Garrett Motion amends Series B terms, plans $213M partial redemption, defers put option to Dec 2022

Garrett Motion Inc.

Partial redemption of Series B Preferred Stock in Q1 2022 for ~$213M; remaining present value ~$400M.
Series B put option deferred to at least Dec 31, 2022, improving capital flexibility.
Scheduled $34.8M annual redemption payment on April 30, 2022 remains unchanged.
Tina Pierce replaces Darius Adamczyk as Honeywell designee on Board, effective Sept 30, 2021.
Series A Preferred Stock (GTXAP) begins trading on Nasdaq on Oct 1, 2021.

item 3.03 item 5.03 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Tina Pierce

Director

GTX · Garrett Motion Inc.

Effective: 2021-09-30
Filed: October 1, 2021, 7:59 PM ET

Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce

Departed

Darius Adamczyk

Director

GTX · Garrett Motion Inc.

Effective: 2021-09-30
Successor: Tina Pierce
Filed: October 1, 2021, 7:59 PM ET

Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tina Pierce was appointed as Director at Garrett Motion Inc..

Action: appointed
Role: Director

Exact text from the filing

Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Darius Adamczyk departed as Director at Garrett Motion Inc..

Action: replaced
Role: Director

Exact text from the filing

Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce

View on SEC.gov

Garrett Motion Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-288673

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