UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) January 14, 2014
___________________
GENERAL MOTORS COMPANY
(Exact Name of Registrant as Specified in its Charter)
___________________
DELAWARE (State or other jurisdiction of incorporation) | 001-34960 (Commission File Number) | 27-0756180 (I.R.S. Employer Identification No.) | |
300 Renaissance Center, Detroit, Michigan (Address of Principal Executive Offices) | 48265-3000 (Zip Code) | ||
(313) 556-5000
(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)) | |
TABLE OF CONTENTS
ITEM 8.01 Other Events
ITEM 9.01 Financial Statements and Exhibits
Signature
Index to Exhibits
Press Release
ITEM 8.01 Other Events
On January 14, 2014 the Board of Directors of General Motors Company (the Company) declared a quarterly dividend of 30 cents per share on its common stock payable March 28, 2014 to all common stockholders of record as of March 18, 2014. This represents the first dividend declaration on the Company's common stock. The Press Release related thereto is attached as Exhibit 99.1.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits.
EXHIBITS
Exhibit | Description | Method of Filing |
Exhibit 99.1 | Press Release Dated January 14, 2014 | Attached as Exhibit |
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/ THOMAS S. TIMKO | ||
Date: January 15, 2014 | By: | Thomas S. Timko Vice President, Controller and Chief Accounting Officer |
Exhibit 99.1
For Release: Tuesday, Jan. 14, 2014, 4:30 p.m. EST
GM Declares 30 Cents Per Share Quarterly
Common Stock Dividend
Fortress balance sheet, consistent business results support dividend
DETROIT - General Motors Co. (NYSE: GM) Board of Directors today declared a quarterly dividend of 30 cents per share on its common stock. The dividend is payable March 28, 2014 to all common stockholders of record as of March 18, 2014.
“Today’s General Motors is designing high-quality, world-class vehicles for our customers and delivering consistently solid financial results,” said Dan Akerson, GM chairman and CEO. “The board understands that our investors should share in this success and is pleased to announce a quarterly dividend for our common stockholders.”
According to Dan Ammann, GM executive vice president and chief financial officer: “Our fortress balance sheet, substantial liquidity, consistent earnings and strong cash flow provide the foundation for an ongoing payout. This return to shareholders is consistent with our capital priorities and is an important signal of confidence in our plans for a continuing profitable future.” Ammann will become GM President effective Wednesday (Jan. 15, 2014).
Through the third quarter of 2013, GM achieved 15 straight profitable quarters in which it generated $16.3 billion in adjusted automotive free cash flow. As of Sept. 30, 2013, the company had total automotive liquidity of $37.3 billion and $8.4 billion of automotive debt.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
# # #
CONTACTS:
Tom Henderson
GM Financial Communications
313-410-2704
tom.e.henderson@gm.com
Dave Roman
GM Financial Communications
313-498-1735dave.roman@gm.com
Forward-Looking Statements
In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ
materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate financing sources, including as required to fund our planned significant investment in new technology; our ability to successfully integrate Ally Financial’s international operations; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; overall strength and stability of our markets, particularly Europe; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provide information about these and other factors, which we may revise or supplement in future reports to the SEC.