Garrett Motion (NASDAQ: GTX) investors re-elect full board and approve 2026 pay and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Garrett Motion Inc. reported the results of its 2026 Annual Meeting of Shareholders. Shareholders elected eight directors to serve until the 2027 annual meeting, with each nominee receiving more than 145 million votes in favor and substantial broker non-votes recorded.
Investors also ratified Deloitte SA as the independent registered public accounting firm for the year ending December 31, 2026, with 164,399,648 votes for and limited opposition. In addition, shareholders approved, on an advisory and non-binding basis, the executive compensation program for the company’s named executive officers.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for highest-supported director: 151,343,062 votes
Broker non-votes on director election: 13,881,118 votes
Auditor ratification support: 164,399,648 votes for
+4 more
7 metrics
Votes for highest-supported director
151,343,062 votes
Votes for Jeffrey Vanneste, Item 1 director election
Broker non-votes on director election
13,881,118 votes
Consistent broker non-votes for each director nominee, Item 1
Auditor ratification support
164,399,648 votes for
Item 2, Deloitte SA ratification for year ending December 31, 2026
Auditor ratification opposition
1,224,803 votes against
Item 2, Deloitte SA ratification
Say-on-pay votes for
147,402,471 votes for
Item 3, advisory approval of executive compensation
Say-on-pay votes against
4,099,169 votes against
Item 3, advisory approval of executive compensation
Say-on-pay broker non-votes
13,881,118 votes
Item 3, advisory approval of executive compensation
Key Terms
Annual Meeting of Shareholders, independent registered public accounting firm, broker non-votes, advisory (non-binding) basis, +1 more
5 terms
independent registered public accounting firm financial
"Ratification of the appointment of Deloitte SA as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
broker non-votes financial
"Votes ABSTAINED | | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
advisory (non-binding) basis financial
"Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers"
named executive officers financial
"compensation of the Company’s named executive officers as disclosed in the Proxy Statement"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
FAQ
Were Garrett Motion (GTX) director nominees elected at the 2026 annual meeting?
Yes, all eight director nominees were elected for terms expiring at the 2027 annual meeting. Each nominee received over 145 million votes for, with comparatively few votes against or abstentions and a consistent level of broker non-votes across the director slate.
How many broker non-votes were recorded at Garrett Motion’s 2026 meeting?
Broker non-votes totaled 13,881,118 for the director election and the advisory vote on executive compensation. These shares were counted for quorum but not as votes for or against those proposals, which is typical when beneficial owners do not provide specific voting instructions.