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GE Vernova LLC | 8-K: Current report

SEC ·  Sep 11, 2024 05:05

Summary by Futu AI

GE Vernova announced on September 5, 2024, the approval of an Executive Change in Control Severance Benefits Policy for U.S. executive officers. Under the policy, covered executives will receive 150% of base salary and target bonus (200% for CEO) if terminated without cause within 24 months following a change in control. The policy also includes full vesting acceleration of time-based equity awards and performance-based awards at the greater of target or actual performance.The company has scheduled its first annual meeting of stockholders for May 14, 2025. Stockholders intending to submit proposals or director nominations for the 2025 Annual Meeting must deliver notice between January 14 and February 13, 2025. Rule 14a-8 proposals must be received by November 28, 2024.
GE Vernova announced on September 5, 2024, the approval of an Executive Change in Control Severance Benefits Policy for U.S. executive officers. Under the policy, covered executives will receive 150% of base salary and target bonus (200% for CEO) if terminated without cause within 24 months following a change in control. The policy also includes full vesting acceleration of time-based equity awards and performance-based awards at the greater of target or actual performance.The company has scheduled its first annual meeting of stockholders for May 14, 2025. Stockholders intending to submit proposals or director nominations for the 2025 Annual Meeting must deliver notice between January 14 and February 13, 2025. Rule 14a-8 proposals must be received by November 28, 2024.

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