8-K
Garrett Motion Inc. (GTX)
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UNITED STATES
SECURITIES AND EXCHANGECOMMISSION
Washington, D.C.20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13or 15(d)
of the SecuritiesExchange Act of 1934
Date of Report(Date of earliest event reported): May 22, 2025
GARRETT MOTION INC.
(Exact name of Registrant as specified in its charter)
| Delaware | 1-38636 | 82-4873189 |
|---|---|---|
| (State or other jurisdiction of<br><br> <br>incorporation) | (Commission<br><br> <br>File Number) | (I.R.S. Employer<br><br> <br>Identification Number) |
47548 Halyard Drive, Plymouth, MI 48170
and
La Pièce 16, 1180 Rolle, Switzerland
(Address of principal executive offices) (Zip Code)
+1 734 392 5500
and
+41 21 695 30 00
(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<br><br> <br>Symbol(s) | Name of each exchange<br><br> <br>on which registered |
|---|---|---|
| Common<br> Stock, $0.001 par value per share | GTX | The<br> Nasdaq Stock Market LLC |
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. |
|---|
On May 22, 2025, Garrett Motion Inc. (the “Company”) held its 2025 Annual Meeting of Shareholders (the “Annual Meeting”). The voting results for the proposals considered and voted upon at the Annual Meeting, each of which were described in the Company’s Definitive Proxy Statement for the Annual Meeting, filed with the Securities and Exchange Commission on April 9, 2025 (the “Proxy Statement), are as follows:
Item 1 - Election of nine directors for a term of office expiring onthe date of the Company’s 2026 Annual Meeting of Shareholders.
| NOMINEE | Votes<br><br>FOR | Votes<br><br>AGAINST | Votes<br><br>ABSTAINED | Broker<br><br>Non-Votes |
|---|---|---|---|---|
| Daniel Ninivaggi | 173,435,160 | 996,802 | 737,553 | 14,184,337 |
| Paul Camuti | 173,227,680 | 1,201,518 | 740,317 | 14,184,337 |
| Joachim Drees | 174,095,213 | 338,480 | 735,822 | 14,184,337 |
| Kevin Mahony | 172,987,353 | 1,444,830 | 737,332 | 14,184,337 |
| D’aun Norman | 173,468,973 | 960,111 | 740,431 | 14,184,337 |
| Olivier Rabiller | 174,184,031 | 265,775 | 719,709 | 14,184,337 |
| Robert Shanks | 174,540,348 | 321,682 | 307,485 | 14,184,337 |
| Julia Steyn | 174,143,567 | 291,309 | 734,639 | 14,184,337 |
| Steven Tesoriere | 173,937,195 | 495,120 | 737,200 | 14,184,337 |
Item 2 - Ratification of the appointment of Deloitte SA as the Company’sindependent registered public accounting firm for the year ending December 31, 2025.
| Votes<br><br>FOR | Votes<br><br>AGAINST | Votes<br><br>ABSTAINED | Broker Non- <br><br>Votes |
|---|---|---|---|
| 189,250,550 | 66,173 | 37,129 | N/A |
Item 3 - Approval, on an advisory (non-binding) basis, of the compensationof the Company’s named executive officers as disclosed in the Proxy Statement.
| Votes<br><br>FOR | Votes<br><br>AGAINST | Votes<br><br>ABSTAINED | Broker Non- <br><br>Votes |
|---|---|---|---|
| 173,081,104 | 1,128,884 | 959,527 | 14,184,337 |
Item 4 – Approval, on an advisory (non-binding) basis, of thefrequency of future advisory votes on the compensation of the Company’s named executive officers.
| Votes for<br><br>ONE YEAR | Votes for<br><br> <br>TWO YEARS | Votes for<br><br> <br>THREE YEARS | Votes<br><br> <br>ABSTAINED | Broker Non- <br><br>Votes |
|---|---|---|---|---|
| 173,647,881 | 26,251 | 742,169 | 753,214 | 14,184,337 |
Based on the foregoing votes, the director nominees named above were elected, Items 2 and 3 were approved, and shareholders approved the recommendation of the Company’s Board of Directors (the “Board”) to hold future advisory votes on the compensation of the Company’s named executive officers every year. The Talent Management and Compensation Committee of the Board has determined to hold future advisory votes on the compensation of the Company’s named executive officers every year.
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.
| GARRETT MOTION INC. | ||
|---|---|---|
| By: | /s/ Jerome P. Maironi | |
| Name: | Jerome P. Maironi | |
| Title: | Senior Vice President, General Counsel and Corporate Secretary |
Date: May 29, 2025