Garrett Motion Inc. shareholders approved Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers as disclosed in the Proxy Statement at the 2026-05-28 meeting.
“Item 3 - Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.”
Shareholder Votes
Garrett Motion Inc. shareholders approved Ratification of the appointment of Deloitte SA as the Company's independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-28 meeting.
“Item 2 - Ratification of the appointment of Deloitte SA as the Company’s independent registered public accounting firm for the year ending December 31, 2026.”
Shareholder Votes
Garrett Motion Inc. shareholders approved Election of eight directors for a term of office expiring on the date of the Company's 2027 Annual Meeting of Shareholders at the 2026-05-28 meeting.
“Item 1 - Election of eight directors for a term of office expiring on the date of the Company’s 2027 Annual Meeting of Shareholders.”
Material Agreements
Garrett Motion Inc. amended Amendment No. 2 with JPMorgan Chase Bank, N.A., as administrative agent (effective 2026-05-18).
“On May 18, 2026, Garrett Motion Inc. (the “Company”) entered into Amendment No. 2 (the “Second Amendment”) to that certain Amended and Restated Credit Agreement, dated as of January 30, 2025, by and among the Company, Garrett Motion Holdings Inc., Garrett LX I S.à r.l., Garrett Motion Sàrl, the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent”
Earnings Releases
Garrett Motion Inc. reported the three months ended March 31, 2026 results: revenue $985 million, net income $95 million. Guidance raised.
“Garrett Motion Reports First Quarter 2026 Financial Results, Raises 2026 Outlook First Quarter 2026 Financial Highlights • Net sales totaled $985 million, up 12% on a reported basis and 6% on a constant currency* basis vs prior year, driven by share of demand gains in passenger vehicles and strong performance in commercial vehicle off-highway and industrial • Net income totaled $95 million; Net income margin of 9.6% • Adjusted EBIT* totaled $151 million; Adjusted EBIT margin* of 15.3% • Net cash provided by operating activities totaled $98 million • Adjusted free cash flow* totaled $49 million • Raising 2026 full-year outlook”
Earnings Releases
Garrett Motion Inc. reported the three months ended March 31, 2024 results: revenue $915 million, net income $66 million. Guidance reaffirmed.
“Net sales totaled $915 million, down 6% on a reported basis and 5% at constant currency* • Net income totaled $66 million; Net income margin 7.2% • Adjusted EBITDA* totaled $151 million; Adjusted EBITDA margin* of 16.5%”
Earnings Releases
Garrett Motion Inc. reported Full Year 2024 results: revenue Net sales of $3,870 million, net income Net income of $253 million. Guidance reaffirmed.
“Full Year 2024 Outlook • Net sales of $3,870 million, flat on a reported and constant currency basis* • Net income of $253 million; Net income margin 6.5% • Adjusted EBITDA* of $620 million; Adjusted EBITDA margin* of 16.0% • Net cash provided by operating activities of $420 million • Adjusted free cash flow* of $375 million • Authorization to repurchase $350 million of Common Stock”
Earnings Releases
Garrett Motion Inc. reported financial results for the three and twelve months ended December 31, 2023.
“On February 15, 2024, Garrett Motion Inc. (the “Company”), issued a press release to report the Company’s financial results for the three and twelve months ended December 31, 2023.”
John Petry resigned as Director at Garrett Motion Inc..
“Additionally, on February 9, 2024, Mr. John Petry notified the Board of his intention to resign from the Board, including the Nominating and Governance Committee of the Board, effective immediately.”
Paul A. Camuti was appointed as Director at Garrett Motion Inc..
“On February 9, 2024, the board of directors (the “Board”) of Garrett Motion Inc. (the “Company”) announced the appointment of Mr. Paul A. Camuti to the Board.”
Governance Changes
Garrett Motion Inc.: Amended and restated the Third Amended and Restated By-laws, including changes to advance notice by-laws, proxy access by-laws, and other administrative revisions (effective 2023-12-06).
