Spin-off - GENERAL ELECTRIC CO
Form Type: 10-Q
Filing Date: 2025-04-22
Corporate Action: Spin-off
Type: New
Accession Number: 000004054525000062
Filing Summary: On April 22, 2024, General Electric Company reported a significant development regarding a spin-off transaction involving GEVernova, aimed at separating certain assets and operations into a distinct entity. This spin-off is part of GE's broader strategy to enhance operational focus and streamline its portfolio. The 10-Q filing for the quarter ended March 31, 2025, includes financial disclosures reflecting the impacts of this separation on the company's operational results. GEVernova will inherit a range of infrastructure and liabilities, ensuring a smoother transition forward. The spin-off aims to create a more agile corporate structure that aligns with market demands and operational efficiencies, with projections highlighting potential value enhancements for both the parent company and its newly formed subsidiary. Reports suggest that this strategic move is designed to position GE favorably within the evolving landscape of the aerospace and defense sectors, thereby optimizing shareholder value and ensuring sustained financial health.
Additional details:
Discontinued Operations: Discontinued Operations Disposed Of By Means Other Than Sale Spinoff Member
Spinoff Member: GEVernova Member
Discontinued Operations Segment: Segment Discontinued Operations Member
Form Type: 8-K
Filing Date: 2024-04-23
Corporate Action: Spin-off
Type: Update
Accession Number: 000004054524000112
Filing Summary: The report details the release of General Electric Company's first-quarter 2024 financial results, confirming that there is no spin-off involved.
Additional details:
Newco Cik: 1996810
Parent Cik: 40545
File Number: 001-00035
Access 12: 000004054524
:
Effective Date: 2024-03-19
Spin Off Id: 382
Deleted: 1
Form Type: 8-K
Filing Date: 2024-04-11
Corporate Action: Spin-off
Type: Update
Accession Number: 000004054524000097
Filing Summary: General Electric Company announced the completion of the spin-off of GE Vernova Inc., allowing it to operate specifically as GE Aerospace. Shareholders received one share of GE Vernova common stock for every four shares of GE Aerospace held as of the record date on March 19, 2024. The common stock of GE Vernova commenced trading on the New York Stock Exchange under the ticker symbol "GEV." The spin-off indicates a significant restructuring, with GE Vernova being reported as discontinued operations from the second quarter of 2024 onwards.
Additional details:
Newco Cik: 1996810
Parent Cik: 40545
File Number: 001-00035
Access 12: 000004054524
: 0
Effective Date: 2024-03-19
Spin Off Id: 382
Form Type: 8-K/A
Filing Date: 2024-04-08
Corporate Action: Spin-off
Type: Update
Accession Number: 000004054524000088
Filing Summary: General Electric Company has announced the successful completion of its spin-off involving GE Vernova Inc., which now operates independently. Shareholders received one share of GE Vernova common stock for every four shares of General Electric they held as of March 19, 2024. The transaction was executed through a pro rata distribution of GE Vernova's stock. As of April 2, 2024, GE Vernova began trading under the ticker symbol "GEV" on the New York Stock Exchange. The spin-off signifies a strategic move for General Electric Company, which has shifted its focus to GE Aerospace. This amendment to their previous filing adds pro forma financial information to reflect the changes resulting from the spin-off.
Additional details:
Newco Cik: 1996810
Parent Cik: 40545
File Number: 001-00035
Access 12: 000004054524
: 0
Effective Date: 2024-03-19
Spin Off Id: 382
Form Type: 8-K
Filing Date: 2024-04-08
Corporate Action: Spin-off
Type: Update
Accession Number: 000004054524000089
Filing Summary: General Electric Company announced the successful completion of its spin-off of GE Vernova Inc. as part of its strategic plan to establish three independent companies. This event led to the election of new officers within GE Aerospace, including Robert Giglietti as Chief Accounting Officer.
Additional details:
Newco Cik: 1996810
Parent Cik: 40545
File Number: 001-00035
Access 12: 000004054524
: 0
Effective Date: 2024-03-19
Spin Off Id: 382
Form Type: 8-K
Filing Date: 2024-04-02
Corporate Action: Spin-off
Type: Update
Accession Number: 000119312524084038
Filing Summary: General Electric Company has completed its spin-off of GE Vernova Inc., effectively separating its powers into two distinct entities. Shareholders of General Electric will receive shares in GE Vernova, with the distribution taking place on April 2, 2024, as announced in their current report. The separation resulted from a pro-rata distribution where every four shares of General Electric’s common stock on record as of March 19, 2024, entitled shareholders to one share of GE Vernova. GE Vernova's stock will begin trading on the New York Stock Exchange under the symbol "GEV." This is a significant strategic move for General Electric, marking a new chapter as GE Aerospace.
Additional details:
Newco Cik: 1996810
Parent Cik: 40545
File Number: 001-00035
Access 12: 000119312524
: 0
Effective Date: 2024-03-19
Spin Off Id: 382
Form Type: 8-K
Filing Date: 2024-03-07
Corporate Action: Spin-off
Type: Update
Accession Number: 000004054524000056
Filing Summary: General Electric Company announced a planned spin-off of GE Vernova, which will take place after the completion of this process. This announcement was made alongside a new authorization for up to $15 billion in common share repurchases. The document explicitly references that the company will operate as GE Aerospace following the spin-off. The details on the exact timing of the spin-off remain unspecified, but the implication is that it is a crucial step in their restructuring strategy.
Additional details:
Newco Cik: 1996810
Parent Cik: 40545
File Number: 001-00035
Access 12: 000004054524
: 0
Effective Date: 2024-03-19
Spin Off Id: 382
Form Type: 8-K
Filing Date: 2024-02-29
Corporate Action: Spin-off
Type: New
Accession Number: 000004054524000041
Filing Summary: General Electric Company is initiating a spin-off of its renewable energy, power, and digital businesses, which will result in the formation of GE Vernova Inc. This transaction involves a pro-rata distribution of GE Vernova shares to GE shareholders. The spin-off is anticipated to begin during the week of March 31, 2024, and will include modifications to retirement plans for participant shareholding. This document serves as a notice about an upcoming blackout period applicable to dividend distribution and trading restrictions related to the spin-off.
Additional details:
Newco Cik: 1996810
Parent Cik: 40545
File Number: 001-00035
:
Effective Date: 2024-03-19
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