UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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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. |
On May 14, 2020, the Compensation Committee of the Board of Directors of Garrett Motion, Inc. (the “Company”) approved the payment of a one-time retention bonus in the amount of $458,660 (CHF 445,593) to Peter Bracke, the Company’s Vice President and Interim Chief Financial Officer. The retention bonus is subject to repayment in the event that Mr. Bracke resigns without good reason, or the Company terminates his employment for cause, prior to March 31, 2021.
SIGNATURES
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.
| Date: May 20, 2020 |
Garrett Motion Inc. | |||||
| By: |
/s/ Jerome Maironi | |||||
| Jerome Maironi | ||||||
| Senior Vice President, General Counsel and Corporate Secretary | ||||||