---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-001759"
form_type: "8-K"
ticker: "GTX"
cik: "0001735707"
company_name: "Garrett Motion Inc."
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T20:08:11.501032+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Garrett Motion completes Series A Preferred conversion; pays $25.3M cash and 18.3M shares

## Summary
- Final conversion of all Series A Preferred Stock to Common Stock completed on June 20, 2023.
- Aggregate additional payment: $25,315,149 in cash and 18,301,481 shares of Common Stock.
- On June 5, 2023, repurchased ~$570M of Series A Preferred from Centerbridge and Oaktree; paid $10.1M cash and 7.3M shares.
- Common shares outstanding post-transactions: approximately 265,574,498.

## SEC filing metadata
- accession: 0000950142-23-001759
- form_type: 8-K
- ticker: GTX
- cik: 0001735707
- company_name: Garrett Motion Inc.
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1735707/000095014223001759/0000950142-23-001759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735707/000095014223001759/eh230370907_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-001759
- JSON: https://secwatch.observer/filing/0000950142-23-001759.json
- Plain text: https://secwatch.observer/filing/0000950142-23-001759.txt

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