General Electric Company (LON:GEC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
General Electric Company (“GE” or the “Company”) announced that director John J. Brennan has retired from the Company’s Board of Directors (the “Board”) after six years of service, effective December 7, 2018. In addition, the Board elected Paula Rosput Reynolds as a director to fill the resulting vacancy, effective on that date. Ms. Reynolds is the Chief Executive Officer of PreferWest, LLC, a privately held business advisory firm.
The Board has determined that Ms. Reynolds is an independent director under the New York Stock Exchange listing standards and the Company’s independence guidelines, as set forth in the Board’s Governance Principles.
Ms. Reynolds will participate in the compensation and benefit program for the Company’s independent directors, which is described on page 53 of the Company’s Proxy Statement for its Annual Meeting of Shareowners held on April 25, 2018, which was filed with the Securities and Exchange Commission on March 12, 2018.
The Board has not yet appointed Ms. Reynolds to any Board committees.
Caution Concerning Forward-Looking Statements:
This document contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see http://www.ge.com/investor-relations/disclaimer-caution-concerning-forward-looking-statements as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We do not undertake to update our forward-looking statements.
