GM Statement Regarding 8-K Filing of Barra and Ammann Compensation


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DETROIT -- General Motors today filed a form 8-K with the Securities and Exchange Commission outlining a portion of the 2014 compensation for newly appointed CEO Mary Barra and President Dan Ammann.

According to the filing, a part of Barra’s 2014 compensation will total $4.4 million, comprised of $1.6 million in salary and $2.8 million under the company’s short-term incentive plan.   Also for 2014, a part of Ammann’s compensation will total just over $2 million, comprised of $900,000 in salary and $1.125 million under the company’s short-term incentive plan.

These partial totals for Barra and Ammann do not include compensation that could be awarded under the company’s long-term incentive plan, which is subject to approval by GM stockholders at the company’s Annual Meeting in June.  Details of the long-term plan and the remaining portion of Barra’s and Ammann’s compensation under it will be listed in GM’s 2014 proxy filing to be released in April. 

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