GM said on September 3, 2024 its board elected Alfred F. Kelly, Jr. as a director. The board determined he is independent under New York Stock Exchange listing standards and the company's independence guidelines, and he has not yet been named to any board committee.

1. 01

   GM said on September 3, 2024 its board elected Alfred F. Kelly, Jr. as a director. The board determined he is independent under New York Stock Exchange listing standards and the company's independence guidelines, and he has not yet been named to any board committee.

2. 02

   The company said Kelly, like the other non-employee directors, receives an annual retainer of $325,000 (prorated from the start of his service) and personal accident insurance. Under the plan, he must defer 60% of the retainer into GM Deferred Share Units, which are paid in cash when he leaves the board.

3. 03

   In a press release, the company said Kelly, 66, served as Visa's Chief Executive Officer from 2016 to 2023, was elected chairman of the board in 2019, and left the board in January 2024. He was president of American Express when he left in 2010.

4. 04

   The company said the board now has 13 directors including Kelly, of whom 6 are women and 12 are independent. It described the board as having experience across manufacturing, information technology, digital commerce, defense, transportation and cybersecurity, among other fields.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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Original filing

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