“On December 6, 2023, the board of directors (the “Board”) of Garrett Motion Inc. (the “Company”) adopted a resolution amending and restating the Third Amended and Restated By-laws of the Company effective immediately (the “By-law Amendments”).”
Earnings Releases
Garrett Motion Inc. reported the three months ended September 30, 2023 results: revenue $960 million, net income $57 million.
“Net sales totaled $960 million, up 2% on a reported basis, down 1% at constant currency”
Earnings Releases
Garrett Motion Inc. reported the three months ended June 30, 2023 results: revenue $1,011 million, net income $71 million. Guidance raised.
“Second Quarter 2023 Highlights • Net sales totaled $1,011 million, up 18% on a reported basis, up 19% at constant currency* • Net income totaled $71 million; Net income margin 7.0% • Adjusted EBITDA* totaled $170 million; Adjusted EBITDA margin* of 16.8% • Net cash provided by operating activities totaled $164 million • Adjusted free cash flow* totaled $140 million • Expected Q3 early debt repayment for $200 million • Raising outlook for 2023”
Shareholder Votes
Garrett Motion Inc. shareholders approved Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers as disclosed in the Proxy Statement at the 2023-05-24 meeting.
“Item 3 - Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers as disclosed in the Proxy Statement. Votes FOR Votes AGAINST Votes ABSTAINED Broker Non- Votes 276,222,316 754,635 838,333 17,187,997”
Shareholder Votes
Garrett Motion Inc. shareholders approved Ratification of the appointment of Deloitte SA as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-24 meeting.
“Item 2 - Ratification of the appointment of Deloitte SA as the Company’s independent registered public accounting firm for the year ending December 31, 2023. Votes FOR Votes AGAINST Votes ABSTAINED Broker Non- Votes 294,009,564 39,967 953,750 N/A”
Shareholder Votes
Garrett Motion Inc. shareholders approved Election of nine directors for a term of office expiring on the date of the Company's 2024 Annual Meeting of Stockholders at the 2023-05-24 meeting.
“Item 1 - Election of nine directors for a term of office expiring on the date of the Company’s 2024 Annual Meeting of Stockholders. NOMINEE Votes FOR Votes AGAINST Votes ABSTAINED Broker Non-Votes Daniel Ninivaggi 277,087,466 435,329 292,489 17,187,997 Kevin Mahony 276,798,225 724,542 292,517 17,187,997 D’aun Norman 277,361,571 161,851 291,862 17,187,997 John Petry 275,279,856 2,240,655 294,773 17,187,997 Tina Pierce 273,354,755 4,169,911 290,618 17,187,997 Olivier Rabiller 276,942,864 579,793 292,627 17,187,997 Robert Shanks 277,437,654 83,372 294,258 17,187,997 Julia Steyn 277,434,780 87,698 292,806 17,187,997 Steven Tesoriere 276,637,685 885,438 292,161 17,187,997”
Material Agreements
Garrett Motion Inc. amended Third Amendment to Credit Agreement with Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. valued at Incremental Term Facility of $700,000,000; Incremental Revolving Commitment increase of $95,000,000 (effective 2022-04-27).
“Item 1.01 Entry into a Material Definitive Agreement. Third Amendment to Credit Agreement On April 27, 2022 (the “ Signing Date ”), Garrett Motion Inc. (the “ Company ”) entered into Amendment No. 3 (the “ Third Amendment ”) to that certain Credit Agreement, dated as of April 30, 2021, by and among the Company, Garrett LX I S.à r.l. (the “ Lux Borrower ”), Garrett Motion Holdings Inc. (the “ U.S. Co-Borrower ” and together with the Lux Borrower, the “ Term Borrowers ”), Garrett Motion Sàrl (the “ Swiss Borrower ”), the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended by the First Amendment, dated as of January 11, 2022 and the Second Amendment, dated March 22, 2022, the “ Credit Agreement ”, and as amended by the Third Amendment, the “ Amended Credit Agreement ”).”
