---
schema_version: "secwatch.filing_event.v1"
accession: "0000040545-23-000025"
form_type: "8-K"
ticker: "GE"
cik: "0000040545"
company_name: "GENERAL ELECTRIC CO"
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:55:06.913300+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GE redeems $3B of preferred stock, expects $100M annual savings

## Summary
- GE redeemed 3,000,000 shares of Series D Preferred Stock at $1,000/share on March 15, 2023.
- Expected net annual savings of approximately $0.1 billion from reduced dividend payments.
- Dividends on redeemed shares ceased after March 15; regular dividends paid separately.
- Redemption funded from cash on hand; foregone earnings partially offset the savings.

## SEC filing metadata
- accession: 0000040545-23-000025
- form_type: 8-K
- ticker: GE
- cik: 0000040545
- company_name: GENERAL ELECTRIC CO
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40545/000004054523000025/0000040545-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40545/000004054523000025/ge-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000040545-23-000025
- JSON: https://secwatch.observer/filing/0000040545-23-000025.json
- Plain text: https://secwatch.observer/filing/0000040545-23-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.