secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL ELECTRIC CO (GE)
CIK:        0000040545
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000040545-24-000056
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

GE Board authorizes $15B share buyback, replacing prior $3B program
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- Board authorized up to $15 billion in common share repurchases, replacing the prior $3 billion 2022 authorization.
- Authorization takes effect after completion of GE Vernova spin-off; GE will then operate as GE Aerospace.
- Repurchases may be made in open market, privately negotiated, or other methods; no obligation to repurchase any amount.
- Authorization has no specified expiration date and may be amended or terminated at any time without prior notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40545/000004054524000056/0000040545-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40545/000004054524000056/ge-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000040545-24-000056

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