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) August 24, 2000
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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.)
300 Renaissance Center, Detroit, Michigan 48265-3000
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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 August 24, 2000, General Motors Corporation (GM) issued a press release
announcing the retirement of J. Michael Losh, executive vice president and chief
financial officer. The release is as follows:
GM's Losh To Retire; Finnegan Named Acting CFO
DETROIT -- General Motors today announced the retirement of J. Michael Losh,
executive vice president and chief financial officer, effective Sept. 1. Losh,
54, is retiring after 36 years with GM.
John D. Finnegan, 51, GM executive vice president and chairman and president of
General Motors Acceptance Corp. (GMAC), will serve as acting chief financial
officer of the corporation in addition to his current responsibilities.
"During his 36-year career at GM, Mike has made a tremendous contribution to GM
in a broad range of assignments. And, he's been a long-time advisor and friend
to me and many others in the company. We thank him and wish him well," said G.
Richard Wagoner, Jr., GM president and chief executive officer.
Losh was appointed chief financial officer, and elected a General Motors
executive vice president, in July 1994. Previously, he had been GM vice
president and group executive in charge of GM's North American Vehicle Sales,
Service and Marketing organization since May 1, 1992.
Born in Dayton, Ohio, on May 10, 1946, Losh graduated from the General Motors
Institute (GMI) with a bachelor of science degree in mechanical engineering in
1970, having been sponsored by the former Inland Division of GM (now a part of
Delphi). He also received a master's degree in Business Administration (MBA)
from Harvard University.
He joined General Motors Inland Division in 1970 after graduation from GMI. In
subsequent years, he held assignments in GM's New York Treasurer's office and
the Detroit-based Financial staff. He was named director of finance at GM do
Brasil in Sao Caetano de Sul in 1979. He joined GM de Mexico in early 1982 as
deputy managing director. In December of that year, he was named president and
managing director of General Motors de Mexico, S.A. de C.V., in Mexico City. He
was elected a vice president of General Motors and general manager of Pontiac
Motor Division on July 1, 1984, and was named general manager of the Oldsmobile
Division in June 1989.
Finnegan has been responsible for GMAC's activities worldwide, including the
company's insurance and mortgage operations, since being appointed to this
position in May 1999. He is also chairman of the boards of GMAC and MIC, and
president and chairman of the GMAC Mortgage Group board of directors.
Previously, Finnegan was vice president and treasurer of GM, based in New York,
a position he held from 1995-97. He has also served as chief financial officer
of GMAC, assistant treasurer of General Motors, and chief financial officer of
GMAC Mortgage Corporation. He joined GM in 1976.
Finnegan was born Jan. 31, 1949, in Jersey City, N.J. He earned a bachelor's
degree in political science from Princeton University in 1971, a law degree from
Fordham Law School in 1975, and an MBA from Rutgers University in 1976.
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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 August 24, 2000
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By
s/Peter R. Bible
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(Peter R. Bible,
Chief Accounting Officer)
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