UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01 Other Events.
On August 16, 2022, the Board of Directors (the “Board”) of General Motors Company (the “Company”) authorized a quarterly dividend of $0.09 per share on the Company’s common stock, and on August 18, 2022, declared the first of such quarterly dividends payable on September 15, 2022, to all common stockholders of record as of the close of trading on August 31, 2022.
In addition, on August 19, 2022, the Company announced that it intends to opportunistically resume share repurchases under its share repurchase program. On August 16, 2022, the Board increased the capacity under the Company’s existing share repurchase program to $5.0 billion, up from the $3.3 billion previously remaining under the program.
A copy of the press release relating to these matters is attached as Exhibit 99.1 hereto.
Cautionary Note on Forward-Looking Statements: This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and represent our current judgment about possible future events. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results, and our actual result may differ materially due to a variety of important factors, many of which are described in our Annual Report on Form 10-K and our subsequent filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where we are expressly required to do so by law.
Item 9.01 Financial Statements and Exhibits
| Exhibit |
Description | |
| 99.1 | Press Release issued by General Motors Company, dated August 19, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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/ John S. Kim | |||||
| Date: August 19, 2022 | John S. Kim Assistant Corporate Secretary | |||||