{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-284798","form_type":"8-K","ticker":"GM","cik":"0001467858","company_name":"General Motors Co","filed_at":"2023-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.152869+00:00","generated_at":"2026-06-07T20:15:51.540374+00:00","sec_items":["1.01","1.02","2.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"GM reinstates 2023 guidance with strike impact, announces $10B share repurchase and 33% dividend increase","bullets":["Reinstated 2023 EBIT-adjusted guidance of $11.7B-$12.7B, down from prior $12.0B-$14.0B due to $1.1B UAW strike impact.","Announced $10.0B accelerated share repurchase (ASR) program; initial delivery and retirement of $6.8B in common stock.","Plans to increase quarterly common dividend by $0.03 (33%) to $0.12 per share starting in Q1 2024.","Entered new $3.0B 364-day delayed draw term loan credit agreement; terminated existing $6.0B revolving credit facility.","Board authorized increase in share repurchase program to $11.4B total; expects $1.4B remaining capacity after ASR."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-284798","json":"https://secwatch.observer/filing/0001193125-23-284798.json","markdown":"https://secwatch.observer/filing/0001193125-23-284798.md","text":"https://secwatch.observer/filing/0001193125-23-284798.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1467858/000119312523284798/0001193125-23-284798-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1467858/000119312523284798/d613794d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T20:15:51.540374+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"900deba7819f84d3db11e99f1dd13fc09e62167d","claim":"General Motors Co incurred credit facility of $3 billion with Bank of America at Term SOFR loans, Daily Simple SOFR loans or an alternative base rate, each subje maturing November 27, 2024.","evidence_excerpt":"period that lasts until June 28, 2024. Amounts repaid under the Credit Agreement may not be reborrowed and the aggregate amount of all loans outstanding may not exceed $3 billion. The final maturity date for any loans outstanding under the Credit Agreement is November 27, 2024. Interest rates on obligations under the Credit Agreement are based on","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1467858/000119312523284798/0001193125-23-284798-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$3 billion"},{"label":"Counterparty","value":"Bank of America"},{"label":"Rate","value":"Term SOFR loans, Daily Simple SOFR loans or an alternative base rate, each subje"},{"label":"Maturity","value":"November 27, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"316160b2612344793b3485e69c0ed4e15934c26a","claim":"General Motors Co terminated October Facility with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders named therein valued at $6.0 billion (effective 2023-11-24).","evidence_excerpt":"On November 24, 2023, the Company terminated its $6.0 billion 364-Day Revolving Credit Agreement, dated as of October 3, 2023, with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders named therein (the “October Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1467858/000119312523284798/0001193125-23-284798-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders named therein"},{"label":"Value","value":"$6.0 billion"},{"label":"Effective","value":"2023-11-24"}],"fact_type":"material_agreement"},{"claim_id":"d5e76042c083cb8e9a465c78a7b9fab151a6d6b2","claim":"General Motors Co entered into ASR Agreements with Bank of America, N.A., Goldman Sachs & Co. LLC, Barclays Bank PLC, and Citibank, N.A. valued at $10.0 billion (effective 2023-11-29).","evidence_excerpt":"On November 29, 2023, General Motors Company (the “Company” or “GM”) entered into a master confirmation (each a “Master Confirmation”) and supplemental confirmation (together with the related Master Confirmation, collectively, the “ASR Agreements”), with each of Bank of America, N.A. (“Bank of America”), Goldman Sachs & Co. LLC (“Goldman Sachs”), Barclays Bank PLC (“Barclays”), and Citibank, N.A. (“Citibank” and, collectively with Bank of America, Goldman Sachs, and Barclays, the “Counterparties”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1467858/000119312523284798/0001193125-23-284798-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Bank of America, N.A., Goldman Sachs & Co. LLC, Barclays Bank PLC, and Citibank, N.A."},{"label":"Value","value":"$10.0 billion"},{"label":"Effective","value":"2023-11-29"}],"fact_type":"material_agreement"},{"claim_id":"dde6d129c4a2f3b4f0d833dad006648006f3fc56","claim":"General Motors Co entered into Credit Agreement with Bank of America, as administrative agent, and the other lenders named therein valued at $3 billion (effective 2023-11-29).","evidence_excerpt":"On November 29, 2023, the Company entered into a 364-Day Delayed Draw Term Loan Credit Agreement (the “Credit Agreement”) with Bank of America, as administrative agent, and the other lenders named therein.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1467858/000119312523284798/0001193125-23-284798-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, as administrative agent, and the other lenders named therein"},{"label":"Value","value":"$3 billion"},{"label":"Effective","value":"2023-11-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}