secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0000950142-22-002674
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion declares $0.17 cash dividend on Series A Preferred, paying in cash instead of PIK
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- Quarterly cash dividend of $0.17 per share on Series A Cumulative Convertible Preferred Stock.
- Dividend payable October 3, 2022 to holders of record September 23, 2022.
- Third quarter dividend paid in cash instead of allowing it to accrete; reduces compounding and future dilution.
- CEO cites consistent cash generation and full repayment of Series B preferred as enabling this move.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000095014222002674/0000950142-22-002674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000095014222002674/eh220284750_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-002674

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