---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-22-002024"
form_type: "8-K"
ticker: "GTX"
cik: "0001735707"
company_name: "Garrett Motion Inc."
filed_at: "2022-06-28T23:59:59+00:00"
generated_at: "2026-06-24T22:42:24.067174+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Garrett Motion redeems $212M Series B Preferred Stock early, triggering director change

## Summary
- Garrett Motion redeemed all remaining Series B Preferred Stock for $212M on June 28, 2022, using cash on hand.
- Redemption caused Honeywell nominee Tina Pierce to resign from the board; she was immediately re-elected as a director.
- CEO Olivier Rabiller cited strong cash flow and a deleveraging milestone despite volatile environment.
- Company previously redeemed $211M in Q4 2021 and $197M in Q1 2022, eliminating all Series B shares.
- Honeywell CEO Darius Adamczyk expressed pleasure with the early redemption and wished Garrett continued success.

## SEC filing metadata
- accession: 0000950142-22-002024
- form_type: 8-K
- ticker: GTX
- cik: 0001735707
- company_name: Garrett Motion Inc.
- filed_at: 2022-06-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1735707/000095014222002024/0000950142-22-002024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735707/000095014222002024/eh220265627_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-22-002024
- JSON: https://secwatch.observer/filing/0000950142-22-002024.json
- Plain text: https://secwatch.observer/filing/0000950142-22-002024.txt

## Key facts
- Executive change
  Tina Pierce was appointed as Director at Garrett Motion Inc..
  - Action: re-elected
  - Role: Director
  source text: On June 23, 2022, the Board re-elected Ms. Pierce as a director of the Company effective immediately following the Deemed Resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735707/000095014222002024/0000950142-22-002024-index.htm

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