Form 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
 

Date of Report (Date of earliest event reported) June 22, 2005
 
 
General Electric Company
  
 
(Exact name of registrant as specified in its charter)
  
 
New York
  
1-35
  
14-0689340
(State or other jurisdiction
of incorporation)
  
(Commission
File Number)
  
(IRS Employer
Identification No.)
   
 
    
3135 Easton Turnpike, Fairfield, Connecticut
      
06828-0001
(Address of principal executive offices)
      
(Zip Code)
   
 
    
Registrant’s telephone number, including area code   (203) 373-2211
 
     
(Former name or former address, if changed since last report.)

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
 
¨
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
 
Pre-commencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


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Item 5.02  Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
 
On June 22, 2005, Dennis D. Dammerman notified the General Electric Company (the “Company”) of his decision to retire from his positions as Vice Chairman of the Board, Executive Officer of the Company and Director of the Company at the end of this year.

Item 7.01 Regulation FD Disclosure
 
On June 23, 2005, the Company issued a press release setting forth the reorganization of its 11 businesses into six industry-focused businesses, effective July 5, 2005, and the appointment of three new Vice Chairmen of the Company. A copy of the Company’s press release is attached hereto as Exhibit 99 and hereby incorporated by reference.
 
Item 8.01 Other Events
 
Effective July 5, 2005, the Company will reorganize its 11 businesses into six industry-focused businesses: GE Infrastructure; GE Industrial; GE Commercial Financial Services; NBC Universal; GE Healthcare; and GE Consumer Finance. New Vice Chairmen will lead three of the businesses: David L. Calhoun, 48, GE Infrastructure; Michael A. Neal, 52, GE Commercial Financial Services; and John G. Rice, 48, GE Industrial. As Vice Chairmen of the Company, they will act as advisors to the GE Board of Directors.
 
GE Infrastructure, led by Mr. Calhoun, will include Aircraft Engines, Rail, Energy, Oil & Gas, Water, and Energy Financial Services and GECAS, two financial verticals associated with certain of these industries.
 
GE Commercial Financial Services, led by Mr. Neal, will include Commercial Finance and Insurance.
 
GE Industrial, led by Mr. Rice, will include Plastics, Silicones/Quartz, Consumer & Industrial, Security & Sensors, Automation, and Equipment Services.
 
In GE Healthcare, Joseph M. Hogan has been named President and CEO. He will succeed Sir William M. Castell when Castell retires from GE Healthcare in 2006.
 
The operating structures of NBC Universal, led by GE Vice Chairman Robert C. Wright, and GE Consumer Finance, led by David R. Nissen, are unchanged.
 
Item 9.01 Financial Statements and Exhibits
 
(c) Exhibits
 
99 Press Release, dated: June 23, 2005, issued by General Electric Company
 

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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.
 
   
General Electric Company
  
   
(Registrant)
  
   
 
 
  
Date: June 23, 2005
  
/s/ Philip D. Ameen
  
   
Philip D. Ameen
  
   
Vice President and Comptroller
  


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