Garrett Motion director Steven Tesoriere resigns
Tesoriere's board departure also ends his service on the Talent Management and Compensation Committee.
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Rhea-AI Filing Summary
Garrett Motion Inc. (GTX) announced that Steven Tesoriere resigned from its Board of Directors, effective at the close of business on October 28, 2026. Garrett said the resignation was not the result of a dispute or disagreement with the company or board, including over operations, policies or practices. Tesoriere served on the Talent Management and Compensation Committee until his resignation and previously chaired the Finance Committee and the Nominating and Governance Committee. He joined the board in April 2021 as a designee of funds affiliated with Oaktree Capital Management under the Series A Investor Rights Agreement. Tesoriere is a Managing Director and Portfolio Manager at Oaktree.
8-K Event Classification
Key Figures
Key Terms
Series A Investor Rights Agreement financial
fuel cell compressors technical
thermal management systems technical
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On October 26, 2026, Steven Tesoriere resigned from the Board of Directors (the “Board”) of Garrett Motion Inc. (the “Company”), effective as of the close of business on October 28, 2026. Mr. Tesoriere’s resignation was not the result of any dispute or disagreement with the Company or the Board, including with respect to any matter relating to the operations, policies, or practices of the Company.
A copy of the press release announcing Mr. Tesoriere’s resignation from the Board is attached as Exhibit 99.1 hereto, which is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
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Exhibit No. |
Document Description | |
| 99.1 | Press release of Garrett Motion Inc., dated October 28, 2026 | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |
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.
| GARRETT MOTION INC. | ||||
| By: | /s/ Mark Rollinger | |||
| Name: | Mark Rollinger | |||
| Title: | Senior Vice President, General Counsel & Corporate Secretary | |||
Date: October 28, 2026
Exhibit 99.1
Garrett Motion Announces Retirement of Steven Tesoriere from Board of Directors
PLYMOUTH, MI. and ROLLE, Switzerland, October 28, 2026 – Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a global leader in differentiated turbocharging and electrification technologies for automotive and industrial applications, today announced that Steven Tesoriere has resigned from its Board of Directors. In addition to his Board service, Mr. Tesoriere served on the Talent Management and Compensation Committee of the Board until his resignation.
Mr. Tesoriere joined the Board in April 2021 as a designee of funds affiliated with Oaktree Capital Management, L.P. (“Oaktree”) under the terms of the Company’s Series A Investor Rights Agreement. He previously chaired the Finance Committee and the Nominating and Governance Committee.
“On behalf of the Board, I would like to thank Steve for his valuable contributions during his tenure,” said Daniel Ninivaggi, Chairman of the Board of Garrett. “Steve has been instrumental to Garrett’s financial success, diversification initiatives and long-term shareholder value creation. We are grateful for his service and wish him all the best.”
“It has been a privilege to work with Garrett’s management and Board, and I am grateful for the strong partnership we have built,” said Mr. Tesoriere, Managing Director and Portfolio Manager at Oaktree. “I am proud of the strategic foundation we established to support Garrett’s long-term success and drive shareholder value, and I am confident in the Company’s future.”
About Garrett Motion Inc.
A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its well-recognized expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions. Garrett is committed to advancing turbo applications while leveraging its unique technology solutions, such as fuel cell compressors for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for automotive and industrial applications. Garrett has six R&D centers, 13 manufacturing facilities, and a team of more than 8,700 employees in more than 20 countries. For more information, please visit www.garrettmotion.com
CONTACTS:
INVESTOR RELATIONS
Cyril Grandjean
+1 734 392 55 04
investorrelations@garrettmotion.com
MEDIA
Fabrice Spenninck
MediaRelations@garrettmotion.com