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

2014-01-17


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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. 

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com  

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