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) April 5, 1999
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GENERAL MOTORS CORPORATION
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(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 1-143 38-0572515
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
100 Renaissance Center, Detroit, Michigan 48265-1000
3044 West Grand Boulevard, Detroit, Michigan 48202-3091
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (313)-556-5000
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ITEM 5. OTHER EVENTS
On April 6, 1999, General Motors Corporation (GM) issued the following
news release announcing it has redeemed its Series-B 9-1/8% Preference stock.
The news release is as follows:
GM EFFECTS REDEMPTION OF SERIES B 9-1/8% PREFERRENCE STOCK
DETROIT - General Motors Corporation today announced that, effective at
the close of business yesterday, it has redeemed its Series-B 9-1/8% Preference
stock. The approximately 20 million outstanding depositary shares had a face
value of more than $500 million.
GM redeemed the stock at $25 per depositary share plus accrued and
unpaid dividends of $0.60 per share, for a total redemption of $25.60 per
depositary share. The shares, issued in December 1991, were redeemable at GM's
option beginning on January 1, 1999. GM announced the planned redemption on
March 4, 1999.
As of the redemption, the Series-B depositary shares are no longer
considered to be outstanding, dividends will no longer accrue, and the only
right the holder retains is the right to receive the redemption price once the
depositary share receipts have been properly surrendered.
The redemption agent is the depositary, BankBoston, N.A., 150 Royal
Street, Canton, Mass., 02021. Shareholders with questions about Series-B
depositary shares or the redemption may call Georgeson & Company at
1-800-223-2064.
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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
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(Registrant)
Date April 9, 1999
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By
s/Peter R. Bible
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(Peter R. Bible,
Chief Accounting Officer)
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