--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-084048" form_type: "8-K" ticker: "GEV" cik: "0001996810" company_name: "GE Vernova Inc." filed_at: "2024-04-02T23:59:59+00:00" generated_at: "2026-06-04T04:06:38.247708+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # GE Vernova finalizes separation agreements and $6B credit facilities for spin-off ## Summary - Completed spin-off from GE on April 2, 2024; stockholders received 1 share of GEV per 4 GE shares held on March 19, 2024. - Entered into Separation, Transition Services, Tax Matters, Employee Matters, Trademark License, Real Estate Matters, and Framework Investment Agreements with GE. - Closed $6.0B credit facilities: $3.0B revolving credit facility and $3.0B trade finance facility, both maturing April 2029. - Tax Matters Agreement requires GEV to indemnify GE if spin-off fails tax-free status; restricts share issuances, M&A, and asset sales for two years. - GE retains up to $2.0B in US onshore wind tax equity investments; must sell to third parties by end of 2028. ## SEC filing metadata - accession: 0001193125-24-084048 - form_type: 8-K - ticker: GEV - cik: 0001996810 - company_name: GE Vernova Inc. - filed_at: 2024-04-02T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 2.03, 3.03, 5.03, 5.01, 5.02, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/d807682d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-084048 - JSON: https://secwatch.observer/filing/0001193125-24-084048.json - Plain text: https://secwatch.observer/filing/0001193125-24-084048.txt ## Key facts - Executive change Giglietti was removed as Director at GE Vernova Inc.. - Action: removed - Role: Director source text: Mr. Phillips and Mr. Giglietti were removed from the Board immediately prior to the consummation of the Spin-Off. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Stephen Angel was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change John R. Phillips, III was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: On March 27, 2024, the sole manager of the Board of GE Vernova LLC appointed Stephen Angel and John R. Phillips, III to serve as managers of the Board, increasing the size of the Board from one manager to three managers, effective as of March 27, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Stephen Angel was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: On March 27, 2024, the sole manager of the Board of GE Vernova LLC appointed Stephen Angel and John R. Phillips, III to serve as managers of the Board, increasing the size of the Board from one manager to three managers, effective as of March 27, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Scott Strazik was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change John R. Phillips, III was removed as Director at GE Vernova Inc.. - Action: removed - Role: Director source text: Mr. Phillips and Mr. Giglietti were removed from the Board immediately prior to the consummation of the Spin-Off. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Arnold Donald was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Jesus Malave was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Nicholas Akins was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Paula Rosput Reynolds was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Kim Rucker was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Stephen Angel was appointed as Non-Executive Chair at GE Vernova Inc.. - Action: appointed - Role: Non-Executive Chair source text: As of and following the effective time of the Spin-Off, Mr. Angel will continue to serve as a member of the Board and the Nominating and Governance Committee and will serve as our non-executive chair. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm - Executive change Matthew Harris was appointed as Director at GE Vernova Inc.. - Action: appointed - Role: Director source text: Stephen Angel, Arnold Donald, and Jesus Malave will serve as Class I directors, Matthew Harris and Paula Rosput Reynolds will serve as Class II directors, and Nicholas Akins, Kim Rucker, and Scott Strazik will serve as Class III directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1996810/000119312524084048/0001193125-24-084048-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.