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)
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