-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HXGHUeYGKcACCMq9h85TVWuWrBBonQMrCylWPyhvb3NO2YczXPx/YFFt23pe4M8Y 7cdflDaYrL8TXLe2g+WH0w== 0000040730-01-500087.txt : 20010528 0000040730-01-500087.hdr.sgml : 20010528 ACCESSION NUMBER: 0000040730-01-500087 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010525 ITEM INFORMATION: FILED AS OF DATE: 20010525 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MOTORS CORP CENTRAL INDEX KEY: 0000040730 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 380572515 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-00143 FILM NUMBER: 1648112 BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CTR STREET 2: MAIL CODE: 482-C34-D71 CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 3135565000 MAIL ADDRESS: STREET 1: 300 RENAISSANCE CTR STREET 2: MAIL CODE: 482-C34-D71 CITY: DETROIT STATE: MI ZIP: 48265-3000 8-K 1 gmpearce8k-052501.txt HARRY PEARCE RETIRES FROM GM GOES TO HUGHES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549-1004 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) May 25, 2001 ------------ GENERAL MOTORS CORPORATION ----------------------------------------------------- (Exact name of registrant as specified in its charter) STATE OF DELAWARE 1-143 38-0572515 - ---------------------------- ----------------------- ------------------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 300 Renaissance Center, Detroit, Michigan 48265-3000 - -------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (313)-556-5000 -------------- - 1 - ITEM 5. OTHER EVENTS On May 25, 2001, General Motors Corporation issued a news release announcing Harry Pearce was named Chairman of Hughes Electronics Corporation, retires from GM. The release is as follows: GM Vice Chairman Harry Pearce Named Chairman of HUGHES Electronics Corp., Retires from GM DETROIT -- General Motors Corp. Vice Chairman Harry J. Pearce today announced his decision to accept the position of Chairman of Hughes Electronics Corp. and retire from GM, effective immediately, capping a 16-year career at the world's largest vehicle manufacturer. In his new capacity, Pearce will oversee the activities of the GM subsidiary, including HUGHES' consideration of strategic restructuring alternatives. "No one has enjoyed their work at General Motors more than I have," Pearce said. "I can look back proudly at a multitude of accomplishments of the men and women of GM. I am honored to have worked with them over these last 16 years. I now look forward to working alongside the people of HUGHES to assure that this great organization achieves its fullest potential for the benefit of its employees and all stakeholders," Pearce said. Pearce has been vice chairman of the GM Board of Directors since 1996, with responsibility for GM's non-automotive businesses, including HUGHES, Allison Transmission Division, Electro-Motive Division and GM Defense; the Public Policy Center; the Office of the Secretary; and the Enterprise Activities Group. Pearce will not stand for election to the GM Board of Directors at the company's annual meeting on June 5, 2001. "We'll miss Harry for a lot of reasons," GM Chairman Jack Smith said. "Mostly for the culture he has instilled within GM and its people to do the right thing in all situations, be socially responsible, and fight for what is right." "Harry has inspired all of us on both personal and professional levels," GM President and CEO Rick Wagoner said. "He has been a model of strong, ethical leadership for the company. His greatest legacy is most likely to be his positive contributions to the lasting values of this company." Pearce joined General Motors as associate general counsel in October 1985, assuming responsibility for all product litigation and product safety matters worldwide. From May 1987 to August 1994, Pearce had been general counsel with responsibility for GM's Legal Staff, and was elected GM executive vice president on November 2, 1992. He was elected to the GM Board of Directors as vice chairman on Jan. 1, 1996. Prior to joining GM, Pearce had been a senior partner in the firm of Pearce & Durick of Bismarck, N.D. In that capacity, he represented GM and other industrial companies nationwide in a variety of product liability cases over a period of 15 years. Pearce, 58, said his decision to retire from GM was unrelated to any health issues. He successfully battled leukemia after he was diagnosed in 1998. He also said the prognosis for GM was excellent. - 2 - "The strategies it has been successfully pursuing have placed GM in an excellent position," Pearce said. "It's delivering on its promise to produce innovative, high-quality products and services that our customers want. It's redefining itself in terms of the global marketplace and expanding business opportunities. And, most importantly, it has the best people in our industry who will continue to drive success in the future." In connection with Pearce's retirement, the GM Board of Directors has elected Tom Gottschalk Executive Vice President - Law and Public Policy, reporting to Wagoner. Gottschalk will also continue as General Counsel for the company. # # # Note to Reporters: General Motors and HUGHES Electronics will host a teleconference for news media beginning at 1:00 p.m. EDT today (10:00 a.m. Pacific). HUGHES Chairman Harry Pearce and CEO Jack Shaw will preside. Following brief opening remarks by Mr. Pearce, there will be a question-and-answer session. To access the conference call, please call 1-800-553-0326 (Non-US callers should dial 1-612-288-0318) 10 minutes prior to the start time and ask to be connected to the General Motors conference call. # # # # SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GENERAL MOTORS CORPORATION -------------------------- (Registrant) Date May 25, 2001 ------------ By s/Peter R. Bible ------------------------------- (Peter R. Bible, Chief Accounting Officer) - 3 - -----END PRIVACY-ENHANCED MESSAGE-----