Garrett Motion (NASDAQ:GTX) shareholders approved all proposals presented at the company’s 2026 annual meeting, including the election of eight directors, the ratification of Deloitte S.A. as independent auditor and an advisory vote on executive compensation, according to remarks made during the meeting.
Daniel Ninivaggi, chairman of Garrett Motion’s board of directors, presided over the meeting and introduced the directors standing for election. The nominees included Paul Camuti, Joachim Drees, D’aun Norman, Olivier Rabiller, Julia Steyn, Steven Tesoriere, Ninivaggi and Jeffrey Van Nest, who was standing for election for the first time.
Shareholder Meeting Procedures
Mark Rollinger, Garrett Motion’s general counsel and corporate secretary, said notice of the meeting was mailed or made available online beginning April 10, 2026, to shareholders of record as of April 2, 2026. Rollinger said the company had 187,656,873 shares of common stock issued and outstanding and entitled to vote as of the record date.
Rollinger said holders of a majority of shares entitled to vote were present virtually or by proxy, establishing a quorum for the meeting. Lewis Larson of Broadridge Financial Solutions served as inspector of elections. Representatives of Deloitte S.A., the company’s independent auditor, were also present.
Three Proposals Presented
Patrick Foley, deputy general counsel and assistant corporate secretary, outlined the three items of business presented to shareholders. The first was the election of eight directors, each to serve until the company’s 2027 annual meeting of shareholders and until a successor is elected and qualified, or until earlier resignation.
The second proposal asked shareholders to ratify the appointment of Deloitte S.A. as Garrett Motion’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026. The third proposal asked shareholders to approve, on a non-binding advisory basis, the 2025 compensation of the company’s named executive officers as disclosed in the proxy statement.
Foley said the board recommended that shareholders vote in favor of each director nominee and in favor of the auditor ratification and executive compensation proposals.
Preliminary Results Show All Items Approved
After the polls closed, Rollinger reported preliminary voting results based on proxies received before the start of the meeting. He said holders of a majority of votes cast had voted in favor of each of the board’s director nominees.
Rollinger also said holders of a majority in voting power of shares present virtually or represented by proxy and entitled to vote approved the ratification of Deloitte S.A. and the advisory vote on executive compensation.
“Based on these preliminary results, I hereby declare that all of the nominees for director have been duly elected,” Rollinger said. He added that Deloitte S.A.’s appointment had been ratified and the compensation of named executive officers had been approved on an advisory, non-binding basis.
The company said it will report final voting results in a Form 8-K filing with the U.S. Securities and Exchange Commission after receiving certified results from the inspector of elections.
No Shareholder Questions Submitted
Following the official business of the meeting, Garrett Motion opened a brief question-and-answer period. No shareholder questions were submitted, and the meeting was then concluded.
About Garrett Motion (NASDAQ:GTX)
Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.
Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.
