secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0000950142-23-001601
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion to convert all Series A Preferred into common on June 12, 2023
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- Certificate of Designations amendment effective and Series A Repurchase expected to close on June 6, 2023.
- Each Series A Preferred share converts into one share of common stock automatically at 5:00 p.m. EDT on June 12, 2023.
- Preferred holders receive $0.144375 cash plus approx. 0.104379 common shares per share as accrued dividends through Sept. 30, 2023.
- Dividend payment made on or before June 20, 2023; fractional shares settled in cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000095014223001601/0000950142-23-001601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000095014223001601/eh230365407_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001601

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