GENERAL ELECTRIC CO entered into Transition Services Agreement with GE HealthCare.
“the Company entered into several agreements with GE HealthCare on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with GE HealthCare after the Spin-Off, including the following agreements: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Matters Agreement; • an Employee Matters Agreement; • a Trademark License Agreement; • a Real Estate Matters Agreement; and • a Stockholder and Registration Rights Agreement.”
Material Agreements
GENERAL ELECTRIC CO entered into Separation and Distribution Agreement with GE HealthCare.
“the Company entered into several agreements with GE HealthCare on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with GE HealthCare after the Spin-Off, including the following agreements: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Matters Agreement; • an Employee Matters Agreement; • a Trademark License Agreement; • a Real Estate Matters Agreement; and • a Stockholder and Registration Rights Agreement.”
Tomislav Mihaljevic resigned as Director at GENERAL ELECTRIC CO.
“GE directors Risa Lavizzo-Mourey and Tomislav Mihaljevic agreed that Dr. Lavizzo-Mourey and Dr. Mihaljevic would resign from the GE Board effective January 3, 2023”
Risa Lavizzo-Mourey resigned as Director at GENERAL ELECTRIC CO.
“GE directors Risa Lavizzo-Mourey and Tomislav Mihaljevic agreed that Dr. Lavizzo-Mourey and Dr. Mihaljevic would resign from the GE Board effective January 3, 2023”
Debt Financings
GENERAL ELECTRIC CO incurred term loan of $2.0 billion with Citibank, N.A., as administrative agent at an alternate base rate or an adjusted term SOFR rate for a one-, three- or six-m maturing three years after its Effective Date.
“a three-year senior unsecured term loan credit facility (the “Term Loan Facility” and, together with the Revolving Credit Facilities, the “Credit Facilities”), in an aggregate principal amount of $2.0 billion”
Debt Financings
GENERAL ELECTRIC CO incurred revolving credit of $1.0 billion with Citibank, N.A., as administrative agent at an alternate base rate or an adjusted term SOFR rate for a one-, three- or six-m maturing 364 days after its Effective Date.
“a 364-day senior unsecured revolving facility (the “364-Day Revolving Credit Facility” and, together with the 5-Year Revolving Credit Facility, the “Revolving Credit Facilities”) in an aggregate committed amount of $1.0 billion”
Debt Financings
GENERAL ELECTRIC CO incurred revolving credit of $2.5 billion with Citibank, N.A., as administrative agent at an alternate base rate or an adjusted term SOFR rate for a one-, three- or six-m maturing five years after its Effective Date.
“a five-year senior unsecured revolving credit facility (the “5-Year Revolving Credit Facility”) in an aggregate committed amount of $2.5 billion”
Material Agreements
GENERAL ELECTRIC CO entered into Separation and Distribution Agreement with GE Healthcare Holding LLC (effective 2022-11-07).
“On November 7, 2022, General Electric Company (“GE”) and GE Healthcare Holding LLC (“GEHC”), a wholly owned subsidiary of GE, entered into a Separation and Distribution Agreement (the “Separation and Distribution Agreement”).”
Russell Stokes was named as President and CEO, Commercial Engines and Services at GENERAL ELECTRIC CO.
“GE also announced that Russell Stokes, current Senior Vice President, GE and President and CEO of GE Aviation Services, has been named President and CEO, Commercial Engines and Services, effective immediately.”
John Slattery was named as Executive Vice President and Chief Commercial Officer at GENERAL ELECTRIC CO.
“John Slattery, current President and CEO of GE Aviation, has been named Executive Vice President and Chief Commercial Officer of the business, effective immediately.”
H. Lawrence Culp, Jr. was appointed as Chief Executive Officer of GE Aviation at GENERAL ELECTRIC CO.
“On June 27, 2022, General Electric Company (“GE”) announced that H. Lawrence Culp, Jr. will serve as Chief Executive Officer of GE Aviation, effective immediately, in addition to his current role as Chairman and CEO of GE.”
James Tisch departed as Director at GENERAL ELECTRIC CO.
“James Tisch will not stand for reelection at the Company's 2022 Annual Meeting of Shareholders.”
Tomislav Mihaljevic was elected as Director at GENERAL ELECTRIC CO.
“On March 6, 2022, the Board of Directors (the "Board") of General Electric Company ("GE" or the "Company") elected Stephen F. Angel, Isabella D. Goren and Tomislav Mihaljevic to the Board, effective March 7, 2022 for Mr. Angel and Ms. Goren and April 11, 2022 for Dr. Mihaljevic.”
Isabella D. Goren was elected as Director at GENERAL ELECTRIC CO.
“On March 6, 2022, the Board of Directors (the "Board") of General Electric Company ("GE" or the "Company") elected Stephen F. Angel, Isabella D. Goren and Tomislav Mihaljevic to the Board, effective March 7, 2022 for Mr. Angel and Ms. Goren and April 11, 2022 for Dr. Mihaljevic.”
Stephen F. Angel was elected as Director at GENERAL ELECTRIC CO.
“On March 6, 2022, the Board of Directors (the "Board") of General Electric Company ("GE" or the "Company") elected Stephen F. Angel, Isabella D. Goren and Tomislav Mihaljevic to the Board, effective March 7, 2022 for Mr. Angel and Ms. Goren and April 11, 2022 for Dr. Mihaljevic.”
Kieran P. Murphy departed as President and Chief Executive Officer of GE Healthcare at GENERAL ELECTRIC CO.
“Kieran P. Murphy will no longer serve as President and Chief Executive Officer of GE Healthcare after December 31, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.