceeded votes against, with abstentions having no effect) was elected as a Director. All other items were approved if the number of shares voted for exceeded the number of shares voted against, with abstentions counted as votes against.

(1)    Election of Directors. GM’s shareholders elected the Board’s nominees for one-year terms:

Director

 

Votes For

   

%

   

Votes Against

   

Abstentions

   

Broker Non-Votes

 

Mary T. Barra

   

1,067,145,794

     

96.6

     

38,050,531

     

6,538,068

     

136,963,862

 

Theodore M. Solso

   

1,099,846,515

     

99.1

     

10,461,105

     

1,426,768

     

136,963,862

 

Wesley G. Bush

   

1,106,865,019

     

99.7

     

3,465,790

     

1,403,579

     

136,963,862

 

Linda R. Gooden

   

1,107,069,657

     

99.7

     

3,303,055

     

1,361,676

     

136,963,862

 

Joseph Jimenez

   

1,103,340,247

     

99.4

     

6,983,171

     

1,410,970

     

136,963,862

 

Jane L. Mendillo

   

1,009,892,040

     

99.1

     

10,459,328

     

1,383,020

     

136,963,862

 

Judith A. Miscik

   

1,106,573,782

     

99.7

     

3,768,625

     

1,391,981

     

136,963,862

 

Patricia F. Russo

   

1,026,251,380

     

93.0

     

77,064,001

     

8,419,007

     

136,963,862

 

Thomas M. Schoewe

   

1,107,006,448

     

99.7

     

3,286,458

     

1,441,482

     

136,963,862

 

Carol M. Stephenson

   

1,093,055,144

     

98.4

     

17,217,923

     

1,407,321

     

136,963,862

 

Devin N. Wenig

   

1,106,969,147

     

99.7

     

3,326,166

     

1,439,075

     

136,963,862

 

(2)    Board Proposal to Approve, on an Advisory Basis, Named Executive Officer Compensation. GM’s shareholders approved, by advisory vote, the compensation of GM’s named executive officers.

 

   

%

 

Votes For

   

1,072,403,797

     

96.5

 

Votes Against

   

36,707,477

     

3.3

 

Abstentions

   

2,623,114

     

 

Broker Non-Votes

   

136,963,862

     

 

(3)    Board Proposal to Approve, on an Advisory Basis, the Frequency of Future Advisory Votes on Named Executive Officer Compensation. GM’s shareholders, by advisory vote, approved the Board’s recommendation to hold future advisory votes on named executive officer compensation every year.

 

   

%

 

Votes For 1 Year

   

1,081,196,222

     

97.3

 

Votes For 2 Years

   

1,055,846

     

0.1

 

Votes For 3 Years

   

27,122,835

     

2.4

 

Abstentions

   

2,359,485

     

 

Broker Non-Votes

   

136,963,862

     

 

(4)    Board Proposal to Ratify the Selection of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for 2020. GM’s shareholders ratified the appointment of Ernst & Young LLP as GM’s independent registered public accounting firm for 2020.

 

   

%

 

Votes For

   

1,241,798,078

     

99.4

 

Votes Against

   

4,926,050

     

0.4

 

Abstentions

   

1,974,112

     

 


Broker Non-Votes    Brokers were permitted to cast shareholder non-votes (i.e., uninstructed shares) at their discretion on this proposal item and such non-votes are reflected in the votes for or against or abstentions.

(5)    Board Proposal to Approve the General Motors Company 2020 Long-Term Incentive Plan. GM’s shareholders approved General Motors Company 2020 Long-Term Incentive Plan.

 

   

%

 

Votes For

   

1,073,000,872

     

96.5

 

Votes Against

   

36,890,351

     

3.4

 

Abstentions

   

1,843,165

     

 

Broker Non-Votes

   

136,963,862

     

 

(6)    Shareholder Proposal Regarding Shareholder Written Consent. GM’s shareholders did not approve the shareholder proposal regarding shareholder written consent.

 

   

%

 

Votes For

   

453,177,690

     

40.8

 

Votes Against

   

655,480,632

     

59.0

 

Abstentions

   

3,076,066

     

 

Broker Non-Votes

   

136,963,862

     

 

(7)    Shareholder Proposal to Amend the Shareholder Aggregation Limit in the Proxy Access Provision of the Company’s Bylaws. GM’s shareholders did not approve the shareholder proposal to amend the shareholder aggregation limit in the proxy access provision of the Company’s bylaws.

 

   

%

 

Votes For

   

228,230,180

     

20.5

 

Votes Against

   

879,481,488

     

79.1

 

Abstentions

   

4,022,720

     

 

Broker Non-Votes

   

136,963,862

     

 

(8)    Shareholder Proposal Regarding Human Rights Policy Implementation. GM’s shareholders did not approve the shareholder proposal regarding human rights policy implementation.

 

   

%

 

Votes For

   

340,067,942

     

30.6

 

Votes Against

   

715,980,094

     

64.4

 

Abstentions

   

55,686,352

     

 

Broker Non-Votes

   

136,963,862

     

 

(9)    Shareholder Proposal Regarding Report on Lobbying Communications and Activities. GM’s shareholders did not approve the shareholder proposal regarding lobbying communications and activities.

 

   

%

 

Votes For

   

364,474,084

     

32.8

 

Votes Against

   

735,888,033

     

66.2

 

Abstentions

   

11,372,271

     

 

Broker Non-Votes

   

136,963,862

     

 


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)

     

 

/s/ Rick E. Hansen

By:

 

Rick E. Hansen

 

Assistant General Counsel and

Corporate Secretary

Date: June 18, 2020