GE names Wesley G. Bush director; Stephen Angel to resign Dec 4, 2025

Rhea-AI Filing Summary

General Electric Company announced a Board change: on September 29, 2025 the Board elected Wesley G. Bush as a director effective December 1, 2025, and current director Stephen Angel plans to resign effective December 4, 2025 following his new role as CEO of CSX Corp.

The Board will temporarily increase its size to add Mr. Bush and will decrease it after Mr. Angel’s departure. The Board determined Mr. Bush is an independent director under NYSE standards and appointed him to the Audit Committee. Following Mr. Angel’s resignation, Catherine Lesjak will chair the Management Development & Compensation Committee and Thomas Horton will chair the Governance & Public Affairs Committee. Mr. Bush will receive the same independent-director compensation outlined in the company’s 2025 proxy statement.

Positive

• Appointment of Wesley G. Bush adds an independent director with an Audit Committee seat effective December 1, 2025
• Board independence preserved: the Board determined Mr. Bush meets NYSE independence standards
• Orderly committee reassignments assigned chairs (Catherine Lesjak and Thomas Horton) to fill roles after the resignation

Negative

• Departure of Stephen Angel on December 4, 2025 reduces continuity from an existing director
• Temporary board size change required to manage the overlap, indicating a short-term governance adjustment

Insights

Corporate Governance Analyst

Board succession is organized and adds an independent Audit Committee member.

The Board elected Wesley G. Bush effective December 1, 2025, and will adjust its size around Stephen Angel’s planned resignation on December 4, 2025. Naming Mr. Bush to the Audit Committee preserves key oversight capacity and maintains independence under NYSE rules.

Dependencies include the timing of the formal resignation and smooth transition of committee chairs to Catherine Lesjak and Thomas Horton. Monitor the company’s public disclosures around December 2025 for any additional committee assignments or governance updates.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 29, 2025

General Electric Company

(Exact name of registrant as specified in its charter)

New York

001-00035

14-0689340

(State or other jurisdiction  of incorporation)

(Commission  File Number)

(IRS Employer  Identification No.)

1 Neumann Way,

Evendale,

OH

45215

(Address of principal executive offices)

(Zip Code)

(Registrant’s telephone number, including area code) (617) 443-3000

_______________________________________________

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $0.01 per share			GE			New York Stock Exchange
1.875% Notes due 2027			GE 27E			New York Stock Exchange
1.500% Notes due 2029			GE 29			New York Stock Exchange
7 1/2% Guaranteed Subordinated Notes due 2035			GE /35			New York Stock Exchange
2.125% Notes due 2037			GE 37			New York Stock Exchange

			Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
			Emerging growth company			☐
			If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act.			☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 29, 2025, the Board of Directors (the “Board”) of GE Aerospace (“General Electric Company” or the “Company”) elected Wesley G. Bush to the Board, effective December 1, 2025.  In addition, following the announcement of current director Stephen Angel’s new role as CEO of CSX Corp., Mr. Angel plans to resign from the Board effective December 4, 2025. In connection with these changes, the Board will increase its size to accommodate the election of Mr. Bush and approved a corresponding decrease in its size following Mr. Angel’s departure. A copy of the press release announcing the changes in the composition of the Board is attached as Exhibit 99.1 and incorporated herein by reference.

The Board has determined that Mr. Bush is an independent director under the New York Stock Exchange listing standards and the Company’s independence guidelines, as set forth in the Board’s Governance Principles.

The Board has appointed Mr. Bush to serve as a member of its Audit Committee. Upon Mr. Angel’s departure from the Board, Catherine Lesjak will serve as Chair of the Management Development & Compensation Committee and Thomas Horton will serve as Chair of the Governance & Public Affairs Committee.

Mr. Bush will participate in the compensation and benefit program for the Company’s independent directors, which is described on page 22 of the Company’s Proxy Statement for its Annual Meeting of Shareholders held on May 6, 2025, which was filed with the Securities and Exchange Commission on March 13, 2025.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit									Description
99.1									Press release, dated October 1, 2025 issued by GE Aerospace.
104									The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

Forward-looking statements

This document contains "forward-looking statements" - that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see https://www.geaerospace.com/investor-relations/important-forward-looking-statement-information as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We do not undertake to update our forward-looking statements.

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SIGNATURES

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 Electric Company

(Registrant)

Date: October 1, 2025

/s/ Brandon Smith

Brandon Smith Vice President, Chief Corporate, Securities & Finance Counsel

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FAQ

What change did GE (GE) announce to its Board of Directors?

GE elected Wesley G. Bush to the Board effective December 1, 2025 and announced that Stephen Angel plans to resign effective December 4, 2025.

Will Wesley G. Bush serve on any committees at GE (GE)?

Yes. The Board appointed Wesley G. Bush to serve as a member of the Audit Committee.

Is Wesley G. Bush considered an independent director at GE (GE)?

Yes. The Board determined Mr. Bush is an independent director under NYSE listing standards and the company’s governance guidelines.

Who will replace committee leadership after Stephen Angel departs at GE (GE)?

Following Mr. Angel’s departure, Catherine Lesjak will chair the Management Development & Compensation Committee and Thomas Horton will chair the Governance & Public Affairs Committee.

Will Wesley G. Bush receive compensation for his role on GE’s Board?

Yes. Mr. Bush will participate in the company’s independent director compensation and benefit program as described in the 2025 proxy statement.