Earnings Releases
Garrett Motion Inc. reported the quarter ended March 31, 2023 results: revenue $970 million, net income $81 million. Guidance reaffirmed.
“Net sales totaled $970 million, up 8% on a reported basis, up 13% at constant currency* • Net income totaled $81 million; Net income margin 8.4% • Adjusted EBITDA* totaled $168 million; Adjusted EBITDA margin* of 17.3% • Net cash provided by operating activities totaled $92 million • Adjusted free cash flow* totaled $88 million • Reaffirmed outlook for 2023”
Earnings Releases
Garrett Motion Inc. reported three months ended March 31, 2023 results: revenue $970 million, net income $81 million. Guidance raised.
“Company’s detailed quarter-end close procedures and independent review, the Company expects the following results for the first quarter ended on March 31, 2023: • Net sales of $970 million, an 8% increase compared to $901 million in first quarter 2022, up 13% at constant currency* • Net income of $81 million, net income margin 8.4%, down from $88 million, primarily”
Material Agreements
Garrett Motion Inc. entered into Transaction Agreements with Centerbridge Partners, L.P. and funds managed by Oaktree Capital Management, L.P. valued at approximately $570 million (effective 2023-04-12).
“On April 12, 2023, Garrett Motion Inc. (the “Company”) announced that it has entered into separate transaction agreements with each of Centerbridge Partners, L.P. (together with its affiliates, “Centerbridge”) and funds managed by Oaktree Capital Management, L.P. (together with its affiliates, “Oaktree”) to effect a series of integrated transactions”
Earnings Releases
Garrett Motion Inc. updated its full year 2023 guidance (reaffirmed).
“Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated technology provider for the automotive industry, today announced that it now expects to achieve financial results in the upper end of the full year 2023 outlook published on February 14, 2023.”
Earnings Releases
Garrett Motion Inc. reported the quarter and year ended December 31, 2022 results: revenue $898 million, net income $112 million.
“reference in such a filing. --- EX-99.1 (EX-99.1) --- Garrett Motion Reports Fourth Quarter 2022 Financial Results Fourth Quarter 2022 Highlights • Reported net sales totaled $898 million, up 4% on a GAAP basis, up 15% at constant currency* • Net income totaled $112 million; Net income margin 12.5% • Adjusted EBITDA* totaled $140 million; Adjusted EBITDA margin*”
Kevin Mahony was appointed as director at Garrett Motion Inc..
“Concurrent with Mr. Silver’s resignation and pursuant to the Investor Rights Agreement, on January 24, 2023, the Board appointed Mr. Kevin Mahony, a designee of Centerbridge, as a director of the Company.”
Steven Silver resigned as director at Garrett Motion Inc..
“On January 22, 2023, Mr. Steven Silver resigned from the board of directors (the “Board”) of Garrett Motion, Inc. (the “Company”), effective immediately.”
Tina Pierce was appointed as Director at Garrett Motion Inc..
“On June 23, 2022, the Board re-elected Ms. Pierce as a director of the Company effective immediately following the Deemed Resignation.”
Russell James changed role as Vice President, ISC Finance at Garrett Motion Inc..
“Mr. James will continue to serve the Company in the role of Vice President, ISC Finance.”
Joanne Lau was appointed as Vice President, Chief Accounting Officer and Corporate Controller at Garrett Motion Inc..
“On October 6, 2021, Garrett Motion Inc. (the “Company”) announced that Joanne Lau has been appointed as the Vice President, Chief Accounting Officer and Corporate Controller of the Company, effective as of the same date”
Tina Pierce was appointed as Director at Garrett Motion Inc..
“Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce”
Darius Adamczyk departed as Director at Garrett Motion Inc..
“Darius Adamczyk was replaced as Honeywell’s designee on the Company’s Board of Directors (the “ Board ”) by Tina Pierce”
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.